China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | February 21, 2017

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

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Deal News


Dealmakers Battle for Chance to Run World's Biggest Chemical Company
It’s a battle of two great deal makers and the prize is potentially the chance to run the world’s largest chemical company.

 

On one side is Sinochem Group boss "Frank" Ning Gaoning, who is said to be in talks for a second major deal with global commodities trader Noble Group Ltd. On the other is Ren Jianxin, chairman of China National Chemical Corp., or ChemChina, whose $43 billion offer to buy Swiss pesticides-and-seeds maker Syngenta AG is currently wending its way through official reviews.

 

China wants to merge Sinochem and ChemChina as part of the ce...

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 | 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...