Malaysia's Lion Group is reportedly in discussions to take full control of its joint venture tyre operations in China. Malaysia's Star newspaper quoted Lion chairman Tan Sri William Cheng saying that Lion is â€œin talks to take over at no cost the remaining 45% stake in Dong Fung Tyre Ltd in Shiyan, Hubei province, and Changchuan Tyre Co Ltd in Changchun, Jilin province.â€
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The Star (Malaysia) story
Channel News Asia report