Call for M&As overseas to be treated fairly
Print Edition
CHINA yesterday called for objective and fair view of overseas mergers and acquisitions by Chinese companies and “a reasonable and transparent business environment for them.”
“Such normal business behavior should be granted fair treatment,” said Hong Lei, spokesman for the Ministry of Foreign Affairs, when asked to comment on overseas M&As by Chinese companies.
According to media report, Chinese appliance giant Midea moved a step closer to acquiring German industrial robotics firm Kuka by raising its stake to a near majority.
As the Chinese economy and companies grow in strength, overseas M&As have become an important sign of internationalization of Chinese companies, Hong said.
He added that the Chinese government will continue to create a good environment for overseas M&As by Chinese companies through bilateral mechanisms on investment and economic cooperation.
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