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Fund buys into ventures
CHINA Merchants China Direct Investments will pay $37.5 million for a 25 per cent interest in three mainland joint venture companies engaged in road transport and taxi services.
The China investment fund agreed to acquire the interest from Top Chief Co, a wholly owned subsidiary of China Merchants Holdings (Hong Kong) Co (CMHK).
The ventures are engaged in road container transportation, road freight transport and taxi services in Shenzhen.
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