China Tells

Australia government has approved a takeover proposal from China’s State owned Yanzhou Coal to invest $3.2 Billion in its coal mining company Felix (See Article from Telegraph). This is an encouraging piece of news to China’s State owned enterprises who have been eager to take stakes in Australia mining and resource companies. The dilemma for China’s big SOEs is that they find it difficult to acquire oversea resource companies even if they have the cash and are willing to buy (See Article from Chinatells). The takeover battle on Rio Tinto, for example, has aroused battling rounds of intention, rejection, re-intention and re-rejection. The takeover of Felix also went through two rounds of resubmission and comes with strict conditions, but at least it is a step forward despite the pace.

澳大利亚政府近日批准了兖州煤矿对Felix公司的收购。兖州煤矿将斥资320亿美元拿下Felix的控制权，这样对于兖州煤矿以后的原材料供应也多了一份把握。现在中国的国有企业有钱程度令人晕眩，几十亿的美金简直不在话下，颇有挥金如土的感觉。毕竟美元的价值每况愈下，快跟厕所手纸差不多了，不早点用掉更待何时。