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China Jishan banks on finance services

Textile firm's unit taking 51% of new JV firm
Tuesday, December 31, 2013 - 06:00

IN A bid to diversify its business, struggling textile firm China Jishan Holdings is moving into financial services. A wholly owned subsidiary of the mainboard-listed firm, Zhejiang Jishan Printing and Dyeing Co Ltd (ZJPD) is investing 102 million yuan (S$21.3 million) for a 51 per cent stake in

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