Answer the following questions
1 Who was against Coca-Cola's takeover of Huiyuan from the start?
a. Coca-Cola's CEO
b. Huiyuan's chairman
c. local mainland beverage makers
d. the Hong Kong government
2 What was the central government's official reason for blocking the takeover?
a. it didn't want a leading national company taken over by foreigners
b. local beverage companies wouldn't be able to compete
c. a US company can't buy a Chinese one
d. Huiyuan asked it to
3 Which government body made the decision to block the deal?
a. Foreign Ministry
b. National People's Congress
c. Environmental Protection Department
d. Ministry of Commerce
4 When did China introduce its anti-monopoly laws?
c. March, 2009
Match the following words with their meanings below
1 private equity
4 listed company
a. the purchase of one company by another
b. an investment in a non-listed company, usually exchanged for partial ownership of the company
c. a type of company whose shares are traded on a stock market, so that anyone can invest money in it; in exchange, the company must provide detailed reports of its business transactions
d. a unit of ownership in a company
e. love and pride for one's country
f. the policy of protecting local, home-grown companies from competition with international companies
1 How would the takeover have benefited both Coca-Cola and Huiyuan?
2 How does a monopoly harm consumers?
3 Do you believe the central government's reason for blocking the bid, that it violated anti-trust laws, or do you think there was more to it?
Answer on page 11 next Thursday