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Chinese bicycle suppliers, govt insurer to take control of Huffy

by RL Policar

Huffy, a 115-year-old US bicycle maker and one of the country’s best-known brands, looks set to fall into Chinese hands.

Huffy is to reorganise, allowing its Chinese suppliers and a firm linked to the Chinese government to raise their shareholding to 51% over five years.

Famous for its BMX stunt bikes, Huffy ran into problems after it bought Canada’s Gen-X in 2002 and is currently under bankruptcy protection.

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