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In 1999, a 52% stake of Yulong was sold to Guo’s wife and mother-in-law for CN¥3.81 million. In June 2001, the remaining 48% was also taken by Guo and his wife from Dickman Enterprises for CN¥1.488 million. Hence, Guo, his wife and his mother-in-law became 100% owners of Yulong. In the start, Yulong was making pagers and paging systems. Then in 2002, the company started making mobile sets.
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