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... anghong. Wind and Rain Home Appliances will use 35% of their shares and 50 million USD to exchange for 49% of Changhong’s shares. The original management teams will be unchanged, but each party will send two finance officers to the other company.


Both parties will cooperate on developing TVs, LCDs, etc. They will also be helping each other with Infrared sensors, digital cameras, etc.


It is a surprise for Feng Yu to know Changhong had been working on digital camera technol ...

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