Tag: Investments into China

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

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

Temasek to Purchase 25 Percent Stake in Watson for $5.7 Billion

After initially planning a dual London-Hong Kong listing for 2014, Li Ka-shing’s Hutchinson Whampoa Ltd. has agreed to instead sell 25 percent of beauty retailer A.S. Watson Co. to Singapore’s state-owned Temasek Holdings Pte. Ltd. At $5.7 billion, the deal...

/ March 26, 2014

Poly Culture Raises $331 Million in Hong Kong IPO

Poly Culture Group Corporation, the world’s third largest auction house, raised $331 million in a Hong Kong initial public offering (IPO) on February 28, according to the New York Times. The IPO was the first listing by a Chinese auction...

/ March 7, 2014

Sinopec to Sell up to 30 Percent of Oil Retail Unit to Private Investors

China Petroleum and Chemical Corp., also known as Sinopec, announced on February 19 that its board had approved a resolution to restructure the company’s oil retail unit by selling up to 30 percent of it to private investors. According to...

/ March 4, 2014

Danone Increases Stake in Mengniu from 4 to 9.9 Percent

Danone, the world’s biggest yogurt maker, announced on February 12 that it has agreed to pay $663 million to increase its stake in China Mengniu Dairy Co., China’s largest milk producer, from 4 to 9.9 percent. Mengniu also announced in...

/ February 20, 2014

Brightoil to Buy Anadarko’s China Bohai Bay Assets for $1.08 Billion

Hong Kong-listed Brightoil Petroleum Holdings Ltd. reached an agreement on February 18 with Texas-based Anadarko Petroleum Corp. to purchase 40 percent and 29 percent interests in two offshore blocks located in the Bohai Bay for $1.08 billion. The two blocks...

/ February 18, 2014

Jingdong Gears Up For $2 Billion IPO in 2014

China’s JD.com, Inc.—also known as Jingdong or 360Buy—is planning for an initial public offering (IPO) in the second half of 2014 that could raise up to $2 billion, according to Bloomberg News. Jingdong, one of China’s largest e-retailers, is mulling...

/ February 7, 2014