China's M&A deals drop 11.2%
By Chen Li |
June 3, 2011, Friday
|
Print Edition
Print Edition
CHINA'S mergers and acquisitions market dropped 11.2 percent from April to US$12.13 billion in completed value last month, according to data by China Venture Co.
The figure still trails the record level of US$26.83 billion in completed M&As in October last year, the leading financial analysis website said in a report yesterday.
A total of 129 M&A deals were completed in 18 industries in May. Investors favored acquisitions in the manufacturing industry as 24 deals were inked last month, followed by 15 deals for IT and 14 for the energy industry, the report said.
Of the deals, 111 were between Chinese firms inside the country while 11 transactions were made by Chinese enterprises outside the country. The remaining seven were done by overseas firms on the mainland, the report added.
By value, the energy sector topped with US$3.87 billion while franchising reaped US$1.18 billion and real estate was third with US$1.07 billion, the report said.
Yanzhou Coal Mining Co's acquisition of Australia's Whitehaven Coal Limited was the biggest M&A deal last month.
Yanzhou, China's fourth-largest coal producer, bought Whitehaven for US$3.79 billion in order to secure resources to meet rising domestic energy demand.
The figure still trails the record level of US$26.83 billion in completed M&As in October last year, the leading financial analysis website said in a report yesterday.
A total of 129 M&A deals were completed in 18 industries in May. Investors favored acquisitions in the manufacturing industry as 24 deals were inked last month, followed by 15 deals for IT and 14 for the energy industry, the report said.
Of the deals, 111 were between Chinese firms inside the country while 11 transactions were made by Chinese enterprises outside the country. The remaining seven were done by overseas firms on the mainland, the report added.
By value, the energy sector topped with US$3.87 billion while franchising reaped US$1.18 billion and real estate was third with US$1.07 billion, the report said.
Yanzhou Coal Mining Co's acquisition of Australia's Whitehaven Coal Limited was the biggest M&A deal last month.
Yanzhou, China's fourth-largest coal producer, bought Whitehaven for US$3.79 billion in order to secure resources to meet rising domestic energy demand.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
