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Richard Liu Personally Invests RMB5B to Enter Yacht Sector
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Richard Liu, Founder and Chairman of JD-SW (09618.HK), announced the establishment of an independent yacht brand, Sea Expandary, with an investment of RMB5 billion in Guangdong to deploy in the yacht industry, according to China Business Network. This is a personal investment, and he will not be directly involved in operational management, Liu added. He hopes to produce yachts priced at RMB100,000 in the future, making them affordable for ordinary wage earners. AASTOCKS Financial News Website: www.aastocks.com |
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