May 12, 2010
On May 10, China's State-owned Assets Supervision and Administration Commission (SASAC) issued a notice stating that SASAC will carry out an inspection of mergers between state-owned enterprises and public companies, and will investigate and conduct analysis into the effectiveness of regulatory management systems and compliance with procedures currently in place for such mergers.
Responding to recent comments by China's General Administration of Press and Publication (GAPP) that high prices for e-reader devices alienate some customers, chairman Liu Yingjian of e-reader device maker Hanvon (002362.SZ) said yesterday that, while in the short term, only e-reader content could realistically be made available for free, e-reader devices could be made freely available within five years, provided a large-scale increase in the value of digital content.
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