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 | January 06, 2017

A Newsletter on Deal Making in China

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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...