ANNOUNCEMENT 07 Dec 2016

December 7th, 2016 - An announcement revealed an state investment into a Chinese firm.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

China International Marine Containers (Group) Ltd. official website, December 7th, 2016. (Advanced Manufacturing Fund (AMF) Invested in CIMC Offshore)
http://www.cimc.com/en/index.php?m=content&c=index&a=show&catid=17&id=1819

Inception date: 07 Dec 2016 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

On December 7th, 2016, an announcement on the official website of China International Marine Containers (Group) Ltd. (CIMC) revealed that USD 146.3m (CNY 1bn) had been invested into the firm from the coffer of the national 'Advanced Manufacturing Fund' ('先进制造业产业投资基金'), a fund jointly established by several government bodies in mid-2016 to invest into domestic firms - please see related measure for more info.

AFFECTED PRODUCTS

 
N/A