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Haihua to form venture with Carlyle

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Updated: 2007-06-12 17:15

Shandong Haihua Group, a major chemical maker, has signed a preliminary agreement to form a joint venture with US investment firm Carlyle.

Haihua Group will have control of the venture, into which it will put assets including its 49 percent stake in its Shenzhen-listed unit, Shandong Haihua Co.


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