Obama to stop Chinese acquisition of Ace, the German side said the review is not affected

According to Xinhua news agency, the German economy ministry spokesman Wagner 3, said that although the United States President Obama signed 2 executive orders, the company acquired the German company Ace Chinese stop, but this will not affect the ongoing review of Germany, the German side will continue to "default conclusion" review of the acquisition.

Wagner said that the two sides are carried out by virtue of the two completely independent review, even if the United States on the review concluded, it will not have any impact on the German review.

According to reports, the U.S. Treasury Department said in a statement 2, Obama issued a presidential decree, ban China Fujian hongsin fund the acquisition of Ace and its strong branches in the United States, said the deal "may be a threat to U.S. National security". According to the statement, Obama's decision is based on an assessment of the U.S. Foreign Investment Committee in the United states.

Ace is a strong German semiconductor equipment suppliers, is currently operating losses due to mismanagement. In May this year, Chinese Fujian hongsin fund expressed interest in the acquisition of Ace, and issued a formal offer document at the end of July, the acquisition of approximately 670 million euros. The German government in September 8th approved the acquisition, after the acquisition of the solicitation of the end of October 21st, Fujian macro core fund to pay the amount of the day. In October 24th, Ace issued a statement saying that the company received a notice from the German Ministry of finance, the government has withdrawn the approval of the acquisition and decided to re-examine.

According to German media reports, the German government to withdraw the approval and review of the acquisition, because the United States to the security grounds "on the German side pressure.

Chinese Foreign Ministry spokesman 2, said the acquisition is a normal business mergers and acquisitions, should be implemented in accordance with the principles of business and market rules and grasp. China does not want the outside world to give too much political interpretation of the normal business activities, but should not be politically disturbed.

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