The application has been lodged with the Chinese Ministry of Commerce for approval under the anti-monopoly law.
The 200-day period to gain regulatory approval, which was agreed between the two parties, will end on March 23, 2009. The release only described the approval process as ôprogressingö.
The purchase of a strong domestic brand by one of the worldÆs most omnipresent multinationals has proved controversial. Zhu Xinli, the entrepreneur and 41%-stakeholder behind...
¬ Haymarket Media Limited. All rights reserved.
