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Lloyd-Webber's company said its offshore subsidiary was dormant.
The owners of bonds issued by one offshore subsidiary received about 20 cents on the dollar.
All but two of the firms in the FTSE 100 have at least one offshore subsidiary.
Regulators have informally agreed not to object if Tengzhong makes the purchase through an offshore subsidiary, said another person knowledgeable about the transaction.
Parmalat had described cash holdings in an offshore subsidiary and claimed to have used "excess cash balances" to buy back $3.6 billion of corporate debt, the S.E.C. said.
Northern Rock – bailed out by the taxpayer with £27bn of taxpayers' money – has an offshore subsidiary in Guernsey that has seen deposits almost double to £2bn since the bank was nationalised.
Similar(48)
There was offshore drilling off every shore and offshore subsidiaries on every corner.
It also imposes lower-than-average taxes on offshore subsidiaries technically controlled from its shores, including those in tax havens.
Many of the bonds are issued through offshore subsidiaries in low-tax jurisdictions such as the Cayman Islands.
An investigation by tax officials revealed thousands of secret accounts, many in the offshore subsidiaries of UK high street banks.
Some of the transactions carried out by these offshore subsidiaries appear to have little or no economic substance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com