This entry was posted on 6/8/2009 9:05 AM and is filed under uncategorized.
This type of thing happens every day. According to the following article
no one knows why Mr. Huang was arrested. Why does Bain think that the Chinese
will protect their investment if no one protected Mr. Huang? Of course Mr.
Huang was just some Chinese guy and he probably did something wrong. I am sure
that nothing will happen to a bunch or American investors from Boston. Unlike
Mr. Huang's investment, theirs will be perfectly safe. Sure. And I have some
triple A rated mortgage backed securities to sell you.
Bain in
$630m boost for Gome
By Sundeep Tucker and Tom Mitchell in Hong Kong, Financial
Times, June 7, 2009
Bain Capital, the US private equity group is understood to
have agreed to make a strategic investment of up to $630m in Gome Electrical Appliances, a leading Chinese
retailer
Gome was founded by Mr Huang , who was detained by mainland authorities
as part of an investigation into alleged share manipulation and illegal
trading. His whereabouts remain unknown.