However, a new law would welcome foreign and private capital in the energy sector, allow private money to take majority stakes in oil projects, set competitive tax rates and create a new regulatory agency to oversee“efficient technical administration” of hydrocarbon deposits.
According to the basic agreement, Fujifilm and Anicom will establish a joint venture for developing and providing cutting-edge veterinary technologies and services with the focus on regenerative medicine(Capital ratio: Fujifilm at 51% and Anicom at 49%).
After this investment, SOFTBANK's total investment ratio will be 19.04%, and assuming all available options granted to SOFTBANK to acquire additional shares are exercised by July 2011, SOFTBANK's total investment is expected to be approximately USD 75 million(investment ratio expected over 30%) and will result in SOFTBANK becoming Ustream's top shareholder.
The fact remains that, while China has been benefiting from the free trade system, it has preserved unfair economic practices, including forced technology transfer when a foreign company enters the Chinese market, regulations on investment ratios by the sector, restrictions on foreign companies' entry into the Chinese market, violation of intellectual property rights, and the granting of subsidies, all of which distort the free market.
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