Article

2007-08-03 China-Japan-Koreas

China loses $425 mil on Blackstone investment

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Posted by Anguper Hupomosing9418 2007-08-03 13:52|| || Front Page|| [7 views ] Top

#1 so there is a silver lining inside every dark cloud!

Posted by USN, Ret. 2007-08-03 14:53|| 2007-08-03 14:53|| Front Page Top

#2 some bloggers and postings in Internet chat rooms are bitterly questioning Beijings stock judgment

Geez, ya mean Commies might have problems figuring out how to play the market? No stock tips in that murderous fat pig's Little Red Book?

Posted by tu3031 2007-08-03 15:06|| 2007-08-03 15:06|| Front Page Top

#3 More nano-violins, please, Fred

Posted by Grinegum de Medici7263 2007-08-03 15:21|| 2007-08-03 15:21|| Front Page Top

#4 Since Blackstone went public on June 22, the companys shares have fallen steeply, pushing down the value of the Chinese governments investment by more than $425 million in just six weeks.

Expect heads to roll, literally, over this.

The Chinese government acquired its shares at a discount of just 4.5 percent to the initial offering price, or $29.605. In exchange, the government agreed that its shares would have no votes and could not be sold for at least four years.

So, the Mandarins have been sucked in like some country rubes on this one. Shows just how useful denouncing and eschewing capitalism really is. Now that they're finally trying to run a quasi-realistic economy, those communist shoes are beginning to pinch a little. Screw them and the rickshaw they rode in on.

Posted by Zenster">Zenster 2007-08-03 16:44|| 2007-08-03 16:44|| Front Page Top

#5 Boondoggles. Lot of money in Boondoggles...no selling for 4 years, and no hangings for 5?

Posted by Phinater Thraviger 2007-08-03 20:51|| 2007-08-03 20:51|| Front Page Top

#6 Repeats afta me.....Buy row, sell hi. Buy row, sell hi. Buy row, sell hi. Buy row, sell hi. Ok now, bend knee slightly, arms fowud, palms up!

Posted by Besoeker 2007-08-03 21:33|| 2007-08-03 21:33|| Front Page Top

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