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Chinese appliance giant to become biggest shareholder of Japanese electronics retailer Laox
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19:38, June 24, 2009
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Chinese appliance firm plans 2.8-bln-yuan private placement
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Chinese appliance giant Suning Appliance Co. will buy 27.36 percent of shares of Japanese electronics retailer LAOX Co. to become its biggest shareholder, Suning announced Wednesday.
Source: Xinhua
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