Italian luxury yacht-maker, listed in both Milan and Hong Kong. Weichai, a Chinese state-owned diesel-engine maker, bought out the sinking Ferretti in 2012; it now holds nearly 40% of the shares. KKCG, a Czech investment group founded by billionaire Karel Komarek, has built up the second-largest stake at around 23%. Ferretti wants to expand into the lucrative maritime-security sector, which raises concerns about Chinese state access to Western military technology. Italy's "golden power" law allows the state to intervene in deals involving strategic assets when a foreign firm's shareholding exceeds 40.4%, blocking Weichai from raising its stake. Ferretti's Weichai-appointed boss, Alberto Galassi, has surprisingly sided with KKCG.
Ambiguity: Telling the truth when you don't mean to.