Chinese entrepreneurs successful mergers and acquisitions of U.S. listed company: On December 12th 2012, Mr. Gao Xiaohua, an entrepreneur from Shenzhen, China, successfully acquired Global Holdings Group, a United States listed company. After the acquisition, Global Holdings Group will globally expand into the mining, oil and large supermarket development. With the rise of the China economy, a large number of Chinese entrepreneurs have firmly seized the opportunities of common development of China and the USA to take full advantage of the international capital platform that can be directly integrated into the international economy. Global Holdings Group has signed the acquisition agreement of intent with WCM Business Center, regarding a shopping mall with a 120,000 square foot area, valued at $20 million. Mr. Gao Xiaohua joined WCM as a director. After several rounds of negotiations, Global Holdings Group also reached a merger agreement with a Bakersfield oil company in California. Global Holdings Group will acquire the oil company with a more than $800 million in value of assets. Global Holdings Group will also discuss the development of mining, oil, and other issues, in South America and Africa; and the development of mining and energy projects in Indonesia and Ecuador. Through international capital strength, Global Holdings Group will build a large multinational company of minerals, petroleum and other industries. Source: wcm777/en/news/2012121201.html
Posted on: Sat, 31 Aug 2013 13:53:13 +0000
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