Tag: Agreements

China’s CITIC Prepares for ‘Backdoor’ Listing in Hong Kong

CITIC Group Corp., one of China’s largest state-owned investment companies, is selling its main operating unit to daughter company, CITIC Pacific Ltd., in a plan to get a backdoor listing on the Hong Kong stock exchange. According to a framework...

/ March 28, 2014

Airbus Lands Multibillion Jet, Helicopter Deals with China

Airbus will soon control more than 50 percent of China’s helicopter market, payoff for one of several multibillion dollar deals inked today with China’s leading aircraft manufacturer and the country’s central purchasing agency. The biggest deal is a 10-year agreement...

/ March 26, 2014

Giant Interactive to go Private in $3 Billion Buyout

Giant Interactive Group Inc., a Chinese online gaming developer, has accepted a $3 billion offer to take the company private. The bid comes from Giant chairman, Shi Yuzhu and private equity firms Baring Private Equity Asia, and Hony Capital of...

/ March 26, 2014

Tencent Purchases 15 Percent Stake in Jingdong for $215 Million

Tencent Holdings Ltd., the owner of popular messaging services WeChat and QQ, announced on March 9 that it had formed a strategic partnership with China’s second-largest e-commerce company. JD.com, Inc., also known as Jingdong or 360Buy, will gain two of...

/ March 21, 2014

Chindex to Be Acquired by Fosun Pharma and TPG Capital for $369 Million

Chindex International Inc., a Bethesda, Md.-based healthcare company that operates hospitals in Beijing, Shanghai, Tianjin, and Guangzhou, announced on February 17 that it had been acquired by Shanghai Fosun Pharmaceutical Co. and private-equity firm TPG Capital for $369 million. The...

/ February 28, 2014

Alibaba Offers $1.58 Billion for Control of Chinese Mapping Company

Alibaba Group Holding Ltd., China’s largest e-commerce company, has offered $1.58 billion for full control of digital mapping firm AutoNavi Holdings Ltd. AutoNavi holds a 31 percent share of China’s mobile map app market along with a rare mapping license...

/ February 10, 2014

Boeing Secures $20.7 Billion Commitment from Chinese Customers

The Boeing Company has secured $20.7 billion in commitments from Chinese state-owned airlines and private leasing firms, according to an exclusive Reuters report. The deal represents China’s first orders for Boeing’s upgraded short-haul aircraft, the 737 Max. According to multiple...

/ October 25, 2013

Chinese Firms Allowed to Invest in British Nuclear Plants

Chinese companies will soon be allowed to invest in British nuclear power plants and eventually hold majority ownership stakes, according to an announcement made yesterday by Britain’s finance minister George Osborne. Osborne, who has already inked multiple banking deals in...

/ October 18, 2013

Wumart to Acquire CP Lotus Stores in China for $374 million

China’s Wumart Stores Inc. will acquire 36 stores and a 9.99 percent stake in Thai grocery retailer CP Lotus in a share-swap deal worth $374 million, the companies announced yesterday. CP Lotus, whose parent CP Group is weighing a bid...

/ October 15, 2013

Chinese Government to Prop up Domestic Dairy Firms with $4.9 Billion Infusion

According to Chinese media reports, five of the country’s largest milk powder producers—China Mengniu Dairy Co., Inner Mongolia Yili Industrial Group Co., Feihe International Inc., Heilongjiang Wondersun Dairy Co., and Treasure of Plateau Yak Dairy Co.—will soon receive government funds...

/ September 22, 2013