According to a report in the South China Morning Post, the Ministry of Commerce is blocking a US$252m-bid for meat processor Shineway Group led by Goldman Sachs. The Ministry’s approval is needed before a deal can close.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


“It’s a very complicated issue and I’m unable to give specifics,” a ministry spokeswoman was quoted as saying by the Hong Kong daily.


Rotary Vortex, the fund attempting to acquire Shineway, took a majority stake in Shineway in April this year.


As China considers its position on foreign investment, foreign acquisitions of leading Chinese firms have come under increasing scrutiny.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now