All transactions engaged in by Baishanlin should be reviewed before any takeover by a new firm and the investment agreement should not automatically be allocated to the successor company, attorney Christopher Ram says.
“We need to review all transactions before any takeover by a new company,” he declared. Recently, Stabroek News reported that the Long Jiang Forest Industries Group, a Chinese state-owned company had acquired 55 per cent of the shares in Baishanlin and intends to fully take over the company this year.
Minister of State Joseph Harmon made this disclosure following a controversial trip to China during which he was photographed with officials of Baishanlin in a private jet. In attempting to explain, Harmon had said that
