Spare a thought for Little Sheep. Executives from the Hong Kong-listed hotpot chain discovered on Wednesday that they will have to wait another 60 days for a verdict from China’s Ministry of Commerce on the proposed buy-out by Yum! Brands of Kentucky. Many investors are not hanging around until Christmas Eve: the shares tumbled to an 18 per cent discount to the HK$6.50-a-share offer made six months ago. For the world’s second-largest economy, this is not nearly good enough.
關注一下小肥羊(Little Sheep)吧！這家香港上市火鍋連鎖集團的高階主管們週三獲知，自己必須再等上60天，才能等來中國商務部對百勝餐飲集團(Yum! Brands)——也是肯德基(Kentucky)的母公司——收購小肥羊計劃的審批結果。許多投資者等不到聖誕前夜了：小肥羊股價暴跌，比6個月前百勝給出的每股6.50港元的出價低了18%。對於中國這個全球第二大經濟體來說，這種審批速度真是夠嗆。
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