China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | May 21, 2017

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

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Deal News


Shanghai Pharma weighs rival bid for Germany's Stada
Shanghai Pharmaceutical Holding Co Ltd said it may bid for Stada Arzneimittel AG - a move that would pit it against buyout firms Bain and Cinven which have made a joint offer of nearly $6 billion for the German generics drugmaker.

The Chinese company said in a filing it had recently discussed the matter with "a couple of financial investors" but added it had not made a concrete offer and there were still many uncertainties. Shanghai Pharma, which has a market value of $9 billion, needs to submit its bid by June 8 if it wants to challenge an existing 66 euro-a-share bid by Bain and ...

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...

By: ChinaDesk | September 23, 2016

A Newsletter on Deal Making in China

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Deal News
 

China’s Capital Outflows Via M&A Are a Big Concern, Regulator Says


China‘s forex regulator acknowledged that it has found Chinese firms and individuals moving assets overseas via mergers and acquisition deals, but officials said pressure on capital outflows is easing.


“In the past year we found some Chinese firms and individuals moving assets overseas via outbound investment, this is certainly a key area of concern for us,” Guo Song, an official with the State Administration of Foreign Exchange (SAFE) told a Beijing news conference on Thursday.

But he said no “large-sized” capital outflow via fake trade deals has been detected by the supervision body so far, and China will keep up pres...