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Business deals

Panasonic sells solar factory in Malaysia to new Chinese R&D ally

Tesla partner forecasts 30% annual net profit drop as restructuring costs loom

Panasonic makes solar cells at this plant in Malaysia.

OSAKA -- Panasonic will sell a Malaysian subsidiary that manufacturers solar panels to Chinese company GS-Solar, its new partner in a research venture, the Japanese electronics group said Thursday.

The sale of Panasonic Energy Malaysia, which operates a factory in Kedah northwest of Kuala Lumpur, is set to conclude in November for an undisclosed amount.

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