Outsell founded in 2000 and which also exports teaproducts to the Americas Europe and Africa saw
Outsell, founded in 2000 and which also exports teaproducts to the Americas, Europe and Africa, saw its annualsales revenue reach 340 million yuan ($49.77 million) in 2008. Last month, Bain Capital, which focuses on bigger deals inWestern markets, agreed to take up to a quarter of shares ofGOME (0493.HK) [ID: nHKG89968]. In China, it is also biddingfor a minority stake in Landwind, a medical equipment makeralready partly owned by an investment arm of Citigroup Inc(C.N). [ID:nHKG116075] For related Asian private equity news, Reuters 3000 Xtrausers can double click on: [LEN-RTRS-ASIA-PVE] ($1=6.832 Yuan) (Additional reporting by Samuel Shen in SHANGHAI; Editing byValerie Lee) Stocks Mergers & Acquisitions Funds News ETFs News Private Capital China. LOS ANGELES (Hollywood Reporter) – PBS leads the pack for the 30th annual News & Documentary Emmy Awards, dominating the field with 41 nominations. TelevisionCBS is second with 23 noms, followed by ABC and HBO/Cinemax (13 each), National Geographic (12) and NBC (10).The hauls for cable news networks CNN and MSNBC are in the single digits, eight and two, respectively.
(Fox News doesn’t submit its programs for News Emmys, claiming bias against the conservative network on the part of the National Academy of Television Arts & Sciences’ members.)The winners in 33 categories will be announced September 21 in New York, where Barbara Walters will be honored with a lifetime achievement award. CNN Prods., the documentary unit of CNN, is slated to receive the President’s Prize.Last year, PBS took home 10 of the 33 News & Documentary Emmys. — Wei Gu is a Reuters columnist. The opinions expressed areher own — Stocks | Bonds | Funds News | ETFs News | China By Wei Gu HONG KONG, July 15 (Reuters) – China Investment Corp’srecent $1.5 billion investment in Canadian miner Teck Resources(TCKb.TO) has not led to any backlash in China, but the publicmight be less happy if they read the fine print of the Teckannouncement. China’s sovereign wealth fund has signed a highlyrestrictive agreement which seems designed to ensure that it isseen as a harmless financial investor in resource-rich Canada.Good news for Teck, perhaps, in that the deal spares the boardfrom having to go back to its own investors for funds But lessso for CIC.
For starters, CIC gets no representation on Teck’s boarddespite buying an economic interest of 17 per cent in thecompany. The shares it is buying are vote-restricted B shares.Moreover, CIC has agreed to a minimum hold period of 12 months,which is three times as long as a standard private placement.This restriction means CIC cannot sell the shares or threatento dump Teck stock even if the price slumps. The deal also restricts CIC’s ability to sell its holdingsto any mining or metals company, or to a material customer ofTeck — most of them are naturally located in China So it canonly exit by placing the stock. What’s more it is hard to argue that CIC even got ascreamingly good deal. It bought the shares at a mere sevenpercent discount to the market price. And that despite the factthat CIC was in effect throwing a lifeline to Teck, which hadrun up excessive debts after purchasing Fording Coal last year. Moreover, thanks to the lengthy negotiations that attendedthe deal, Teck’s price has sharply recovered.

