Previously, there was news that Yahoo will join the former vice president of Alibaba Lu Qi, as this has not been officially confirmed. Recently, the China Chemical Industry and the U.S. Blackstone Group, the formal completion of a joint venture project delivery. China Chemical Industry, one of 8 major professional Bluestar Corporation will be restructured into a joint reorganization Co., Ltd., Blackstone Group invested 600 million U.S. dollars up to 20% of the shares held. The newly established China National Bluestar Corporation has completed the registration. China Chemical Industry and Blackstone Groups cooperation is central to non-listed companies to introduce strategic investors, the first approach, the relevant departments attach great importance to this joint venture. Blackstone Group in the current turmoil in global capital markets environment, based upon the terms of the agreement before the completion of investment, the investment proved the value of Bluestar. Ren Jianxin, general manager of the Group in the evaluation of the transaction, said: "We have always maintained a respectable Blackstone fund, in the current global capital markets are facing a grim situation, the two sides in accordance with the contract, complete the delivery, that Blackstone is a strength, credit, responsible company. "
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