CDIB & Partners would respond to the tender offer.
Echoing the public concerns over the dominance of the nation's financial
resources by a few rich families, lawmakers yesterday said they will bring
up motions today to ban China Development from making any mergers and
acquisitions before Koo boosts his shareholding to the required 15 percent.
In addition, lawmakers said they will work to restrict government-appointed
board directors from supporting any hostile takeover bids by the financial
holding firm.
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