Xuzhou to Consider New Bids for Unit If Carlyle Offer Rejected - The Diigo Meta page

• 28 Mar 08
  

  At the Money

  China Private_Equity

  • Rules announced on Sept. 8, 2006, require overseas buyers of Chinese assets to get a Commerce Ministry clearance for deals involving a key industry, a well-known trademark or an ``old Chinese brand.''

  • Carlyle's plan to acquire Chongqing City Commercial Bank was rejected by the China Banking Regulatory Commission in April of last year.

     

    Goldman Sachs Group Inc.'s plan to buy 10.7 percent of China's Guangdong Midea Electric Appliances Co., after awaiting regulatory approval for nine months, was blocked by the China Securities Regulatory Commission in August.

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