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Mergers & Acquisitions

An aerial view of a container port in Qingdao in east China’s Shandong province on June 6, 2024. Photo: AP

Banking & finance

Chinese M&A activity seen rising amid Trump tariff threat

‘More tariffs may mean that the globalisation of Chinese companies is going to get faster,’ Deloitte analyst says.

25 Nov 2024 - 6:00AM

China stock market

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

22 Nov 2024 - 4:13PM

China Mobile in talks to buy broadband service provider HKBN

20 Nov 2024 - 4:50PM

Biomedicine: Companies

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

BioNTech says deal will support its push into the development of cancer drugs using its proven mRNA technology.

14 Nov 2024 - 11:57AM

Ugur Sahin, CEO and co-founder of BioNTech. Photo: Reuters

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.

28 Oct 2024 - 4:00PM

China technology

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.

23 Oct 2024 - 7:30PM

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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.

16 Oct 2024 - 11:45AM

The Qualcomm headquarters in San Diego, California. Photo: The San Diego Union-Tribune/TNS

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.

15 Oct 2024 - 10:05AM

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.

14 Oct 2024 - 12:44PM

Banking & finance

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.

10 Oct 2024 - 4:21PM

China Renaissance’s founder Bao Fan and his wife Hui Yin-ching during the 2018 Breakthrough Prize at NASA Ames Research Center on December 3, 2017 in Mountain View, California. Photo: Getty Images.

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.

10 Oct 2024 - 10:43AM

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.

7 Oct 2024 - 7:03PM

International Property

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.

7 Oct 2024 - 1:24PM

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.

5 Oct 2024 - 11:42AM

Some minority shareholders have been pushing for either a take-private or a sale of Ubisoft to a strategic investor amid the firm’s stock-price plunge. Photo: Shutterstock

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.

3 Oct 2024 - 9:40PM

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.

27 Sep 2024 - 2:52PM

Banking & finance

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.

25 Sep 2024 - 2:00PM

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China stock market

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.

25 Sep 2024 - 3:15PM

People photograph a bull sculpture along the Bund in Shanghai on September 12, 2024. Photo: Bloomberg

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.

17 Sep 2024 - 4:52PM

Accounting and auditing

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.

16 Sep 2024 - 4:07PM

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.

13 Sep 2024 - 9:30PM

Branding hangs outside a Vodafone shop in Oxford, UK. Photo: Reuters

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.

10 Sep 2024 - 5:27PM

An assortment of Stenders bath bombs. Photo: Handout

Banking & finance

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.

6 Sep 2024 - 3:58PM

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.

5 Sep 2024 - 5:02AM

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.

3 Sep 2024 - 8:00PM

Signage for Ant’s Alipay payment system. Photo: Bloomberg

Banking & finance

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.

2 Sep 2024 - 3:23PM

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.

30 Aug 2024 - 8:42PM

Banking & finance

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.

22 Aug 2024 - 4:15PM

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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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