The Hidden Risks in China’s Leapfrog Overseas Acquisitions.docVIP

The Hidden Risks in China?s Leapfrog Overseas Acquisitions IT reads like a love story. “After 18 years of unrequited love, we?re finally together, having formed a union in only half a month of courtship,” said Xiang Wenbo. But Xiang is no Romeo. He?s a businessman, and he made the above quote in his capacity as president of China?s SANY Heavy Industry. Xiang waxed lyrical with regards to the group?s successful acquisition of Germany-based Putzmeister, a leading global concrete machinery manufacturer, last April. “You could say I?ve been longing for her [Putzmeister] for 18 years,” he said