Rebound in property lifts M&As
By Ye Zhen |
October 9, 2012, Tuesday
|
Print Edition
Print Edition
A rebound in the property market boosted mergers and acquisitions in the third quarter of this year in China, according to a report released yesterday.
There were 233 M&A transactions in the third quarter of the year, an increase of 10.4 percent from the previous three months, said the report by research consultant Zero2IPO. But the total value tumbled 45 percent quarterly to US$6.6 billion based on the 217 M&A transactions that have disclosed financial details.
The property sector topped all others in M&A transactions with US$1.4 billion, more than the combined value in the first and second quarters, data showed.
The property market has been showing signs of recovery since the middle of the year and the People's Bank of China, the central bank, may adopt a relatively easing stance on monetary policy in the long term. This shift may help spark M&As in the sector, said the report, adding that the momentum is likely to continue in the fourth quarter.
There were 233 M&A transactions in the third quarter of the year, an increase of 10.4 percent from the previous three months, said the report by research consultant Zero2IPO. But the total value tumbled 45 percent quarterly to US$6.6 billion based on the 217 M&A transactions that have disclosed financial details.
The property sector topped all others in M&A transactions with US$1.4 billion, more than the combined value in the first and second quarters, data showed.
The property market has been showing signs of recovery since the middle of the year and the People's Bank of China, the central bank, may adopt a relatively easing stance on monetary policy in the long term. This shift may help spark M&As in the sector, said the report, adding that the momentum is likely to continue in the fourth quarter.
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