Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Microsoft Investment in Sichuan Changhong Blocked
Dec 31, 2007
 Printable format
 Email this Article
 Search

China's securities regulator has blocked a deal under which Microsoft Corp. and other firms were to invest in Sichuan Changhong Electric Co.

In the middle of this year, Sichuan Changhong said it planned to place up to 400 million new shares with no more than 10 investors, to finance asset purchases.

Microsoft agreed to buy 15 million of the shares, paying 94 million yuan (approx. US$12.9 million) for a stake of nearly 1% in the company.

But the share placement did not receive approval from the China Securities Regulatory Commission. It was not known why the regulator did not approve the placement, but in the past it has sometimes withheld approval when a firm's share price has risen sharply since the announcement of a share sale, valuing the sale at prices well below the market.

The Chinese company had said earlier this year that in addition to the sale of a stake, Sichuan Changhong and Microsoft would cooperate in developing, making and marketing televisions, computers, and other digital home-entertainment products. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows