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Announced on January 23, 2014, Fengfan Shares intends to jointly establish Baoding Fengfan Automobile Products Co., Ltd., a wholly-owned subsidiary of the controlling company's 718th research institute, China Shipbuilding Heavy Industry Co., Ltd., to invest in cash 510 Ten thousand yuan, accounting for 51% of the company's registered capital.
Windsurfing shares joint ventures with related parties to establish automotive supplies