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Question 15
15. China Telecommunication Company (CTC), a Chinese state-owned enterprise,
sought to acquire 40% equity in Duon Telecommunication Corporation (DTC),
a telecommunications company in the Philippines. When questioned by the two
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major telecommunication companies in the Philippines, Cheng, the president of
DTC, defended the proposed acquisition by saying that CTC is allowed to own
40% equity pursuant to the nationality requirement under the 1987 Constitution.
Is the argument of Cheng correct? Discuss your answer.
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