Yet, another reason Junior has to be nice to that Butcher, Hu!
Let him make nice on his own time, for money. He should not be prostituting the whole damn counrty along with his soul.
Impeach him, Now!
Carlyle Group to be biggest-ever foreign investor in China SOE: "
Apr. 18, 2006 (China Knowledge) : American private equity firm Carlyle Group has just received permission to acquire 85% of Xugong Construction Machinery Group Inc., China's largest construction machinery company by revenue.
Carlyle Group will pay US$375 million for the purchase, following the authorization from China's Ministry of Commerce (MOFCOM), to make it the biggest-ever acquisition by a foreign investor of a controlling stake in a leading State-owned enterprise (SOE).
The deal was announced some six months ago but the MOFCOM and the National Development and Reform Commission (NDRC) have been stalling the decision-making since January.
The sale of the company was kicked off by Xugong's controlling shareholder, the Xuzhou municipal government, in early 2003. "
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