In the news: China investigates Crown for alleged gambling crimes, Sinochem and ChemChina deny M&A rumors and the State Council releases rules for debt-for-equity swaps
October 17, 2016 | BY
Katherine JoThis week, officials arrested 18 employees of the Australian casino operator, a reported megamerger prompted debate over China's SOE reform and investors flagged opportunities in the nation's new debt-for-equity scheme
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In a blow for casinos which set up China offices to lure high rollers, PRC authorities have detained 18 employees of Australian gaming and resorts company Crown Resorts. Crown said