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Shenzhen-listed manufacturer Tonze New Energy Technology recently announced that it has decided to form a wholly-owned subsidiary in Ruichang City, Jiangxi Province. The new company will be the operations entity for its production expansion projects in that area.  According to Tonze New Energy Technology's announcement released on 8 August, it plans to invest about CNY 3 billion ($444.23 million) in Ruichang. The registered capital of the new subsidi…
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