China Financial Daily

April 28, 2011

Yum’s acquisition of Little Sheep needs to pass the anti-monopoly review

Filed under: Financial News — Tags: — sherry @ 6:42 am -0700

Yum’s acquisition of Little Sheep needs to pass the anti-monopoly review
For the majority of Little Sheep’s share, Yum has started the inital negotiation with Little Sheep Company. Yum made a preliminary discussion with Zhang Gang, the Little Sheep founder. However, at this stage, there is no formal offer. At present, Yum did not disclose the specific terms of the acquisition.

littleYum brought shares of the Little Sheep in March 2009 , until the October 2009, its total holdings was increased to 280 million shares , and became the second largest shareholder , which accounted for 27.2% shares . However, the industry often came out the news that Yum wanted to further control the holdings of the Little Sheep.

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Anhui Electric Power gives officer’s cars for 300 cadres who can apply for reimbursement from company

Filed under: Financial News — Tags: — sherry @ 6:31 am -0700

Anhui Electric Power gives officer’s cars for 300 cadres who can apply for reimbursement from company
Anhui Electric Power Company in recent years uses the name of the ” vehicles reform” to equip service cars for about 300 cadres with deputy division level. However, the standard has gradually increased from year to year. At the initial stage, there were Chery Automobile; now there are FAW MAGOTAN and Passat with 200 thousand RMB. Moreover, the company is responsible for the procedures and fees of all vehicles . Anhui Electric Power leaders believe that the “vehicle reform” reduces the management costs , but many ordinary workers believe that this is abuse of power and disguise the occupation of state-owned assets.

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April 27, 2011

Real estate tax trials in Chongqing and Shanghai have been implemented for three months, but house prices are still strong

Filed under: Financial News — Tags: — sherry @ 11:19 pm -0700

Real estate tax trials in Chongqing Shanghai have been implemented for three months, but house prices are still strong
January 28 this year , Shanghai and Chongqing officially launched the pilot for property taxes, until today they have operated for three months. In the real estate tax and under the influence of a series of control measures , Shanghai and Chongqing ’s property market turnovers are in the doldrums of two cities , in particular, the property taxes brought the impact to large high-end real estate , but housing prices in these cities are still strong, so there is no significant decline. Therefore, property taxes for the property market regulation does not have an immediate effect.
However, whether the real estate tax expands the scope of the experiment or not, it is unknown. Beijing, Shenzhen , Hangzhou, Kunming and other cities also claimed that there was no property tax plan.

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