China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | May 07, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


ChemChina clinches landmark $43 billion takeover of Syngenta
ChemChina has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday.

The trend toward market consolidation has triggered fears among farmers that the pipeline for new herbicides and pesticides might slow. Regulators have required some divestments as a condition for approving the Syngenta deal. The other deals in the sector are a $130 billion proposed merger of Dow Chemical and DuPont, and Bayer's plan to merge with Monsanto.


Meanwhile China has conditionally approved the pr...

Category: Daily Newsletter 

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By: ChinaDesk | March 21, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


MoneyGram board says Euronet offer could result in superior proposal
U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc's offer could result in a superior proposal compared to the one from China's Ant Financial Services Group.


MoneyGram will share confidential information with peer Euronet so that it can firm up its offer. Euronet had offered $15.20 per share in cash to buy MoneyGram last week, topping the $13.25 per share offer from Ant Financial. Wall Street already seems certain that there's more to come.

Traders are betting that Chinese billionaire Jack Ma is about to get drawn into ...

Category: Daily Newsletter 

Tags: Venture Capital, Alibaba, ICBC, Ant Financial, China Newsletter, Vanke, Sinopec, SAFE, Ofo, Evergrande, Mobike, Legend Capital, Qiming Ventures, China IPO, Mergers, Acquisitions, Baoneng Group, IDG China, PBOC, CRRC, SDIC, Private Equity, CDH Investments, CreditEase, BYD, CMC Capital, Shenzhen Metro, Paramount Pictures, IPOs, MoneyGram, PAG Asia Capital, HG Capital, Momo, Shanghai IPO, China M& A News, euronet, Viacom, Chevron South Africa, Pan Gongsheng, IBM Cloud China, Wanda Cloud, Fanli, Geek, Tanyuan Tech, Hypereal, Mychebao, Suzhou Ribo Life Science, Weying, Newrank, YCloset, Pan Lin Asset Management, Phoenix TV, Gary Cohn, HTC, Apple China, Rusal, Elec-Tech Co, Xianyu, Li Jianli, Shenzhen Kedali 

By: ChinaDesk | January 14, 2017

A Newsletter on Deal Making in China

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Deal News


Tsinghua Unigroup’s Taiwan deals unravel as Powertech calls off share pact

Taiwan's Powertech Technology Inc said Friday it was terminating a share agreement with China's Tsinghua Unigroup Ltd, unraveling more than $2 billion in deal-making that the state-run Chinese giant had hoped to seal on the island. The Deal was scrapped on account of failure to clinch regulatory approval.


The termination of Powertech's share sale comes after two local rivals, ChipMOS Technologies Inc and Siliconware Precision Industries Co, separately called off similar sale of their shares to Tsinghua Unigroup last year. Tsinghua Unigroup would have invested a total of around $2.6 billion for partial stakes in all th...

By: ChinaDesk | January 13, 2017

A Newsletter on Deal Making in China

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Deal News


China Vanke's No. 2 shareholder sells stake to Shenzhen Metro amid power tussle

Property developer China Vanke, embroiled in a high-profile corporate power tussle for over a year, said on Thursday its No. 2 shareholder China Resources Group will sell its entire 15.31 percent stake to Shenzhen Metro Group. The transaction is estimated to total 37.2 billion yuan ($5.40 billion).

 

It was not immediately clear if such a move would help Vanke fend off its biggest shareholder, financial conglomerate Baoneng which has built up a 25 percent holding and has sought to oust management. It would also fall short of a previous Vanke plan to make Shenzhen Metro its No. 1 shareholder through an asset s...

By: ChinaDesk | November 10, 2016

A Newsletter on Deal making in China

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Deal News

 

Chinese property developer Evergrande increases stake in bigger peer China Vanke
Property developer China Evergrande Group said it has further raised its stake in larger rival China Vanke Co Ltd to 8.29 percent, the latest move in a spending spree by the company. Evergrande's purchase in August of $2.2 billion worth of Vanke shares put it at the heart of a corporate battle as Vanke was fending off a potential bid from financial firm Baoneng Group, its biggest shareholder.

 

Guangzhou-based Evergrande is heavily indebted but is ambitious. Its intentions towards Vanke are unclear but some analysts say it might seek seats on Vanke's board to further increase its influence. Evergrande also plann...