virtualreview

china: news and opinion

'Phantom Shares' Plan Haunts CICC

Fresh details about China International Capital's "phantom share" program illustrate the complications it poses for potential buyers of Morgan Stanley's stake in the Chinese investment bank. ...full story at WSJ

from WSJ on Thu, Nov 19 2009

see also:

24 Oct 08 visit The Phantom of the Opera - Ralynne Riggs  »  YouTube videoThis is The Phantom of the Opera medley performed in the BYU Young Ambassador's "Broadway Rhythmn" show in Beijing, China May, 2007. Phantom- Mark Boothe Raul- Cy Wood Christine- Ralynne Riggs Includes: Phantom of the Opera, Music of the Night, and All I...
03 Jun 09 visit CIC increases its stake in US bank  »  People's Daily China Investment Corp (CIC), the nation's $200 billion sovereign wealth fund, plans to spend $1.2 billion on buying 44.7 million shares of common stock in Morgan Stanley. Morgan Stanley, the sixth-largest US bank by assets, said last night it was...
18 Nov 08 visit Today's Links: Bank purchases, minimum wage freezes and Hu's on Cuba  »  Shanghaiist The Bank of America, fresh off its purchase of Merrill Lynch, doubled its investment in the China Construction Bank Tuesday, raising it stake from 10.8% to 19.13% by buying $7 billion worth of shares from Chinese government. [Bloomberg]In keeping with the...
23 Dec 07 visit CIC gives reference price for Morgan Stanley share purchase  »  People's Daily China Investment Corp. (CIC) said on Saturday the reference price for its stake in U.S.-based Morgan Stanley was fixed to range from 48.07 to 57.684 U.S. dollars per share. China's state-owned forex investment firm reached an agree ...
03 Jun 09 visit CIC Dips a Billion-Dollar Toe Back In U.S. Water  »  China Journal China Investment Corp.'s purchase of an additional $1.2 billion stake in Morgan Stanley is the Chinese sovereign wealth fund's first big public investment in a western bank since the global financial crisis worsened early last year.
14 Feb 08 visit China's CITIC, Bear Sterns plan to increase stake in each other  »  People's Daily U.S. investment bank Bear Sterns and CITIC Securities, China's largest securities firm, are to revise a share swap agreement, increasing the stake in each other, according to sources close to the deal. Ongoing talks are now focused ...

« Today's Stories