Ordinarily, the Ministry of Commerce would never have approved an acquisition like this.
Even a country that championed free trade could not possibly agree to let a foreign company borrow tens of billions of dollars from its banks, then use that money to acquire its own businesses.
If such an acquisition succeeded, it would mean an outflow of assets, including technology, talent, and market share, while the country's people gained nothing.
Not to mention that SubCom already held a monopoly in its industry. Anyone who approved its acquisition by an overseas company must have had their head kicked by a donkey.
However, the current circumstances were clearly anything but ordinary.
East Asia Communications' acquisition of SubCom could not simply be viewed as a business deal. It was a compromise reached after political maneuvering.
If the acquisition failed, SubCom lacked the technology and capability to lay quantum fiber-optic cables. Bankruptcy would be the only outcome awaiting it.
If the acquisition succeeded, however, not only would East Asia Communications' cables gain faster access to North America, but SubCom would also have a chance to participate in the global undersea quantum fiber-optic cable project.
Even if East Asia Communications was unlikely to transfer its undersea quantum fiber-optic cable technology to them, they could still purchase equipment from factories in Hua Nation and undertake the slightly lower-tier work of laying conduits...
Jinling High-Tech Park.
Starry Sky Technology headquarters.
After reading the report submitted by the investment management department's manager, Chen Yushan nodded in satisfaction, signed it, and casually set it aside.
"...I've got the basic picture. Let's proceed with this financing plan."
Starry Sky Technology held a thirty-percent stake in East Asia Communications. Although it did not interfere in the company's day-to-day operations, a financing deal of this magnitude required Starry Sky Technology's signed