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GOLDMAN HOLDS HAISHENG STAKE

The leading foreign investor in the Chinese company embroiled in a legal spat with Morgan Stanley over derivatives is Goldman Sachs, the US investment bank's arch rival.

Morgan Stanley and China Haisheng Juice Holdings are battling in English and Chinese courts over a disputed hedging contract.

The case is the most public example to date of the stand-off between foreign investment banks and mainland companies over derivatives deals, which has resulted in a collapse in such structured product deals in China this year.

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