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China: Yutong Bus secures Yuan 1.49bn contract

Zhengzhou Yutong Bus’ wholly-owned subsidiary Hong Kong YuTong International has recently signed a sales contract with Fontur, an affiliate of Venezuela Transportation and Communications.

The agreement calls for Hong Kong Yutong to deliver around 1,216 buses and related facilities to Fontur between January and July 2012. The contract is valued at …

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