Mazda raises stake in China sales venture with FAW

Newswire

TOKYO, April 30 (Reuters) - Mazda Motor Corp said on Thursday it had lifted its stake in a Chinese sales company to 40 percent from 25 percent for 49.5 million yuan ($7.26 million) in a move that would give it bigger dividends from its profitable Chinese business. The Japanese automaker raised its stake through a third-party allocation of new shares by the venture, FAW Mazda Motor Sales Corp, Mazda said in a statement. As a result, the combined stake held by partners First Automotive ...

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