Deals
Cedar Who? When Obscure Chinese Buyers Eye Famous Targets
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When it comes to obscure Chinese companies pouncing on high-profile foreign targets, Noble Group Ltd. suitor Cedar Holdings can point to a long line of illustrious predecessors.
Take the example of Anbang Insurance Group Co., which was a company best known for its fledgling auto insurance business when it came out of nowhere to acquire New York’s Waldorf Astoria hotel in 2014. Or the Chinese peroxide producer that bought the developer of the Talking Tom app which features a talking digital cat.