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From: | "greg" <gregoire@paradise.net.nz> |
Date: | Mon, 9 Apr 2001 11:54:37 +1200 |
Ceejay
I don't see RBC as a barrier to a takeover of FFS
at all. Perhaps an easy way for a company to get a controlling stake in
FFS would be to takeover RBC, sell of some of its assets and use the capital to
increase its stake in FFS.
As for CITIC, they repeatedly refused to go to
arbitration over the CNIFP spat and one can only wonder why. Instead
they have been intent on pursuing the matter in court. Perhaps
its the way things are done in China - I don't know. I'll be
very interested to see if CITIC shows any interest in buying any of the CNIFP
assets that are now in the hands of the receivers. So far the only
party showing any interest at all is CAH.
Regards,
greg
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