M&A deals fall and so does capital
By Lydia Chen |
August 5, 2011, Friday
|
Print Edition
Print Edition
THE number of merger and acquisition deals as well as the total investments in them fell in China in July from a month earlier, according to China Venture yesterday.
There were a total of 148 M&A deals sealed last month, a 20.43 percent drop from 186 deals in June. The total investment in these M&As dipped slightly to 49.92 billion yuan (US$7.75 billion) from 50 billion yuan in June, the company said in a report.
More than 90.5 percent, or 134 of the deals, occurred between Chinese firms which invested 37.33 billion yuan of the total M&A amount.
Real estate developers accounted for the majority of the M&A deals last month at 17 with investments totalling 11.88 billion yuan.
China Venture attributed this development to small cash-strapped real estate firms accepting takeover offers by bigger rivals after the Chinese government imposed several measures to curb rising property prices.
The transport and energy industries followed by investment value.
There were a total of 148 M&A deals sealed last month, a 20.43 percent drop from 186 deals in June. The total investment in these M&As dipped slightly to 49.92 billion yuan (US$7.75 billion) from 50 billion yuan in June, the company said in a report.
More than 90.5 percent, or 134 of the deals, occurred between Chinese firms which invested 37.33 billion yuan of the total M&A amount.
Real estate developers accounted for the majority of the M&A deals last month at 17 with investments totalling 11.88 billion yuan.
China Venture attributed this development to small cash-strapped real estate firms accepting takeover offers by bigger rivals after the Chinese government imposed several measures to curb rising property prices.
The transport and energy industries followed by investment value.
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