Seifi Ghasemi, Chairman, President and CEO of Tier One player Air Products, has paid a visit to Yingde Gases Group Company Limited as plans to acquire the Chinese outfit heat up.
The Air Products leader met with certain Board members and senior management, including current Chairman, Executive Director and substantial company shareholder Zhao Xiangti, in a meeting in Hong Kong on the 8th February.
According to a statement by Yingde, the meeting was held to discuss the arrangement of a due diligence process in respect to the industrial gas giant’s takeover offer.
Yingde vaguely warned that the takeover bid may or may not be successful and that an update would be made in due course.
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