Microsoft Takes Minor Changhong Stake
Aggregated Source: ChinaRetailNews.com
June 18, 2007|
Seeking to spread its reach throughout China, Microsoft has reportedly taken a small stake in China's Sichuan Changhong Electric Company.
The companies have inked a letter of intent for Microsoft to purchase 15 million Changhong shares for a total of RMB94 million. Changhong's stock is currently traded on the Shanghai Stock Exchnage, and Microsoft's purchase equates [...]
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