July 15, 2009

Chinese Mergers & Deals for July 15, 2009

Via Reuters:


** China's Ministry of Commerce played down reports that it is at odds with the economic planning agency over a controversial deal for a little-known Chinese company to buy GM's Hummer unit.

** CNOOC, PTT PCL, ENI, and Osaka Gas are among companies that submitted indicative bids for a 20 to 35 percent stake in InterOil's liquefied natural gas project in Papua New Guinea, sources said.

** ZTE Corp said it had won 34 percent of China Mobile Communications Corp's third-round 3G network expansion tender.


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