Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Sinochem Talks With Temasek About Potash

E-mail Print PDF

percent September 8, 210 (Chinavestor) Sinochem International (SHA:600500), China's largest chemicals trader, has reportedly initiated talks with Singapore's sovereign wealth fund, Temasek, about making a joint bid for Potash Corp. of Saskatchewan (NYSE:POT), the world's largest fertilizer producer. Sources familiar with the matter said Sincohem (SHA:600500) has in fact approached Temasek, but that the fund has yet to make an official decision.

Temasek involvement might help Sinochem (SHA:600500) overcome potential political opposition in Canada to a Chinese-led bid for Potash (NYSE:POT), according to the Financial Times. Analysts have speculated that Canada's government will be reluctant to let a Chinese company acquire Potash (NYSE:POT).

Temasek, which manages $138 billion in assets, does hold some stakes in U.S.-listed firms, including Chesapeake Energy (NYSE:CHK). The Chinese government has reportedly urged Chinese companies to launch competing bids to BHP Billiton's (NYSE:BHP) $38.6 billion offer for Potash (NYSE:POT), but no official offer has been announced as of yet.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!