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Update: UniStrong to Invest RMB 140 Mln in Beidou Project

Shenzhen Stock Exchanges, 1/22/13

In a January 22 filing, Beijing-based satellite navigation company Beijing UniStrong Science & Technology (002383.SZ) announced that its public Beijing Beidou navigation and positioning service industry platform project had been approved by the Beijing municipal government, along with plans for a joint-venture company with RMB 300 mln in registered capital to oversee the project. Read More