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UCAR Buys 370.5 Mln More Shares In Hong Kong-Listed Car Inc.

By Amy Lam
Nikkei Markets
HONG KONG (Mar 08) -- Chinese car services company UCAR Technology has acquired 370.5 million additional shares in Hong Kong-listed car rentals company CAR Inc., boosting its stake to 29.36% from 12.12%, according to a filing to the Hong Kong stock exchange on Thursday.

The transaction took place on Mar. 2, according to the disclosure, which did not reveal the identity of the seller.

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