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Kunpeng Asia, Zhejiang New Century Hotel deal published by China's SAMR for simple case review

( July 27, 2021, 01:46 GMT | Official Statement) -- MLex Summary: The proposed acquisition by investment firm Kunpeng Asia of a 13.43 percent stake in Zhejiang New Century Hotel Management has been published for a simple case review by the Antimonopoly Bureau of China’s State Administration for Market Regulation. Kunpeng will own a combined 42.35 percent stake in the target firm after the transaction. The period for public comment runs through Aug. 4.The statement follows and the notification form is attached....

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