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October 22, 2013

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Shanghai sees M&As jump 30%

Shanghai posted a 30 percent jump in merger and acquisitions whose transaction value almost tripled between February and June.

The general index that measures mergers and acquisitions in Shanghai surged 29.9 percent between February and June to 1,299 points, Shanghai Financial Association and Shanghai United Assets and Equity Exchange said jointly yesterday.

The aggregated value of over the counter equity sales rose 189.5 percent during the five-month period in Shanghai.

The index uses six areas to measure the city’s M&A activities, including type, number of cases and value, industry, territory, sale rate and value added.

Shanghai-based China Shipping Group bought stakes worth 300 million yuan (US$49 million) in 10 firms, which included 20 percent in the Jinzhou branch of Dong Fang International Container Co and 75 percent of Suzhou-based China Shipping Container Storage and Transportation Co.

 


 

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