Value and volume of M&As at record highs
Print Edition
THE value and volume of mergers and acquisitions in China have surged to record highs so far this year, driven by a robust momentum in the high-technology sector, a report showed.
The value of mergers and acquisitions surged 61.6 percent year on year to US$305.3 billion as of Wednesday, the best first-half performance on record for China, data released by Thomson Reuters showed yesterday.
The number of deals rose 21 percent from the same period a year earlier to a record high of 2,542, data showed.
The high-technology sector topped with US$58.23 billion worth of deals, or 19.1 percent of the total. The value soared 193 percent year on year, bolstered by mega deals such as Jiangsu Hongda New Material Co’s purchase of Focus Media Technology Shanghai Co.
Domestic deals jumped 67.8 percent from a year earlier to US$232.7 billion, representing 76 percent of the total.
Chinese companies acquired US$44.7 billion worth of foreign enterprises, up 65 percent. The industrial sector was the most popular among Chinese buyers as it took up 30.3 percent of the transaction value.
Foreign buying of Chinese firms fell 2.3 percent to US$22 billion in value, with 33.5 percent of the total in property, according to the data.
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