Fri, Jul 06, 2007 - Page 12 News List

Insider-trading probe shakes Fu Sheng stock

BUYOUT CONCERNS The financial regulator said that the probe should not affect government review of a foreign private equity firm's bid to buy Fu Sheng

By Lisa Wang and amber chung  /  STAFF REPORTERS

"Whether or not the company would relist in the local exchange is a decisive factor in the government's review of buyout applications by private equity firms, especially when the targeted companies are heavyweight players in the local market," Chang said.

The financial watchdog said Fu Sheng had visited the commission recently and said the company did not rule out relisting in the domestic exchange.

After all, the private equity buyers that pursue investment returns need a way to take their money back, Chang said.

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