China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 01, 2017

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


Deal News

Bank of China HK unit buys Indonesia, Cambodia businesses from parent
BOC Hong Kong Holdings Ltd, a unit of Bank of China Ltd, said on Tuesday it had agreed to acquire Indonesia and Cambodia businesses from its parent for about $377 million, as parts of its push into Southeast Asia.


The latest move comes after BOC Hong Kong last year raised about $10 billion by divesting its holding in Hong Kong-based banks, and said a part of the proceeds would be used to expand its presence in ASEAN.


GIC Invests 18% in China EV System Provider ALT
Shanghai-based Advanced Leading Technology Group (ALT) announced today that Government of Singapore...

By: ChinaDesk | January 12, 2017

A Newsletter on Deal Making in China


Deal News


Valeant To Sell Dendreon Cancer Business To China’s Sanpower For $820 Million Cash
Embattled Valeant Pharmaceuticals has agreed to sell its Dendreon cancer business to China’s Sanpower for $819.9 million in cash. The drugmaker will use the proceeds from the sale to pare down its debt. With this sale, Valeant will exit oncology, one of its non-core therapeutic areas, in order to focus on its core businesses.


Chinese Investors Have Money, Want Biotech and Don’t Fear Trump
Despite tough talk by President-elect Donald Trump about a possible trade war, Chinese investors are hungry for U.S. biotech and they’ve got money to spend. In the latest purchase, Nanjing-based Sanpower Grou...

By: ChinaDesk | January 07, 2017

A Newsletter on Deal Making in China


Deal News


Car maker SAIC proposes to buy some assets of General Motors' India plant
SAIC HK, a subsidiary of China's SAIC Motor Corp, has proposed to acquire certain assets of a car manufacturing plant in India owned by General Motors' local unit, a filing with the country's competition watchdog showed on Friday.


The assets, which could give the Chinese automaker a toehold in the Indian car market, will be acquired via an Indian subsidiary of SAIC that is yet to be incorporated, according to the filing with the Competition Commission of India.


Australian Media Tech Firm Isentia Makes China Inroads Via Acquisition
Australian Securities Exchange-listed media intelligence firm Isentia Group Ltd. has ...

By: ChinaDesk | January 06, 2017

A Newsletter on Deal Making in China


Deal News


China Mengniu offers to buy out Modern Dairy for $826 million
China Mengniu Dairy Co Ltd has offered to buy out China Modern Dairy Holdings Ltd for $826 million in a deal that will help it secure a stable supply of raw milk. This follows China Mengniu's purchase of 965.47 million shares in Modern Dairy.


KKR and CDH Investments agreed to sell $241.5 million worth of shares in China Modern Dairy – which will see them fully exit a position they received when selling part of a greenfield cattle farming joint venture to Modern Dairy in 2015.


Modern Dairy gives Mengniu access to a plant in New Zealand and farms throughout China. Mengniu shares fell after the deal was announced Thursday morning...

By: ChinaDesk | January 05, 2017

A Newsletter on Deal Making in China


Deal News


EU regulators delay ChemChina/Syngenta merger decision to April

European Union antitrust regulators have extended the deadline for a decision on ChemChina's proposed buy of Swiss pesticides and seeds group Syngenta by 10 working days to April 12.


The European Commission opened an in-depth investigation into state-owned ChemChina's $43 billion bid in October, saying the companies had not allayed concerns over the deal. "ChemChina and Syngenta remain fully committed to the transaction and are confident of its closure," the Swiss company said.


Sinopec mandates 6 banks to advise on unit revamp ahead of IPO

China Petroleum and Chemical Corp (Sinopec) has mandated six banks to advise ...