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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: hui zhou who wrote (2998)	3/14/2008 11:57:43 AM
From: RealMuLan	Respond to of 12464

Yes, but that Amsterdam branch is ONLY one of 55 of their branches worldwide. So Carlyle Group will not go down. It may shrink a lot, but not going down. I can only hope Chinese gov. stop letting them ripping off China's state asset at the dirt cheap value, and let them flip for big quick profit.

To: hui zhou who wrote (2998)	3/14/2008 12:02:11 PM
From: RealMuLan	Read Replies (2) \| Respond to of 12464

This piece got some numbers--"Citic seeks boost to Bear Sterns stake By Philip Aldrick Last Updated: 11:56pm GMT 15/02/2008 telegraph.co.uk Chinese investment bank Citic is attempting to negotiate a larger stake in Bear Stearns for its $1bn (£500m) cross-investment, to reflect the Wall Street giant's slumping share price. Citic is thought to want to increase the holding it will receive from 6pc to 9.9pc, making it the US group's largest single shareholder. Bear in turn will buy roughly $1bn of Citic's debt, giving it a 2pc stake, unchanged on the original proposal. They also agreed to set up a joint venture company - to include Bear's Asian operations and Citic's Hong Kong based business - to develop new services for the Asian market. Bear's share price has tumbled from around $120 when the deal was struck to $78.70 yesterday, while Citic's shares fell roughly 40pc. The deal needs regulatory approval in China and the negotiations, described as a "reciprocal adjustment", were apparently launched after Citic held discussions with the Chinese authorities."