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Xinhua Jin (600735): Joint Venture With Japanese Used Car Dealers
Xinhua Jin (600735) announced in the evening of March 26th that the company signed a letter of intent with Carchs, Japan, to jointly develop import and export business for used cars and related parts. The two sides agreed to actively promote the establishment of a joint venture in Qingdao. Carchs is a Japanese listed company, mainly engaged in second-hand car distribution business. The signing of this letter of intent is conducive to the rapid landing of the second-hand car business.
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