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Mergers & Acquisitions

Guotai Junan Securities and Haitong Securities announced the details of their merger plan on Friday. Photo: Shutterstock

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

China Mobile in talks to buy broadband service provider HKBN

Germany’s BioNTech buys Biotheus in US$800 million push into cancer drugs

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

In Hong Kong, a SPAC needs to raise at least HK$1 billion. Photo: Winson Wong

Oppo enters tech pact with top EV maker BYD, acquires AI start-up

The latest initiatives by Oppo show its ambition to diversify and expand its business beyond the smartphone industry.

Qualcomm’s bid to buy Intel hinges on US election, China scrutiny

Qualcomm, which has made informal inquiries with Chinese regulators, could wait until January to make a decision, sources say.

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Singapore blocks Income’s deal with Allianz amid ‘structure, terms’ concerns

Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.

The Singapore government has stepped in to stop a proposed acquisition worth S$2.2 billion (US$1.68 billion) by German insurance giant Allianz of the city state’s home-grown Income Insurance. Photo: Shutterstock

Air India faces growth challenges as Ratan Tata’s death highlights legacy issues

The flag carrier has placed huge orders to expand its fleet and is in the process of merging with full-service airline Vistara.

China Renaissance names missing founder’s wife to chair investment bank

Hui Yin-ching, also known as Xu Yanqing, was designated as the chairperson of the bank’s board and executive director effective October 9, Renaissance said.

Exclusive | Dubai’s DP World eyes mainland China market with Hong Kong acquisition

The UAE ports firm aims to leverage its acquisition of Cargo Services Far East to enhance logistics, connect Chinese products globally and expand in Africa.

DP World chairman and CEO Sultan Ahmed Bin Sulayem wants to deepen business ties in China. Photo: Edmond So

Assassin’s Creed publisher Ubisoft reviews ‘options’ amid Tencent buyout report

France’s largest video gaming firm, which has long been seen as a takeover target, declined to comment on Tencent’s reported buyout interest.

Ubisoft Entertainment has lost half of its stock-market value over the past 12 months, owing to product delays and the underperformance of some video game titles. Photo: Shutterstock

Japanese hotels a magnet for Hong Kong investors to diversify, mitigate risks

Japan’s low interest rates and booming tourism are attracting investors like the Chiu family and Dorsett Hospitality International.

Tencent, Guillemot family said to eye buyout of French video gaming firm Ubisoft

Shares of Ubisoft, in which Tencent has a direct stake, have fallen about 40 per cent this year amid weaker-than-expected sales.

China’s JCET buys Shanghai plant of US flash memory maker SanDisk

The US$624 million deal is expected to enlarge JCET’s share in China’s data storage market.

JCET has taken over the Shanghai plant of SanDisk. Photo: Shutterstock Images

Intel rebuffs Arm after British firm asked to buy US chip maker’s product unit

In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations.

Intel, once the world’s largest chip maker, has become the target of takeover speculation since a rapid deterioration of its business this year. Photo: Shutterstock

Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

Chinese regulator urges listed firms to revamp assets, boost market value

CSRC details policies including fast-track approval for M&A activity by large firms as it looks to burnish the stock market’s appeal.

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China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier.

Club Med’s Kiroro Peak resort, located in Hokkaido, Japan. Photo: Club Med

PwC invests in ‘high quality’ business to survive in China after fine

PwC Zhong Tian was hit with a six-month suspension and a fine of 441 million yuan on Friday over the firm’s audit of failed property developer China Evergrande Group.

UK watchdog shows Vodafone-Three merger a path forward despite concerns

Vodafone’s US$19.7 billion deal for the network owned by Li Ka-shing’s CK Hutchison Holdings would create the UK’s largest carrier.

US private-equity firm invests in Chinese-owned personal care brand Stenders

Investment firm says now is a good time to lean into China’s consumer sector amid lower competition and valuations.

An assortment of Stenders bath bombs. Photo: Handout

China’s top state-backed brokers are merging to take on Wall Street

State-backed brokerages Guotai Junan and Haitong Securities are merging to create a firm with US$237 billion in assets to rival Wall Street.

A Beijing branch of Guotai Junan Securities. Photo: Shutterstock

Biden close to blocking Nippon Steel deal to buy US Steel, insiders say

US Steel warns that a failure of the US$14.9 billion acquisition will put thousands of American union jobs at risk.

Alibaba-backed e-wallet operator buys Ant Bank Macao

The acquisition makes Ant Bank Macao an indirect subsidiary of AGTech, while Ant Group remains the bank’s second-largest shareholder.

CSC Holdings to buy stake in Philippine bank for US$13 million

Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, will buy a stake in CS Bank of the Philippines for US$13 million.

City Savings Bank of the Philippines is a thrift bank. Photo: UnionBank

Melco chairman’s Black Spade Capital lists second SPAC on Nasdaq

Black Spade Acquisition II will use the IPO proceeds to combine with targets in the entertainment, lifestyle and technology industries, particularly those related to AI.

The family office of Melco chairman Lawrence Ho Yau-lung listed its second SPAC on Nasdaq on Wednesday. Photo: Bloomberg

Guosen plans to buy Vanho, heeding China’s call to combine brokers

Shenzhen’s regulator of state-owned assets pushes move under Beijing’s effort to create bigger firms to compete with global leaders.

Why 7-Eleven owner’s buyout would be a watershed moment for Japanese takeovers

Any attempt to acquire a well-known Japanese business would have been dismissed as audacious and unlikely, but the tide may be turning as new corporate guidelines inject more vigour into corporate Japan.

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Mergers & Acquisitions
The latest news, analysis and opinion on Mergers & Acquisitions. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
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