Case Study: Minority Acquisition of a Listed State-owned Enterprise in China
September 01, 2006 | BY
clpstaffListed state-owned enterprises (SOEs) present strategic foreign investors with attractive investment opportunities, as they seem to have a pricing advantage and better corporate governance compared with domestic private companies. However, what challenges are involved in acquiring a minority stake in a listed SOE?
By Toshiyuki Arai, Paul, Hastings, Janofsky & Walker LLP, Shanghai
Many state-owned enterprises (SOEs) in China are in dire need of modernizing manufacturing technology and corporate governance. Moreover, SOEs are