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The company has about 4,600 MAX orders pending. In April, it reduced production of the aircraft to 42 planes a month from 52, but expects to boost output to 57 a month by the end of next year.

The company has provided intensive training for its teaching staff. It also carried out thorough background checks to ensure integrity of its teaching faculty.

The company did not name the investors.

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The collision derailed a number of carriages of the train and caused the truck to burst into flames, rescue officials said.

The companies said that the merger would position the new company to "successfully capitalize on the opportunities presented in the new era of sustainable mobility.''

The company has already built a global retail network by opening more than 4,200 outlets in over 80 countries and regions, of which over 2,500 are located in China.

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The company expanded its operations in Malaysia by building a 1-gigawatt monocrystalline cells plant, at a cost of 840 million yuan in February this year. The move helped the company to cope with rising operational costs and minimize the effect of the ongoing China-US trade dispute.

The companies and their underwriters will confirm the IPO dates and publish prospectuses following discussions with the stock exchange.

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The committee also voted that behind those groups should be other essential workers; people ages 65 to 74; and those aged 16 to 64 who have certain medical conditions — like obesity and cancer — that put them at higher risk for severe disease if they get infected with the coronavirus.

The company claimed 200 million users by November last year, meaning deposits could amount to as much as 20 billion yuan (.9 billion).