China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 07, 2017

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

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Deal News


TVB’s suitor abandons its buyout bid for Hong Kong broadcaster
TLG Movie & Entertainment Group, the little known media company that had expressed its intention to buy a controlling stake in Hong Kong’s premier free-to-air broadcaster, said it has decided to abandon its takeover plan.

TLG, a unit of Beijing’s Top Legend Group, has “decided not to proceed with the offer” to buy 29.9 per cent of TVB, according to a facsimile sent to the broadcaster, just before the expiry of a 5 pm bid deadline imposed by TVB. TVB imposed a March 7 deadline on TLG to make good on its declaration to take over the broadcaster.


Yingde Chairman's Buyout Deal H...

By: ChinaDesk | March 07, 2017

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

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Source: China Business News

Deal News


Alibaba’s arch rival JD.com spins out its financial services business
Chinese online retailer JD.com has agreed to sell its entire 68.6% stake in its financial unit JD Finance, which is backed by Chinese investors including Sequoia Capital China, for RMB14.3 billion ($2.1 billion) in cash.

 

JD.com Inc. agreed to sell its finance arm while retaining a share of its future profits, part of a deal to spin off the fast-growing division and create a strong rival to billionaire Jack Ma’s Ant Financial. Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for f...

Category: Daily Newsletter 

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By: ChinaDesk | November 05, 2016

A Newsletter on Deal Making in China

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Deal News


CICC in advanced talks to buy China Investment Securities: sources
China International Capital Corp (CICC) is in advanced talks to acquire China Investment Securities, two sources with knowledge of the matter said, as China's leading investment bank seeks to bolster its presence in the retail brokerage business.

Bank of Shanghai $1.6 billion IPO oversubscribed 763 times in biggest Shanghai listing this year
Bank of Shanghai Co's 10.7 billion yuan ($1.58 billion) initial public offering, the Shanghai bourse's largest this year, was oversubscribed by a factor of 763, according to a calculation by Reuters from two filings on Thursday and Friday.

New $1.3B Chinese Buyout Shakes Up Consolidating Ch...