Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Midea Sees Fundraising Plan Vetoed
Adjust font size:

On August 30, Chinese electric appliance producer Midea Group announced that the China Securities Regulatory Commission (CSRC) had vetoed its plan to raise funds via a non-public offering to a holding company of prestigious investment bank Goldman Sachs.


The veto comes nine months after Midea submitted its plan to CSRC for approval. A source attributed the rejection to the fluctuation of Midea's share prices during that period.


The source also revealed that last year great controversies arose from Chinese listed company’s fundraising practices and that the CSRC took this into account in making this decision.

For more details, please read the full story in Chinese. (


( August 30 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Midea Going Abroad for Production
- Midea to Sell Small Electrics Business
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号