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 | November 16, 2016

A Newsletter on Deal Making in China

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Deal News

 

China Minsheng Financial eyes financial sector buys in Europe
China Minsheng Financial Holding Corp is scouting for acquisitions of financial services companies including banks in Europe, betting on the bloc's strengthening ties with the world's second-largest economy, a top executive said.


China Minsheng Financial's planned push into the European Union's financial sector comes against the backdrop of some countries looking for investors to bail out their stressed banks, and Beijing's push to bolster trade ties with Europe. Portugal's Novo Banco, which the state is trying to sell after a 2014 rescue, has several new potential buyers, including China Minsheng Financial, a senior government offi...