China Regulator Rejects Sale Of Fuyao Group Glass Stake To Goldman Sachs

China's securities regulator rejected Fuyao Group Glass Industries Co. planned stake sale to Goldman Sachs Group Inc. , the Chinese company said Monday.

Fuyao, China's largest automotive-glass maker by output, agreed in November last year to sell a 10% stake to Goldman Sachs's private-equity arm for around CNY890.4 million.

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