Why the Press Reports on the Hummer Deal and Government Approval Are So Confusing
媒体来源: ChinaLegalBlog.com
2009-11-17
The deal between GM and Tengzhong over Hummer seems to be moving along, but every time someone talks about the transaction, you also get a press story about government approvals, or the lack thereof.
Just today, China Daily had this:
China's Ministry of Commerce said Tuesday it has not received an application from Sichuan Tengzhong Heavy Industrial Machinery Co over their Hummer deal.
Ministry spokesman Yao Jian made the remarks at a press conference responding to media reports.
The MOC has had to respond to this same question several times now. They're probably getting rather frustrated. On the other hand, I originally assumed that MOC was the main approval authority on a deal like this as well. My earlier post(s) on this topic said as much, I believe.
Wrong. Wrong. Wrong.
(More)
© Stan for China Hearsay, 2009. |
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