Decision delayed
Source: Agencies |
May 27, 2010, Thursday
|
Print Edition
Print Edition
AUSTRALIA has delayed a decision on whether to allow China's Bright Food Group to proceed with a A$1.75 billion (US$1.4 billion) offer to buy the sugar division of building materials producer CSR Ltd.
The Foreign Investment Review Board filed an order on May 19 to delay the decision for 90 days while it considers the Chinese food and retail firm's offer for CSR's Sucrogen division, which includes its sugar and renewable energy business. The order was published by the government yesterday.
In January, Shanghai-based Bright Food said the acquisition would benefit Australian sugar cane growers by providing a link to the rapidly expanding Chinese sugar and food markets.
The Foreign Investment Review Board filed an order on May 19 to delay the decision for 90 days while it considers the Chinese food and retail firm's offer for CSR's Sucrogen division, which includes its sugar and renewable energy business. The order was published by the government yesterday.
In January, Shanghai-based Bright Food said the acquisition would benefit Australian sugar cane growers by providing a link to the rapidly expanding Chinese sugar and food markets.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
