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Midea buys 80% of Toshiba home appliances unit

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LEADING CHINESE WHITE goods maker Midea (美的)has agreed to buy 80.1% of Toshiba’s home appliances division (东芝家电)for Yen53.7 billion (US$473 million), officially designated within Toshiba Corporation as the Toshiba Lifestyle Products & Services Corporation (TLSC). This further strengthens a relationship between the two companies that dates back over two decades during which they have cooperated closely […]

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