Chinese gov’t shell firms buy cash-strapped companies for first time
Local government shell
companies in China bought into struggling privately run listed
firms for the first time last year, veering from their typical
remit of financing infrastructure projects to pump over $2
billion into cash-strapped businesses.
companies in China bought into struggling privately run listed
firms for the first time last year, veering from their typical
remit of financing infrastructure projects to pump over $2
billion into cash-strapped businesses.
Posted by Reuters
