Category: China Deals

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

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

CGN Buys Second-Biggest Malaysian Power Producer for $2.3 Billion

Shuang Shan China General Nuclear Power Corporation (CGN) acquired 100 percent of Edra Global Energy Bhd, the second-largest power producer in Malaysia and the power subsidiary of 1Malaysia Development Bhd (1MDB), for $2.3 billion and the assumption of all of...

/ November 24, 2015

Alibaba Doubles Up on Singles Day Revenue

Singles aren’t alone in China. Singles Day, a manufactured holiday for online shopping in China akin to Cyber Monday, drew in 82 percent of shoppers who spent an average of 1,577 yuan ($247 USD) on Nov. 11. In 2009, Alibaba...

/ November 23, 2015

Possible Multi-Billion Dollar Offer Would Mark Largest Chinese Acquisition Ever

Shuang Shan Update: ChemChina’s $43 billion cash bid to acquire Syngenta was green lighted by Syngenta’s board of directors Wednesday, making it the largest acquisition of a foreign company by Chinese business. As part of the deal, ChemChina will pay...

/ November 19, 2015