Through expansion overseas, they aim to gain access to new distribution channels, international managers, brand recognition and technological expertise in global markets.

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The one thing SinoPac won't get, though, is exclusive access to ICBC's distribution channels in China, Mr. Chang said.

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If acquiring overseas companies to gain access to technology, marketing and distribution channels in international markets is such an attractive proposition, why has it taken so long for industrial firms in China to venture abroad?

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