Summary: Hainan Island Construction (600515.SS) plans to acquire Infrastructure Group from that company’s controlling shareholder, Hainan Airlines Group, for RMB 26 billion, according to Securities Times. Shares of Hainan Island Construction will continue to be halted from [ … ]
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Zhejiang Chint Electrics to Acquire Chint New Energy for RMB 9.4 Bln
Summary: Zhejiang Chint Electrics (601877.SS) plans to acquire Chint New Energy Co. from that company’s controlling shareholder, Chint Group, for RMB 9.4 billion, according to Securities Times. Shares of Zhejiang Chint Electrics will resume trading on November 27. [ … ]
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Shenyang Commercial City to Acquire Yizuche Co for RMB 1.5 Bln
Summary: Shenyang Commercial City (600306.SS) plans to acquire Yizuche Co. for RMB 1.5 billion, according to Tencent. Shares of Shenyang Commercial City will continue to be halted from trading. Why It Matters: Yizuche Co. is a car [ … ]
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SouFun Holdings Plans to List in China via Reverse Acquisition
Summary: SouFun Holdings (SFUN) plans to list in China through a reverse acquisition of Chongqing Wanli New Energy (600847.SS), reports Sohu. Shares of Chongqing Wanli New Energy will continue to be halted from trading. Why It Matters: [ … ]
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Yangtze Power to Acquire Sanxia Jinshajiang Chuan Yun Hydropower for RMB 79.7 Bln
Summary: China Yangtze Power (600900.SS) has announced it will acquire Sanxia Jinshajiang Chuan Yun Hydropower Development Co., Ltd for RMB 79.7 billion, reports stcn.com. The shares of the company continue to be halted from trading as the deal [ … ]
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China Intl. Travel Service Corp Said to Merge with China Travel Intl. Investment Hong Kong
Summary: China International Travel Service Corp (601888.SS) will reportedly merge with China Travel International Investment Hong Kong (0308.HK), according to NetEase. The state-owned Assets Supervision and Administration Commission (SASAC) has reportedly approved the merger. Why It Matters: [ … ]
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Alibaba’s (BABA) Ant Financial to Invest in Debang Securities
ummary: Alibaba Group’s (BABA) Ant Financial Services Corp will invest in Debang Securities, according to Tencent. The transaction is awaiting regulatory approval. Why It Matters: Ant Financial Services is the financial arm of the Alibaba Group, and [ … ]
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Competition in China’s Online Video Market Intensifies
Summary: Alibaba (BABA) has announced it will acquire Youku Tudou (YOKU), according to tmtpost.com. Alibaba already held an 18.3% stake in the company. Competition in China’s online video market is expected to intensify. Why It Matters: After the transaction, Youku [ … ]
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Jiangxi Zhongjiang Real Estate to Acquire Kunwu Jiuding
Summary: Jiangxi Zhongjiang Real Estate (600053.SS) plans to acquire a 100% stake in Kunwu Jiuding for RMB 900 million, reports Tencent. Shares of the company will continue to be halted from trading. Why It Matters: Kunwu Jiuding [ … ]
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Baotou Huazi Industry to Acquire 51% of Huaxia Insurance for RMB 31.7 Bln
Summary: Baotou Huazi Industry (600191.SS) plans to acquire a 51% stake in Huaxia Insurance for RMB 31.7 billion, reports nbd.com. The company will issue 3.47 billion shares at RMB 9.14 per share to pay for the acquisition. Why [ … ]
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Alibaba’s Ant Financial Reportedly to Invest in Cathay Insurance
Summary: Alibaba Group’s (BABA) Ant Financial Services Corp has announced it will invest in Cathay Insurance, according to Tencent. After the transaction, Alibaba will be Cathay Insurance’s controlling shareholder. Why It Matters: Cathay Insurance is engaged in [ … ]
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Guangdong Eastone Plans to Acquire Tianhe Hongcheng for RMB 1 Bln
Summary: Guangdong Eastone (300310.SZ) plans to acquire a 100% stake of Tianhe Hongcheng for RMB 1 billion, reports Securities Times. The transaction still needs regulatory approval, so the shares of Guangdong Eastone will continue to be halted from [ … ]
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China Railway Group and China Railway Erju Co. Plan to Restructure
Summary: The China Railway Group (601390.SS) and China Railway Erju Co. (600528.SS) plan to restructure, reports 21cbh.com. Shares of the two companies will be halted from trading from September 14. Why It Matters: China Railway Erju Co.’ controlling shareholder, [ … ]
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Ningbo Port Co. Plans to Acquire Zhoushan Port
Summary: Ningbo Port Co. (601018.SS) has announced plans to acquire Zhoushan Port, according to nbd.com. Shares of Ningbo Port continue to be halted from trading. Why It Matters: After the proposed acquisition is completed, the new Ningbo-Zhoushan Port [ … ]
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China Unicom & China Telecom Reportedly Exchange CEOs; Merger Anticipated
Summary: China Unicom (CHU) and China Telecom (CHA) have reportedly exchanged their Presidents, and the markets are expecting a merger between the two companies, according to Sina. China Telecom’s President, Wang Xiaochu, has denied a merger and [ … ]
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Alibaba to Invest RMB 28.3 Bln in Suning Commerce
Summary: The Alibaba Group (BABA) will invest RMB 28.3 billion in Suning Commerce Group (002024.SZ) and take a 19.99% stake in the company, according to Sina. Also, Suning will invest RMB 14 billion in Alibaba and take [ … ]
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COSCO and China Shipping Group Reportedly Establish Merger and Reform Committee
Summary: China’s two largest state-owned shipping companies, COSCO and China Shipping Group, have reportedly formed a committee to discuss merger and reform issues, according to Sina. Along with officers from the China’s State Council, China Shipping Group has [ … ]
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Beijing Shougang Plans to Acquire Controlling Stake in Jingtang Iron and Steel
Summary: Chinese steel company Beijing Shougang (000959.SZ) plans to acquire a 51% stake in Jingtang Iron and Steel from its controlling shareholder, Shougang Group, for RMB 10.26 billion, according to Securities Times. Beijing Shougang will pay for [ … ]
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North Mining Shares Acquires a 65% Stake in Huatune Corp.
Summary: North Mining Shares (0433.HK) has announced it has acquired a 65% stake in Huatune Corp. for HK$ 1 billion, reports the Beijing Times. North Mining Shares will pay for the stake with cash and by issuing [ … ]
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Wanda Cinema Line Said to Acquire Another Cinema Co. for up to RMB 1 Bln
Summary: Wanda Cinema Line (002739.SZ) reportedly plans to acquire another cinema corporation for between RMB 600 million and RMB 1 billion, according to nbd.com. Shares of the company continue to be halted from trading. Why It Matters: Wanda [ … ]
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Xi’an Minsheng Group Acquires Gongxiao Daji for RMB 26.8 Bln
Summary: Xi’an Minsheng Group (000564.SZ) has announced it has acquired Gongxiao Daji from its controlling shareholder for RMB 26.8 billion, as reported by yicai.com. The company will acquire Gongxiao Daji by issuing 5.25 billion shares to its controlling [ … ]
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Leshi Acquires 18% Stake in Coolpad
Summary: Chinese smart TV manufacturer Leshi Internet Information & Technology (300104.SZ) has acquired an 18% stake in Coolpad, reports Sina. Leshi bought 780 million shares at HK$ 3.508 per share from Coolpad’s controlling shareholder, Data Dreamland, for a total [ … ]
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Shanghai Chengtou Holding to Acquire Shanghai Young Sun Investment
Summary: Shanghai Chengtou Holding (600649.SS) has announced that it will acquire Shanghai Young Sun Investment (900935.SS), according to nbd.com. Shanghai Chengtou Holding will issue shares to pay for the acquisition. After the deal, Shanghai Young Sun Investment will [ … ]
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Wuxi Taiji Industry Plans to Acquire Shiyi Tech for RMB 2.3 Bln
Summary: Wuxi Taiji Industry (600667.SS) plans to acquire Shiyi Tech for RMB 2.3 billion from its controlling shareholder, Wuxi Industry Group, according to Securities Times. Wuxi Taiji Industry plans to issue 500 million shares at RMB 4.61 [ … ]
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Zhejiang Transfar Co. Plans to Acquire Transfar Logistic for RMB 20 Bln
Summary: Zhejiang Transfar Co. (002010.SZ) plans to acquire Transfar Logistic from its controlling shareholder, Transfer Group, for RMB 20 billion, as reported by Securities Times. Shares of Zhejiang Transfar Co. will remain in a trading halt. Zhejiang [ … ]
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Sichuan Jinlu Acquires Two Real Estate Companies
Summary: Sichuan Jinlu Group (000510.SZ) has acquired real estate companies Wansha Property and Sunbeam Building Materials City, according to nbd.com. Sichuan Jinlu Group will issue 2.058 billion shares to the shareholders of these two companies. Why It Matters: [ … ]
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Qunar Rejects Acquisition Offer from Ctrip
Summary: Chinese online travel site Qunar (QUNR) has rejected an acquisition offer from Ctrip.com (CTRP), according to Donews. Qunar also announced that it will receive a US$ 500 million investment from private capital firm Silver Lake. At [ … ]
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Jack Ma Acquires Reorient Group
Summary: YFHL Financial Holdings, an investment vehicle controlled by Alibaba’s Chairman Jack Ma, has announced that it has acquired a 56% stake in Hong Kong securities firm Reorient Group (0376.HK), reports Hexun. Shares of Reorient Group will [ … ]
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UPDATE: 58.com Confirms Acquisition of Chinahr.com
(Updates with official confirmation and more details) Summary: 58.com (WUBA) confirmed today (May 8) that it has completed acquisition of Chinese online hiring site Chinahr.com, reports Cnwnews. The transaction amount was not announced. After the acquisition, Chinahr.com will operate [ … ]
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58.com Reportedly to Acquire Hiring Site Chinahr.com
Summary: People familiar with the situation say that 58.com (WUBA) plans to acquire Chinese online hiring site Chinahr.com, reports Sina Finance. A transaction amount was not immediately available. An official announcement is expected to be released as soon as [ … ]
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Rumor of Merger Between Ctrip and Qunar Reappears
Summary: Rumors of a merger between Chinese online travel agent sites Ctrip.com (CTRP) and Qunar (QUNR) have again surfaced in the Chinese market, according to Sina. This merger is reportedly being promoted by Baidu (BIDU), Qunar’s controlling [ … ]
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HNA Investment Group Plans to Raise RMB 12 Bln through a Non-Public Offering
Summary: HNA Investment Group (000616.SZ) plans to raise RMB 12 billion through a non-public offering, according to nbd.com. The company plans to issue 3.038 billion non-public shares to 10 institutions at RMB 3.95 per share. Why It Matters: [ … ]
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East Money Information to Acquire Tongxin Securities
Summary: East Money Information (300059.SZ) has announced it will acquire Tongxin Securities for RMB 4-5 billion, as reported by Securities Times. East Money Information will issue non-public shares to Tongxin Securities two shareholders to effect the transaction. [ … ]
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Alibaba Reportedly to Increase Stake in Alibaba Health Information Technology
Summary: The Alibaba Group (BABA) will reportedly increase its stake in Alibaba Health Information Technology (0241.HK), according to Sina. In return Alibaba will transfer its Tmail online medical operations to Alibaba Health Information Technology. The transaction is [ … ]
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Baidu Adds to Investment in Car Sharing App Company
Summary: Chinese car sharing app company Ttyongche has announced that it has completed a round C series investment with Baidu Inc. (BIDU) leading the investment followed by US venture capital firm Sequoia Capital, as reported by Sohu. [ … ]
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Hubei Landing Holding Acquires Gosun Technology for RMB 1.5 Bln
Summary: Hubei Landing Holding (000971.SZ) has announced that it is acquiring cloud computing service provider Gosun Technology for RMB 1.5 billion, reports nbd.com. Shares of Hubei Landing Holding will resume trading on April 8. Why It Matters: Hubei Landing [ … ]
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Ping An Insurance Said to Acquire 10% Stake in Country Garden Holdings
Summary: Ping An Insurance (601318.SS) will reportedly acquire a 9.9% stake, or 2.2362 billion shares, in Chinese real estate developer Country Garden Holdings (2007.HK) at HK$ 2.816 per share, according to yicai.com. After the transaction, controlling shareholder Huiyan [ … ]
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Baidu Reportedly Investing in 51yche
Summary: Baidu Inc. (BIDU) has reportedly invested in car sharing app 51yche, according to 36kr.com. Baidu has yet to comment. Why It Matters: Online car service is regarded as an important new revenue generator for Chinese internet companies. [ … ]
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UPDATE: Yidao Denies Merger Talks With Uber
Summary: Yidao Yongche, a Chinese taxi-hailing app that was reportedly in talks to merge with Uber, denied the rumor in a post on its official Weibo account, reports Sohu Finance. In the post, Yidao said that coordination [ … ]
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Uber Said to Merge with China’s Yidao Yongche: Report
Summary: Uber is reportedly to merge with Chinese taxi-booking service provider Yidao Yongche, backed by Baidu.com (BIDU), as soon as next week, according to Sina. Baidu is said to be the main facilitator behind the merger. Why [ … ]
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China Eases M&A Lending Rules
Summary: The China Banking Regulatory Commission (CBRC) has eased M&A loan requirements, as reported by Sina. Banks can now provide loans for 7 years instead of the existing 5 years, and loan caps have been increased to [ … ]
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Twitter becoming major source of breaking business news: Selerity study
Selerity, a content analytics and media company, recently published an analysis of breaking mergers and acquisitions (M&A) news events and their first mention on the social network Twitter. Prior to Twitter, investors had to rely on professional [ … ]
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Industrial Bank Reportedly to Acquire Huafu Securities
Summary: The Industrial Bank (601166.SS) will reportedly acquire Huafu Securities, according to Sina. The merger plan is awaiting the approval of the State Council. Why It Matters: Last week, Selerity reported that the China Securities Regulatory Commission [ … ]
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Alibaba Invests RMB 2.4 Bln in Beijing Enlight Media
Summary: Alibaba (BABA) has invested RMB 2.4 billion in Chinese film producer Beijing Enlight Media (300251.SZ), reports Sina. After the transaction, Alibaba will become Beijing Enlight Media’s second largest shareholder. Why It Matters: The investment is being [ … ]
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58.com to Acquire Online Real Estate Platform Anjuke
Summary: An internal email from 58.com (WUBA) indicates the company plans to acquire Chinese online second-hand real estate marketplace Anjuke, reports Tencent Technology. 58’s real estate business will be merged with Anjuke to become “58 Anjuke Real Estate Group”, [ … ]
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China to Study Consolidation of State Oil Companies
Summary: Senior government officers have requested think tanks to undertake research projects relating to potential mergers between state oil companies including PetroChina Company (PTR), Sinopec (SNP), CNOOC (CEO), and Sinochem Group, as reported by Caixin. Caixin suggests [ … ]
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Alibaba’s Ant Financial Reportedly Acquires 30% Stake in Tebon Fund Management Co
Summary: Alibaba Group’s (BABA) Ant Financial Services Corp has reportedly acquired a 30% stake in Tebon Fund Management Co., according to Hexun. Ant Financial Services Corp has declined to comment. Why It Matters: Hexun suggests that Ant [ … ]
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Hutchison Whampoa Reportedly to Sell 40% Stake in Hutchison Port Holdings
Summary: Hutchison Whampoa (0013.HK) will reportedly sell a 40% stake in Hutchison Port Holdings to four state-owned companies, including China Merchants Holdings (0144.HK) and COSCO Pacific (1199.HK), according to finet.com. Hutchison Whampoa has denied the news. Why [ … ]
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Everbright Securities to Acquire Sun Hung Kai’s Brokerage Unit
Summary: Everbright Securities (601788.SS) plans to acquire a 70% stake in Sun Hung Kai & Co’s (0086.HK) brokerage unit Sun Hung Kai Finance for HK$ 4.095 billion, according to Sina. Shares of Sun Hung Kai & Co. [ … ]
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TCL Announces Purchase of Palm Trademark
Summary: Chinese home appliance maker TCL Corporation (000100.SZ) has announced it has purchased the Palm trademark, reports Tencent. The company has not revealed any further details of the transaction. Why It Matters: TCL CEO Dongsheng Li said [ … ]
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Haitong Securities Plans to Acquire Portugal’s BESI
Summary: Haitong Securities (600837.SS) plans to acquire Portuguese investment bank BESI from parent company Banco Espirito Santo, according to jrj.com. Shares in Haitong Securities will resume trading on December 5. Why It Matters: BESI provides investment banking services [ … ]
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58.com Acquires M91.cn
Summary: Chinese classified advertisements website 58.com (WUBA) has acquired online recruiting website M91.cn, according to Techweb. The two companies have not revealed details of the transaction. Why It Matters: M91.cn was founded in 2004 and mainly focuses on recruiting [ … ]
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Sinotex to Acquire Essence Securities for RMB 18.3 Bln
Summary: Sinotex Investment & Development (600061.SS) plans to acquire Essence Securities for RMB 18.3 billion, as reported by Securities Times. Sinotex will conduct the acquisition through the issue of non-public shares to Essence Securities shareholders at RMB [ … ]
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Baidu Reportedly to Acquire 99Bill for RMB 2 Bln
Summary: Baidu (BIDU) will reportedly acquire third-party payment service company 99Bill for RMB 2 billion, according to Sina. Baidu.com and 99Bill have yet to comment. Why It Matters: 99Bill was founded in 2004 and has 1,300 employees [ … ]
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Tencent Said to Acquire Cloudary from Shanda Games for RMB 5 Bln
Summary: Tencent Holdings (0700.HK) has reportedly reached an agreement to acquire Cloudary Corp., a digital publishing and e-reading subsidiary of Chinese IT company Shanda Games (GAME), for RMB 5 billion, according to Sina Tech. Neither party has [ … ]
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Zijin Mining Group Co. to Acquire 51% of Congo-Based Copper Mining Firm for US$ 78 Mln
Summary: Zijin Mining Group Co. (2899.HK) plans to acquire a 51% stake in La Compagnie Miniere de Musonoie Global SAS, a Congo-based copper mining company, for nearly US$ 78 million through its subsidiary Jincheng Mining, Caijie.com reports. The [ … ]
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Lenovo Said to Invest RMB 900 Mln in P2P Lending Firm Eloan
Summary: Lenovo Group (0992.HK) reportedly plans to invest RMB 900 million in Chinese peer-to-peer lending company Eloan.com, according to Hexun.com. After the deal, Lenovo will become Eloan’s controlling shareholder. Lenovo will appoint Eloan’s president from its Strategic [ … ]
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China CNR and CSR Shares Both Halted from Trading Amid Merger Speculation
Summary: Shares of China’s high-speed railway vehicle producers, CSR Copr. (1766.HK) and China CNR Corp. (6199.HK), were both halted from trading on October 27, according to Securities Times. Both companies have said that they are planning material [ … ]
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Sohu.com Reportedly Plans to Acquire 56.com from Renren
Summary: Sohu.com (SOHU) reportedly plans to acquire Renren’s (RENN) 56.com for US$ 12.9 million, according to Sina. Sohu.com, Renren, and 56.com have all declined to comment. Why It Matters: 56.com was founded in 2005 as an online video sharing platform which focused [ … ]
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Lenovo Reportedly to Acquire BlackBerry
Summary: Lenovo (0992.HK) reportedly plans to acquire BlackBerry (BBRY), according to Sina. Lenovo has yet to comment. Why It Matters: The report suggests that Lenovo might make an offer as early as this week and that the [ … ]
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Jinhe Biotechnology Plans to Acquire Pennfield Oil Company for US$ 60 Mln
Summary: Chinese veterinary medicine and feed additives producer Jinhe Biotechnology (002688.SZ) plans to acquire Pennfield Oil Company for US$ 60 million, according to Securities Times. The deal requires approval from Jinhe Biotechnology’s shareholders. Why It Matters: Pennfield [ … ]
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Huace Film & TV Plans to Raise RMB 2 Bln
Summary: Zhejiang Huace Film and TV (300133.SZ) plans to issue 72.7 million shares at RMB 27.51 to raise RMB 2 billion, according to Securities Times. Shares of Huace Film and TV will resume trading on October 9. Why [ … ]
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Bright Food Acquires Majority Stake in Salov
Summary: Bright Food Group, the controlling shareholder of Bright Dairy & Food Co. (600597.SS), has acquired a majority stake in Italian olive maker Salov Group, according to Tencent Finance. The two companies have not revealed details of [ … ]
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Alibaba Invests RMB 2.8 Bln in Beijing Shiji Info
Summary: Alibaba Group (BABA) has invested RMB 2.81 billion in Beijing Shiji Info (002153.SZ), a hotel information system provider, as reported by Sina. Alibaba will take a 15% stake in the company and reserve the right to [ … ]
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China CNR, CSR Halt Trading on News of Possible Merger Deal
Summary: CSR Corp. (601766.SS), China CNR Corp. (601299.SS) and Zhuzhou Times New Material Tech Co. (600458.SS), a subsidiary of CSR Corp., all halted trading in their A-shares and H-shares September 4, according to Cnstock. The suspension of trading [ … ]
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Tencent Reportedly to Invest US$ 70 Mln in Dxy.cn
Summary: Tencent Holdings (HK: 0700) plans to invest US$ 70 million in healthcare social network platform Dxy.cn, according to Sina. Neither company has revealed details of the transaction. Why It Matters: By investing in Dxy.cn, Tencent can [ … ]
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Shanda Group Denies Being Acquired by Tencent
Summary: Chinese game developer Shanda Group, the controlling shareholder of Shanda Games (US: GAME), has denied news that it would be acquired by Tencent (HK: 0700), according to NetEase Finance. Shanda Group claims the news is a [ … ]
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COFCO Group Reportedly Acquires Jiugui Liquor Co.’s Controlling Shareholder
Summary: China’s largest state-owned food processing holding company COFCO Group has reportedly acquired China Huafu Trade Development Corporation, the controlling shareholder of Jiugui Liquor Co. (CH: 000799), according to 21cbh.com. Trading in shares of Jiugui Liquor Co. was [ … ]
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Alibaba Invests US$ 120 Mln into Kabam Inc.
Summary: The Alibaba Group plans to invest US$ 120 million into game developer Kabam Inc., as reported by Sina. The two companies haven’t disclose the terms of the investment. Why It Matters: As a leading game developer, Kabam [ … ]
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Alibaba and Softbank Reportedly Plan to Invest in Instant Messaging Software Line
Summary: The Alibaba Group and Softbank (JP: 9984) reportedly plan to invest in instant messaging software, Line, as reported by Sina. Softbank and Alibaba have both declined to comment. Why It Matters: Line is a popular instant [ … ]
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Qunar $QUNR to Reportedly Acquire 517NA
Summary: Chinese online travel agent Qunar (US: QUNR) will reportedly acquire smaller player 517NA, as reported by Sina. The deal will reportedly be announced in the near future. So far Qunar has declined to comment. Why It [ … ]
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Wuliangye Yibin Plans to Acquire 51% Stake in Henan Wuguchun Liquor for RMB 255 Mln
Summary: China’s high-end liquor producer Wuliangye Yibin Co. (CH: 000858) plans to acquire a 51% stake in Henan Wuguchun Liquor Co. for RMB 255 million, as reported by Sina. Henan Wuguchun Liquor Co. is a state-owned company [ … ]
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Large Real Estate Developers Expect to Accelerate Acquisitions in 2014
Summary: China’s large real estate developers expect to accelerate acquisitions in 2014, according to yicai.com. The article suggests that smaller developers have liquidity issues and many large real estate developers, including state-owned companies, are actively talking to those [ … ]
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TCL Corporation Abandons Plan to Acquire 26% Stake of Shenzhen Textile
Summary: Chinese television maker TCL Corporation (CH: 000100) says it will not acquire a 26% stake in the liquid-crystal display (LCD) polarizer producer Shenzhen Textile (CH: 000045). TCL Corporation didn’t make a detailed explanation for the decision. Why It Matters: Liquid-crystal display [ … ]
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Alibaba Reportedly To Acquire A 50% Stake In Guangzhou Evergrande Football Club For RMB 1.2 Bln
Summary: According to Ifeng Finance, Chinese largest e-commerce company Alibaba Group has reportedly reached an agreement with Evergrande Real Estate Group (HK: 3333) to acquire a 50% stake in Guangzhou Evergrande Football Club under Evergrande Real Estate Group for [ … ]
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[SGI] Sound Global to Take Over Tongliao Sound Water For More Than RMB 192 Mln
Summary: According to Etnet, waste-water treatment company Sound Global (HK: 0967) plans to acquire a 97.8% stake in Tongliao Sound Water Co., a sewage disposal company in Inner Mongolia, from the Sound Group for RMB 192 million. [ … ]
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