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

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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 | February 24, 2017

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

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Deal News

Content Delivery Specialist Goes Global with $186 Million Purchase
Shenzhen-listed Internet services provider Wangsu Science & Technology Co. Ltd. said it has agreed to buy South Korean peer CDNetworks for 21.1 billion yen ($185 million) in a bid to quickly expand its content delivery services outside its home market.

Wangsu is buying about 85% percent of CDNetworks’ shares from KDDI Corp., one of Japan’s leading wireless carriers. KDDI bought its CDNetworks stake in 2011 for $167 million with a similar aim of extending its own global reach by tapping the South Korean company’s network.

 

HNA Buys Controlling Stake in Oil and Gas Dis...

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 | November 29, 2016

A Newsletter on Deal making in China

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Deal News

 

China’s foreign investment ‘shopping spree’ over as Beijing moves to slash capital outflow
The central government is embarking on a massive policy shift designed to stem capital outflow by curbing mainland China’s outbound investment. Tighter control of outbound investment is likely to put an end to a trophy asset shopping spree by well-connected companies such as Anbang Insurance and Dalian Wanda, with Beijing ready to cut the supply of foreign exchange for such deals.

 

Minutes of a central bank meeting on cross-border capital controls, said that from now until September next year Beijing would ban deals involving investment of more than US$10 billion, mergers and acquisitions valued at mor...