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December 24, 2010

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Qiangsheng's deal

SHANGHAI Qiangsheng Holding Co has gained regulatory approval to acquire Shanghai Bashi Taxi Co, the Shanghai-listed Qiangsheng has said in a stock exchange filing.

Qiangsheng's fleet may top 13,000 taxis to become the world's biggest, after acquiring Bashi's more than 5,000 cabs.


 

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