Chinese business giant Macrolink decided on Tuesday to pull back from a deal that had been set up previously to purchase the Israeli company, “Clal”, a transaction that was estimated at one billion shekel.
Dr. Woo Tow, Vice President of Macrolink, notified Amit Lang, the Director of the Ministry of Finance, that due to abnormal regulatory demands that were presented to the company by the Israeli regulation authorities, the company decided to pull out of the deal.
The notice came during the Ministry’s official visit to China while taking part in an international investment conference. the conference was organized by the division for advancing international investment of the Finance Ministry.
Vice President Woo added that thus far Macrolink has been very impressed with the Ministry’s presentation and is looking is continuing to seek out investment opportunities in Israel, even if it is different fields. .