The limited lexicon for hostile deals in China has acquired a new phrase: put up or shut up. Hong Kong regulators will not grant ENN Energy and Sinopec, the suitors, much longer for their eight-months-and-counting offer for China Gas. Hurrah for that. Some deals are complex. The only thing worthy of that tag in this one – the first hostile bid by a state-owned enterprise for a private Chinese company – is the manner in which it has limped on.
描繪發生在中國的敵意收購的有限辭彙增加了一個新短語:要麼發出正式收購要約,要麼就收手(put up or shut up)。新奧能源(ENN Energy)和中石化(Sinopec)對中國燃氣(China Gas)的收購案迄今已歷時8個月並且還將持續下去,但香港監管機構不會再准許這對聯合求婚者延長實施收購的期限了。這讓人叫好。有些收購交易很複雜。這稱得上是中國第一起國企對民營公司展開敵意收購的案例,但其唯一能配得上這個稱號的地方卻是它的一拖再拖。