What do you get when you cross three conglomerates? Answer: a bigger conglomerate. And no, that’s not funny. Yesterday, Hong Kong-listed Citic Limited, a Chinese state-owned enterprise, announced the sale of a fifth of itself. The stake, made up of old and new shares, will be priced at HK$13.80 per share, or more than $10bn. The buyer, CT Bright, is a joint venture of Tokyo-listed conglomerate Itochu and Thailand’s privately owned Charoen Pokphand Group. Each company owns half of the joint venture, and the two have small stakes in each other.
当你将三家企业集团搅合在一起的时候，你会得到什么？答案是，一家更大的企业集