Currents of Currency Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currents of Currency

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Ahda	2/13/2011 6:29:49 PM
	of 594

Bloomberg China Says Panel Will Begin Scrutinizing Acquisitions by Foreign Companies By Eva Woo and Dan Hart - inShare.15 More Print Email . China plans to create a ministerial panel to review takeovers of local companies by foreign investors. The panel will be led by the National Development and Reform Commission and the Ministry of Commerce and will be overseen by the State Council, according to a statement published today on the council’s website. Coming under scrutiny will be acquisitions involving military industrial companies and others relating to national defense, the statement said. It also will look at takeovers involving producers of agricultural goods, energy and natural resources, as well as companies in some parts of the infrastructure and transportation-services industries. “Now foreign-funded M&A in China would be subject to review by a state-level investment-review authority and can be blocked on the ground of endangering national security, which may not be received favorably by international investors,” said Hubert Tse, a Shanghai-based partner at law firm Boss & Young.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next