China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | February 27, 2017

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

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Deal News


Kunming Sinobright plans to acquire Beijing's property agency firm for 6.56 bln yuan
Kunming Sinobright Group Co Ltd (昆百大A) says it plans to acquire 94 percent stake in property agency firm, Beijing 5i5j (我爱我家- wo ai wo jia) Real Estate Brokerage Co Ltd, for about 6.18 billion yuan ($898 million).


Sinobright plans to sign share transfer agreement to acquire the remaining 6 percent stake in Beijing 5i5j for 378.0 million yuan. Sinobright plans to raise up to 2.5 billion yuan in share private placement to fund acquisition, projects.


China's XCMG, Brazil's OAS in joint venture talks
Chinese heavy machinery maker Xuzhou Construction Machinery Gr...

Category: Daily Newsletter 

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By: ChinaDesk | February 23, 2017

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

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Deal News

Canada approves sale of retirement home chains to Cedar Tree Investment (Anbang)
The Trudeau government has green-lighted the sale of one of British Columbia’s biggest retirement home chains to a Beijing-based insurance titan with a murky ownership structure in a deal that gives China a foothold in Canada’s health-care sector.

 

On paper, a majority stake in Vancouver-based Retirement Concepts – believed to exceed $1-billion in value – is being sold to a Chinese-owned company called Cedar Tree Investment Canada. However, Cedar Tree is the company that China’s Anbang Insurance is using to make the acquisition.

 

Congo Said to Get $100 ...

By: ChinaDesk | January 25, 2017

A Newsletter on Deal Making in China

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Deal News

Rio Tinto sells coal assets to China's Yancoal for up to $2.45 billion
Rio Tinto Plc said it agreed to sell Australian unit Coal & Allied Industries Ltd to Chinese government-controlled Yancoal Australia Ltd for up to $2.45 billion in cash. The deal involves an initial sum of $1.95 billion, followed by further annual installments, taking the total price up to $2.45 billion. Yancoal also has an option to make a single cash payment of $2.35 billion.

 

Analysts said the price was a good deal for selling off thermal coal assets, which Rio no longer views as core. Rio's share price rose 4 percent in London trade, just above gains of 3.5 percent for the wider sector.

 

China's State ...

By: ChinaDesk | January 19, 2017

A Newsletter on deal Making in China

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Deal News

 

China's Yonghui Superstores, Bain to buy U.S.-based Daymon for $413 million
China's supermarket chain operator Yonghui Superstores Co Ltd said it would team up with Bain Capital Private Equity to buy U.S. retail services group Daymon Worldwide Inc for $413 million. Yonghui will invest $165 million for a 40 percent stake in Daymon, while Bain Capital will buy 60 percent.

 

SkyBridge Agrees to Sale to China’s HNA, RON Transatlantic
SkyBridge Capital, the investment firm founded by incoming White House adviser Anthony Scaramucci, agreed to a sale to China’s HNA Capital U.S. and RON Transatlantic EG. Terms of the deal weren’t disclosed, according to a SkyBridge statement Tuesday.

 ...

Category: Daily Newsletter 

Tags: China, Venture Capital, Sanpower, China Newsletter, Dalian Wanda, LeEco, Wang Jianlin, AIIB, ChiNext Board, Hong Kong IPO, CRRC, Audi China, China M& A, E-Shang Redwood, Warbug Pincus, CDH Investments, Shenzhen Capital, Sunac China, Mergers And Acquisitions, Yonghui Superstore, Bain Capital, Daymon Worldwide, Skybridge Capital, Anthony Scaramucci, HNA Capital, RON Transatlantic, Cambridge Industrial Trust, National Australia Bank, Oxley Group, Rio Tinto, Chinalco, New Century Healthcare, J Q Pictures, Aliko Dangote, Sinotruck, UrWork, Tianhong Asset Management, CVC Capital Partners, Da Niang Dumpling, GreenTree Inns, FAW, CNR, CSR, MBTA, Railway, Agricultural Bank of China, Thomas Tull, Legendary, Jin Liqun, Juzhen Financials, Sky9 Capital, Ron Cao 

By: ChinaDesk | January 12, 2017

A Newsletter on Deal Making in China

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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...

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