M&A rise to a record in H1

By Ye Zhen | June 18, 2015, Thursday |

Online Edition

MERGERS and acquisitions in China is set to surge to a record high both in value and volume in the first half of the year, driven by a robust momentum in high-technology sector, a report showed.

Transaction value of mergers and acquisitions surged 61.6 percent year on year to US$305.3 billion so far this year, the best first-half performance on record for China, according to data released by Thomson Reuters today.

The number of deals rose 21 percent from the same period a year earlier to a record high of 2,542, data showed.

High technology sector topped with US$58.23 billion worth of deal value, or 19.1 percent of the total. The value increased 193 percent year on year, bolstered by mega deals such as Jiangsu Hongda New Material Co Ltd’s purchase of Focus Media Technology Shanghai Co Ltd.

All sectors except financials, retail and consumer staples recorded year-on-year declines in deal value, falling 16.2 percent, 12.5 percent and 1.7 percent respectively, according to data.

Domestic deals rose 67.8 percent from a year earlier to US$232.7 billion in value, representing 76 percent of all.

Chinese acquisition of foreign companies totaled US$44.7 billion, a 65 percent growth. Industrials is the most popular sector among Chinese buyers, taking up 30.3 percent of the transaction value, followed by 22.7 percent in financial sector and 15.4 percent in real estate market.

Deal value of foreign acquisition of Chinese companies fell a slight 2.3 percent to US$22 billion, with 33.5 percent of deal value in property sector, data showed.

Business Finance

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M&A rise to a record in H1

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