Recent Examples of The Go Out Policy
The following list of M&A transactions performed by Chinese companies overseas are just some of the most notable examples of the successful implementation of the Go out policy:
- June 2009: Proposed purchase of Hummer by Sichuan Tengzhong Heavy Industrial Machinery Company
- February 2009: Chinalco injected $19.5bn cash into the Australian mining company Rio Tinto, increasing its stake from 9 per cent to 18 per cent
- February 2009: Minmetals unveiled a friendly A$2.6bn ($1.7bn) takeover offer for the Australian Oz Mineral
- September 2008: Zoomlion, controlled by the Hunan provincial government, bought a 60% stake in Compagnia Italiana Forme Acciaio, the Italian construction equipment & machinery company, with full takeover possible 3 years later
- May 2005: Lenovo bought IBM's personal computer division
Read more about this topic: Go Out Policy
Famous quotes containing the words examples and/or policy:
“It is hardly to be believed how spiritual reflections when mixed with a little physics can hold people’s attention and give them a livelier idea of God than do the often ill-applied examples of his wrath.”
—G.C. (Georg Christoph)
“’Tis our true policy to steer clear of permanent alliances with any portion of the foreign world.”
—George Washington (1732–1799)