(Reuters) - Guofeng, established in 1984, has total assets of over 5 billion yuan and more than 5,000 staff. The company plans to grow into biofuel areas including biodiesel, according to its company Web site .
Blackstone became active in China this year after it opened its Hong Kong office in January and hired Antony Leung, who was financial secretary of Hong Kong from 2001 to 2003, as a senior managing director and chairman of Blackstone Greater China.
Read more at Reuters.com Mergers News
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