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2012 June 19   17:06

Singapore's Yangzijiang sells stake in microfinance firm

Singapore-listed Yangzijiang Shipbuilding (Holdings) Ltd said on Tuesday it has sold its entire stake in Wuxi Runyuan Technology Microfinance Co Ltd, Reuters reports.
Yangzijiang's unit Jiangsu Yangzijiang Shipbuilding Co Ltd had a 31.5 stake in Wuxi Runyuan, which it sold for 103.95 million yuan ($16.35 million), the company said in a statement.

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