China Alert – The WFOE conversion calculation

  • China joint venture, mutual fund, WFOE
The WFOE conversion calculation  Several WFOEs have their eyes firmly on a mutual fund license. Existing joint ventures complicate the matter for some. Early preparations are in place but work still needs to be done to ensure a successful transition. Please note that full versions of our China Alerts are for clients only, if you […]
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China Alert – The price for (2%) control requires a 33% premium

  • china fund, China joint venture, Fund Management, majority-control
The price for (2%) control requires a 33% premium   Details of the closely followed equity auction of China International are now public, valuing the company at USD1.8bn. On a relative valuation basis, the deal looks rather rich, whether including or excluding the premium for control. Although it is just a single reference point, global […]
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China Alert – China joint venture 2.0

  • China joint venture, China joint venture 2.0
China joint venture 2.0 Two new greenfield ventures demonstrate that foreign players are taking starkly different approaches to the onshore business. Established relationships and elastic shareholding structures should aid both as market opening progresses. New partner selection won’t be so smooth for current fund JVs. Please note that full versions of our China Alerts are […]
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