Canyon Bridge to file Lattice deal for CFIUS review for 3rd time
The Dollar Business Bureau China-backed buyout fund, Canyon Bridge Capital Partners LLC , which agreed to buy American manufacturing firm Lattice Semiconductor Corp for $1.3 billion in November, will submit the pact for review with the US for the third time, reported a leading international news agency on Sunday, citing sources familiar with the matter. The step comes as Canyon Bridge is seeking to get the approval for the deal from the Committee on Foreign Investment in the US (CFIUS), a government board that assess corporate acquisitions for possible national security risks. The standard review by CFIUS takes around 75 days. The deal was submitted by Canyon Bridge for review in January and again in March. The refilling for CFIUS review resets the ...
FDI: Not sufficient but necessary
Steven Philip Warner | The Dollar Business Deng Xiaoping – the name may simply sound “very Chinese” to most. Let’s make this simple – he literally invented Foreign Direct Investment (FDI) in a China immersed in ideologies freely distributed by the old Mao Zedong school of socio-politics and therein intoxicated with anti-Capitalist scriptures floated around during the great proletarian cultural revolution. In short, he reduced Chinese obsession with everything being Chinese from “root-to-fruit”, strictly in the industry sense. Xiaoping is today regarded as the economist-first-politician-second, who masterminded the ‘Made in China’ market weapon that the world is in awe of still, two long decades after he became ‘present’! India needs a Xiaoping – less by heart, more by mind. Left brainers won’t ...
Extension of TVoA scheme to enhance India-China tourism co-operation
The Dollar Business Bureau In a move towards enhancing tourism cooperation with China, the Government of India expressed its willingness to extend the Tourist Visa on Arrival (TVoA) scheme to China. The statement to this effect was made by Mahesh Sharma, Union Minister of Tourism, Government of India, on Wednesday. A six-member Chinese delegation led by Wang Zuoan, Minister of Religious Affairs of China, was in New Delhi on Wednesday, where they discussed the exchange of culture, among other issues, for enhanced cooperation with India. Welcoming the delegation, the Indian Minister said that India is keen to further its relation with China and is exploring the possibility of extending the TVoA scheme to China, in this background. Responding to the ...
