Search
 

Raising Funds in China

As dollar slumps against renminbi, Merial looks to build a new factory. (Merial's Tan Hock-Kee in Shanghai)

By Dave Lindorff | Updated on November 02, 2011

Shanghai – Tan Hock-Kee, controller of China operations for multinational animal health company Merial Corp., shakes his head as he recounts the challenges of trying to raise funds in China. He began his career working in his native Malaysia, where any ethnic-Chinese-owned companies by law must hire a Malay executive, who may not have a real role to play, just in order to do business. But he says things have become stranger in China for foreign-owned companies like his own.

London-based Merial owns a factory in Nanchang, China, that makes animal vaccines, including a widely used vaccine for the domestic chicken industry. The product line is so successful that even running full-out, the factory cannot meet demand. Building a new plant will cost some U.S. $70 million, an amount about equal to the company’s annual sales in China. 

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.