Technology, Economics and Politics in Greater China
Monday, December 1, 2008
Roadblocks to a Belling-ASMC merger
Reports of Belling taking over ASMC (link) appear to have been greatly exaggerated. The problem with such a merger Shanghai industry insiders tell me is that vested interests in both firms are opposed to it because some of them would lose their jobs. Thus, despite some cross-shareholding, the envisioned merger will be hard to carry out.