Growing up, spinning off
Article Abstract:
Telecommunications equipment maker Huawei Technologies Co. of China is looking to divest its power supply systems division to Emerson Electric Co. of the United States. It is unsure whether the Chinese government will agree to the sale because Huawei has a 30 percent share of the strategic Chinese telecommunications market. Huawei is trying to streamline its operations in order to become more competitive.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Lucent plan to sell plants falls through as Flextronics bails
Article Abstract:
Lucent Technologies Inc.'s planned production facilities sale to Flextronics International Ltd. has collapsed. The two firm could not agree on whether or not Flextronics would purchase existing inventories.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Headache for Goldman Sachs? Gitic failure may hurt bank's stake in insurer
Article Abstract:
The bankruptcy of Hong Kong-based Guangdong International Trust and Investment Corp (Gitic) has alarmed New York-based Goldman Sachs and Co. The New York investment firm possesses shares amounting to $50 million in a Shenzhen insurance firm managed by Gitic. Moreover, Gitic also administers a trust created for the share acquired by Goldman at the Ping An Insurance Co. Goldman officials are still worried despite assurances from the government that its interests at Gitic will be protected due to the vagueness and volatility of the legal system in China.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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