Chinese Entrepreneur Confirms German Airport Purchase – Dai Yan
Pang Yuliang, an entrepreneur from Central China’s Henan Province and chairman of LinkGlobal Logistics Co, said yesterday he would officially acquire the Parchim Airport in northern Germany at a cost of 1 billion yuan (US$130 million) on July 5, making himself the first Chinese to buy a European airport.
Pang and the German unit will go through the takeover procedure in Germany on July 5, according to Pang. He declined to reveal any detail about the purchasing fund source, but noted he had submitted an application to the Ministry of Commerce for the acquisition….[Full Text]