Hisense to Buy Sanden

China’s Hisense Home Appliances Group plans to acquire troubled Japanese auto air conditioner supplier Sanden Holdings as the major Chinese home appliances maker expands into the global auto industry. Hisense, listed in Shenzhen and Hong Kong, is a household brand in the Chinese home-electronics market, with products such as air conditioners, refrigerators, and TVs. They have…
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