Datang Holding inaugurated -- china.org.cn

Datang Holding inaugurated

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Datang Group announced yesterday the establishment of Datang Holding, which works on home-grown 3G technology and related telecommunications services.

The State Development and Investment Corp invested five billion yuan (US$684 million) in the new firm to take a 35-percent stake. The new firm's registered capital is three billion yuan.

(Shanghai Daily January 4, 2008)

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