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It is the latest move by a Chinese company to acquire makers of luxury products that are increasingly popular on the mainland.
The Shandong-based company plans to sign the deal next week at the earliest, the person added, declining to ...
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BY YVONNE LEE AND PRUDENCE HO
HONG KONG—Chinese state-owned Shandong He***y Industry Group Co. is in advanced talks to buy Italian luxury-yacht builder Ferretti Yachts, a person familiar with the situation said.
It is the latest move by a Chinese company to acquire makers of luxury products that are increasingly popular on the mainland.
The Shandong-based company plans to sign the deal next week at the earliest, the person added, declining to ...
Dow Jones Reprints: This copy i***or your personal, non-commercial use only. To order presentation-ready copie***or distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com
BY YVONNE LEE AND PRUDENCE HO
HONG KONG—Chinese state-owned Shandong He***y Industry Group Co. is in advanced talks to buy Italian luxury-yacht builder Ferretti Yachts, a person familiar with the situation said.
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