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Shougang enters Beijing Hyundai

Time: 2006-12-29
City: Beijing
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Shanghai, December 26 (Reuters) ?Beijing Shougang said it would take a 23.62 percent stake in Beijing Automotive Investment Holdings Co Ltd, the Chinese partner of Beijing Hyundai for US$136 million.




¡¡¡¡Beijing Automotive, which has a 50-50 venture in Beijing with the South Korean automaker, makes the hot-selling Accent and Elantra sedans in the world¡¯s second largest automobile market.