Sunday, May 3, 2009
Posted by D. Daniel Sokol
While I was busy at the Loyola Antitrust conference on Friday, I discovered via Paul Jones that MOFCOM has exerted jurisdiction for the merger between two SOEs.
As Paul explains:
On Friday, May 1, 2009 (which is a major public holiday in China) stories started to appear on an interview given by MOFCOM officials stating that the merger of two state-owned enterprises, China Unicom Co., Ltd. and China Network Communication Group Corporation on October 15, 2008 was illegal because it was not notified to MOFCOM.
News Report (in Chinese): http://tech.163.com/09/0501/10/587JON9U000915BE.html