SVA Group sells stakes in two listed subsidiaries to Yidian
By Zhou Yan | China Daily | Updated: 2009-06-09 08:06
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SVA color TV sets on display at a showroom in Shanghai. CFP |
SHANGHAI: Debt-laden State-owned electronics giant SVA Group Co has sold its entire stake in two listed units to the Shanghai government owned assets operation firm Shanghai Yidian Holdings for 2.18 billion yuan to alleviate its cash flow problems.
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