All posts by Catherine Matacic

Sinopec and Huadian Take 15 Percent Stake in Petronas’ Canadian LNG Project

China Petrochemical Corp, or Sinopec, and state-owned power group China Huadian Corp will acquire a combined 15 percent stake in a Canadian liquefied natural gas (LNG) project from Malaysia’s Petroliam Nasional Bhd, or Petronas. A Petronas statement did not specify...

/ May 5, 2014

Alibaba and Yunfeng Capital Purchase 18.5 Percent Stake in Youku Tudou for $1.22 Billion

Alibaba Group Holding Ltd. and founder Jack Ma’s private-equity firm Yunfeng Capital will purchase a combined 18.5 percent stake in Chinese internet television company Youku Tudou Inc. for $1.22 billion, according to a statement released by Youku Tudou. Youku Tudou,...

/ April 28, 2014

Wanda Cinema Line Plans for $321 Million IPO

Wanda Cinema Line Co., the cinema unit of real estate conglomerate Dalian Wanda Group Co., is preparing for a $321 million Shenzhen initial public offering (IPO), according to a filing with the China Securities Regulatory Commission. News of the IPO...

/ April 28, 2014

China Hospital Operator Accepts $466 Million Buyout Offer from TPG Capital and Fosun Pharma

China hospital chain Chindex International Inc. has accepted its second buyout offer in as many months from Shanghai Fosun Pharmaceutical Co. and private equity firm TPG Capital. The deal has a total value of $466 million, including restricted shares. Chindex,...

/ April 23, 2014

Shandong Airlines Buys 50 Boeing 737s for $4.6 Billion

China’s Shandong Airlines Co. Ltd. will purchase 50 Boeing 737s for a total of $4.6 billion, according to a company statement released on Monday. The deal includes 16 of Boeing’s 737-800 model and 34 of its 737 MAX model, to...

/ April 23, 2014

General Motors Investing $12 Billion in China

General Motors Corp. is investing $12 billion over the next three years in its China operations to boost annual production capacity there to 5 million units. GM China President Matthew Tsien also announced at the Beijing auto show that the...

/ April 21, 2014

Weibo Raises $286 Million in New York Initial Public Offering

Weibo Corp., a Twitter-like microblogging service owned by Sina Corp., raised $286 million at its initial public offering (IPO) on April 17. The IPO came in well below the $500 million that Weibo hoped to raise, after the company’s anticipated...

/ April 18, 2014

Jumei Files for $400 Million US Initial Public Offering

Jumei International Holding Ltd., China’s largest online cosmetics retailer, plans to raise up to $400 million in a US initial public offering (IPO), according to their filing with the Securities and Exchange Commission. The filing did not say how many...

/ April 18, 2014

Sinopec Purchases Stake in Kazakh Oil Interests for $1.2 Billion

China Petroleum & Chemical Corp, also known as Sinopec, has agreed to purchase a 50 percent stake in Caspian Investment Resources Ltd. from Russia’s OAO Lukoil for $1.2 billion. After acquiring half of the oil and gas producer in 2010,...

/ April 16, 2014

Chinese Consortium to Pay $5.85 Billion for Peru Copper Mine

A Chinese consortium led by China Minmetals Corporation has said it will pay $5.85 billion for a giant Peruvian copper mine owned by Glencore Xstrata PLC. The group will also pay all development costs for the Las Bambas mine from...

/ April 16, 2014