Greater China
CNOOC puts off takeover of Nexen
Beijing: The takeover of Canadian energy giant Nexen by China National Offshore Oil Corporation (CNOOC) has been postponed. It was expected to be the largest overseas merger by a Chinese firm ever.
The two parties are still waiting for approval from US authorities. The closing date of the takeover will be extended from January to 2 March this year. [30/01/13]