Tag: China’s Investments Abroad

WH Group Receives Listing Approval for up to $6 Billion Hong Kong IPO

WH Group Ltd., which purchased US pork producer Smithfield Foods Inc. for $4.7 billion in 2013 under the name Shuanghui International, has received approval for a Hong Kong initial public offering (IPO). Hoping to raise between $5 billion and $6...

/ April 3, 2014

COFCO, Hopu Purchase 51 Percent Stake in Noble Agribusiness Unit for $1.5 Billion

By E.J. Thomas China National Cereals, Oil, and Foodstuffs Corp. (COFCO), China’s largest grains trader, has agreed to pay $1.5 billion for a majority stake in Noble Group Limited’s agribusiness unit. As part of the deal, Hopu Investment Management Co.,...

/ April 3, 2014

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

Tencent Acquires 28 Percent Stake in South Korea’s CJ Games for $500 Million

Tencent Holdings Ltd., Asia’s largest Internet company, has agreed to pay $500 million for a 28 percent stake in South Korean mobile gaming firm CJ Games. As part of the deal, Tencent said that CJ Games will acquire online and...

/ March 28, 2014

Alibaba Plans for $15 Billion Third Quarter US IPO

By E.J. Thomas After months of speculation about a possible initial public offering (IPO) in London, Hong Kong, or the United States, Alibaba Group Holding Ltd. announced on March 16 that it has chosen to hold its IPO in the...

/ March 20, 2014

COFCO in Talks with Noble and Hopu to Form Joint Venture

By E.J. Thomas China National Cereals, Oil, and Foodstuffs Corp. (COFCO), China’s largest grains trader, is in talks with Singapore-listed Noble Group Ltd. and Hopu Investment Management Co. to form a joint venture with Noble’s agribusiness operations, according to the...

/ March 7, 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

Sina Plans for $500 Million Weibo IPO

Sina Corp. has hired Credit Suisse AG and Goldman Sachs Group Inc. for a second quarter US initial public offering (IPO) for Weibo, Sina’s Twitter-like microblogging service. According to the Wall Street Journal, the company hopes to raise $500 million...

/ February 28, 2014

Wanxiang Acquires Fisker Assets with $149 Million Bid

By E.J. Thomas After two days and 19 rounds of bidding, China’s Wanxiang Group outbid Richard Li’s Hybrid Tech Holdings LLC by putting $149.2 million on the table for the assets of Fisker Automotive Holdings Inc. in a Delaware bankruptcy...

/ February 21, 2014

Dongfeng Invests $1.1 Billion for 14 Percent Stake in Peugeot

The PSA Peugeot Citroen board announced on February 18 that it approved a deal that will give China Dongfeng Motor Co. a 14 percent share and two seats on its board in exchange for $1.1 billion. Peugeot also announced that...

/ February 21, 2014