State-owned Shenyang Machine Tool Group (Shenyang, Liaoning Province, China) will offer some of its shares to outside investors, the company announced late last month. Just days after the company held a formal offening conference in a downtown Shanghai hotel, financial press reports estimated that as many as one hundred domestic and foreign institutions are showing interest. The reports specifically mention Goldman Sachs and Morgan Stanley, among others. Foreign investment, however, will be limited to 30 percent, and the total amount of non-government investment is to be capped at 49 percent.
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