GEELY Group, a privately owned mainland carmaker, and its Hong Kong partner Guorun Holdings, plan to “multiply” investment in their newly launched joint venture to take advantage of the car boom in China.
The two companies are set to raise investment in the joint venture to 1.5bil yuan (RM687mil) in the next two years from 200mil yuan (RM91mil) now, Geely said in a statement released at the weekend.
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