BEIJING, Aug 29 (Reuters) - China's market regulator has unconditionally approved Nissan (China) Investment Co's new joint venture with Dongfeng Motor 0489.HK, according to a statement on Friday.
The two companies announced in late July plans to set up a new JV, 60% controlled by Nissan China, to focus on vehicle and auto part exports.
(Reporting by Beijing newsroom; Editing by Himani Sarkar)
((qiaoyi.li@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.