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Yang Rong builds domestic platform by controlling A-share listed company

Tianjin HKMC Equity Investment Fund Management Co., Ltd. (Tianjin HKMC), the subsidiary of Yang Rong's Hong Kong-listed company HKMC (01188.HK), will manage the 20.90-percent stake of Xinchao Industrial (600777.SH) in trust, in order to boost the latter's power battery business and help it break into the new energy vehicle industry,

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