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Mergers & Acquisitions

Mergers & Acquisitions
The latest news, analysis and opinion on Mergers & Acquisitions. In-depth analysis, industry insights and expert opinion.
Li Ka-shing (centre) during his final annual general meeting as the chairman of his flagship companies CK Hutchison Holdings and CK Asset Holdings in Hung Hom on 10 May 2018, before his retirement. Photo: Sam Tsang
Hutchison’s Panama ports deal

Li may swing BlackRock deal with just 15% of minority owners’ votes

Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.

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China technology

Wingtech sells 4.6 billion yuan assembly assets after losses from US sanctions

United States

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

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ESG investing

Hong Kong investor to leave Webb-site data as ‘gift to public interest’

David Webb says he hopes someone will carry on his work of collecting and distributing data on corporate governance and other topics.

David Webb attends an Administrative Appeals Board hearing at Central Government Offices in Tamar on July 3, 2015. Photo: K.Y. Cheng
Hong Kong property

ICBC (Asia) backs Hong Kong developers with loan support as sector struggles

Local subsidiary of China’s largest bank has ‘zero’ non-performing loans from Hong Kong developers and plans to increase home mortgages.

Banking & finance

China’s brokerage sector sees mega-mergers but remains competitive, fragmented

China’s intensely competitive securities sector, with more than 140 firms, has been repeatedly pulled up by regulators, S&P Global says.

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Infrastructure

UK utility Thames Water eyes Hong Kong’s CK Infrastructure as potential buyer

Thames Water wants CK Infrastructure as a potential buyer if court appeal fails, aiming to minimise nationalisation time and financial risks.

A protester holds a placard during a demonstration opposing court approval for Thames Water’s debt restructuring plan in London. Photo: Reuters
CK Hutchison

Li Ka-shing’s Hutchison steps back from global ports amid trade war

CK Hutchison said it would sell 80 per cent of its stakes in 43 ports in 23 countries, including Panama but excluding mainland China and Hong Kong.

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Banking & finance

China’s M&A deals set to rebound from decade-low as DeepSeek, AI fuel interest

M&A fell 16 per cent to a 10-year low in 2024 as jumbo deals dwindled, PwC says in report.

Artificial intelligence

Baidu’s US$2 billion DeepSeek-infused streaming app adopts meme-inspired name

Live-streaming platform YY Live has launched a chatbot called YYDS in a reference to DeepSeek and a popular meme used to express admiration.

Joyy’s live-streaming YY Live, which Baidu bought for US$2 billion, has launched a DeepSeek-powered chatbot named after a Chinese meme. Photo: Captured from YY Live
Banking & finance

China nudges CICC-Galaxy merger to form nation’s No. 3 brokerage

A combination of CICC and Galaxy has secured backing from Chinese authorities in recent weeks and could be announced in the coming weeks, sources said.

Stock investors in the trading hall of China Galaxy Securities in Beijing on 19 August 2008. Photo: SCMP
Banking & finance

Citigroup eyes US$500 billion in outbound investments from China and East Asia

Chinese and Taiwanese companies will invest nearly US$300 billion overseas, while those from South Korea will funnel US$200 billion.

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Elon Musk

OpenAI board rejects Elon Musk’s US$97.4 billion offer

The ChatGPT maker is not for sale, the board says, as Musk tries to block the start-up from becoming a for-profit firm.

YouTube and YouTubers

YouTube, the global online video powerhouse, turns 20

More than 500 hours of video are uploaded to YouTube every minute.

YouTube was reportedly conceived as a dinner-party lark 20 years ago. The domain YouTube.com was launched on Valentine’s Day in 2005. Photo: AFP
Electric & new energy vehicles

Product of China’s potential car mega-merger would eclipse BYD in sales

Company combining Dongfeng and Changan could allocate resources to the most competitive products and technologies, analyst says.

New cars await transport in a distribution center of Chinese state-owned automobile manufacturer Changan in southwest China’s Chongqing municipality on January 12, 2025. Photo: AFP
Nissan

Nissan to bow out of historic tie-up with Honda, Nikkei reports

The pair had been negotiating the terms of a tie-up under which Honda would absorb Nissan, bringing the two brands under a single holding company in 2026.

Banking & finance

Asian investors play big role in megafund focused on secondary PE market

Investors are paying more attention to secondary PE market amid global volatility and liquidity crunches.

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Hong Kong media

Hong Kong tycoon Richard Li to sell HKEJ publisher to PCCW for US$9 million

PCCW to pay 0.69 times revenue for the unprofitable publishing firm, versus 0.64 times average of industry peers.

Local newspapers are seen at a news stand in Hong Kong in this file photo from July 2003. Photo: Robert Ng

HongShan to acquire iconic audio brand Marshall for US$1.1 billion, sources say

The Stockholm-based company’s guitar amplifiers have been used by musicians such as Jimi Hendrix, Eric Clapton and Lana del Rey.

Elon Musk

Elon Musk sued by US SEC over delayed Twitter stake disclosure

The SEC said Musk bought more than US$500 million of Twitter shares at artificially low prices at the expense of unsuspecting investors.

European Union

Switzerland: UBS size worries former finance minister, must reduce risk

Following its takeover of Credit Suisse, some fear UBS is too large and may seek a new home outside Switzerland.

A UBS/Credit Suisse sign in St. Moritz, Switzerland. Photo: AFP
Banking & finance

Asia-Pacific loans poised for strong rebound in 2025 with M&A surge

The region’s loan volumes reached US$164 billion in the final three months of 2024 – the strongest fourth-quarter performance in three years.

M&A financing picked up in the fourth quarter of last year, with volumes almost doubling year on year to US$14 billion in Asia-Pacific excluding Japan. Photo: dpa
Switzerland

More records found linking Credit Suisse bank to Nazi accounts: US panel

Tens of thousands of documents are new proof of existence of account holders linked to the Nazis, Senate Budget Committee said on Saturday.

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Alibaba

Alibaba set on growth path after divesting offline retailing assets: analysts

After disposing of Sun Art and Intime, an ‘asset-light’ Alibaba is expected to be in a better position to compete against e-commerce rivals.

Alibaba

Alibaba sells retailer Sun Art for US$1.7 billion to refocus on e-commerce

Alibaba agreed to divest its entire stake in Sun Art Retail Group to Chinese private-equity firm DCP Capital.

The deal between Alibaba Group Holding and Chinese private equity firm DCP Capital was reached on December 31. Photo: Shutterstock
Banking & finance

China to spur mergers in US$1.6 trillion stockbroking sector: analysts

More government-led deals are likely to emerge in 2025 following the megamerger of Guotai Junan Securities and Haitong Securities.

A Guotai Junan Securities branch in Beijing. Photo: Shutterstock Images
Richard Li Tzar-kai

MetLife to buy Hong Kong tycoon Richard Li’s PineBridge in asset management push

New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.

IPO

SPAC backed by Hong Kong investors readies US$150 million NYSE IPO

The SPAC is managed and backed by executives from Pacific Aegis Capital Management, Gobi Partners and Hermitage Capital.

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