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China to Combine Two Tobacco Companies, Business Herald Says  

Hongyun Group and Honghe Group will merge, forming China's largest cigarette maker, the 21st Century Business Herald reported, citing a tobacco bureau official.

The two companies, both based in the southwestern Chinese province of Yunnan, signed a merger agreement yesterday, the Chinese-language newspaper said on its Web site today, citing Li Weidong, a tobacco bureau official in the province.

The combined company will have annual production of more than 4 million boxes of cigarettes, making it the world's fifth- biggest behind Philip Morris International Inc., British American Tobacco Plc, Japan Tobacco Inc. and Imperial Tobacco Group Plc

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