2010-12-08 09:46

China's Ministry of Commerce said it has not received an application from Chinese group Xinmao for a proposed $1 billion euro ($1.3 billion) bid for Dutch cable maker Draka, but said it supports overseas investments by Chinese companies.

The ministry issued the statement on Dec 7, the first from China's central government on the surprise bid by the obscure Chinese company, in reponse to a Reuters query from last week.

Previously, a Tianjin government official had said that the local government "wholeheartedly supports" Xinmao's bid for Draka.