All posts by Shuang Shan

Chinese Conglomerate Acquires Ingram Micro for $6 Billion

Shuang Shan In the largest Chinese acquisition of a US IT company ever, aviation and logistics conglomerate HNA Group bought technology distributor Ingram Micro Inc. for $6 billion in cash on Wednesday. Tianjin Tianhai Investment Co Ltd, a unit of...

/ February 19, 2016

Chinese Buyers Acquire Opera Software for $1.2 Billion

Shuang Shan A group of Chinese companies, led by Internet security firm Qihoo 360 Technology, offered to acquire Norwegian company Opera Software ASA for a total of $1.2 billion on Wednesday. Opera Software produces Opera Web Browser, the sixth most...

/ February 12, 2016

Chinese Machinery Manufacturer Makes $3.3 Billion Offer to Buy Terex

Shuang Shan Chinese state-owned machinery manufacturer Zoomlion Heavy Industry Science and Technology Co Ltd submitted a proposal to buy US crane-manufacturer Terex Corporation for $3.3 billion in cash on Wednesday.  The proposal comes in the middle of the planned merger...

/ January 29, 2016

Postal Savings Bank of China Starting $10 Billion Hong Kong IPO

Shuang Shan Postal Savings Bank of China (PSBC)—the sixth largest lender in China—began accepting proposals for its $10 billion Hong Kong IPO on Tuesday and will continue to do so through Friday. The PSBC IPO will be the largest financial...

/ January 21, 2016

ChemChina Acquired German Machinery Manufacturer for $1 Billion

Shuang Shan China National Chemical Corporation (ChemChina) announced Monday it has agreed to buy German plastic and rubber machinery manufacturer KraussMaffei Group for $1.01 billion, funded by a consortium with Jiangsu Guoxin Investment Group Limited and AGIC Capital. The deal,...

/ January 14, 2016

Chinese Conglomerate Makes First Major Investment in Hollywood

Shuang Shan Dalian Wanda Group Co., the world’s biggest movie theater operator, announced on Tuesday that it has acquired a majority stake in Legendary Pictures Films LLC for $3.5 billion in cash. Wanda will be the first Chinese company to...

/ January 12, 2016

Tsinghua Unigroup to Invest $2 Billion in Taiwan Chip Packaging Companies

Shuang Shan Tsinghua Unigroup Limited will buy shares of two Taiwanese semiconductor packaging and testing companies—ChipMOS Technologies Inc. and Siliconware Precision Industries Limited (SPIL)—for $2 billion announced by the two companies on Friday. Tsinghua will own a quarter of each...

/ December 16, 2015

State Council Announces 2016 Holiday Dates

On December 10th, the State Council announced the dates for 2016 national holidays. As with last year, the Lunar New Year holiday comes with a working day during the weekends before and after the weeklong holiday. The other weeklong National...

/ December 15, 2015

Major Taiwanese Chip Maker to Set Up $3 Billion China Plant

Shuang Shan Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest chip maker by revenue, announced Monday its plans to invest $3 billion in a 12-inch wafer production facility and design service center in Nanjing, China. The facility, wholly-owned by...

/ December 9, 2015

Three Gorges Dam Operator Buys Two Brazilian Power Plants for $3.7 Billion

Shuang Shan China Three Gorges Corporation (CTG)—a state-owned power company—agreed on Wednesday to operate two major Brazilian hydroelectric power stations for the next 30 years. The $3.7 billion deal makes CTG the biggest player in Brazil’s hydropower plant auction this...

/ December 2, 2015