Huangshan Jinma Co. Ltd., the listed auto parts maker belonging to the Huangshan Jinma Group, has renamed itself Anhui Zotye Automobile Co., Ltd. after the acquisition of 100% of the shares of Yongkang Zotye Automobile Co., Ltd. The valuation of the purchase was 11.6 billion RMB.
The Huangshan Jinma Group itself is 90% owned by Tech-New Group.
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