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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.
last updated:
9 September, 2024
The asset management arm of US insurer MetLife has agreed to buy PineBridge Investments. Photo: Reuters
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

CK Hutchison

CK Hutchison’s Wind Tre unit faces Italian tax probe in €3.4 billion asset sale

Honda

Nissan and Honda may merge to take on larger rivals and EV makers

Honda is considering several options including a merger, capital tie-up or the establishment of a holding company, Executive Vice-President Shinji Aoyama said.

BYD’s dealership in Yokohama, the home base of Nissan Motor, on April 3, 2023. Photo: AP
Banking & finance

China pushes M&A to build 10 hi-tech firms to be globally competitive by 2027

The industries in question include integrated circuits, biopharmaceuticals and new materials.

Banking & finance

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

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China Mobile

China Mobile makes takeover bid for HKBN with US$1 billion offer

China Mobile has received undertakings from Canada Pension Plan Investment Board and US private equity firm TPG, which hold a combined 25 per cent stake.

Hong Kong Broadband Network (HKBN) is a takeover target for China Mobile and I Squared Capital. Photo: Sam Tsang,
Banking & finance

China M&A outlook calls for Hong Kong talent influx: Deutsche Bank Asia head

The need to refinance and enter new markets is very high on the radar of mainland firms, says Alexander von zur Muehlen.

Banking & finance

Chinese M&A activity seen rising amid Trump tariff threat

‘More tariffs may mean that the globalisation of Chinese companies is going to get faster,’ Deloitte analyst says.

China stock market

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

Guotai Junan Securities and Haitong Securities announced the details of their merger plan on Friday. Photo: Shutterstock
China Mobile

China Mobile in talks to buy broadband service provider HKBN

HKBN says its board received a proposal for a cash bid from China Mobile.

A China Mobile store in Chengdu. Photo: Shutterstock
Biomedicine: Companies

Germany’s BioNTech buys Biotheus in US$800 million push into cancer drugs

BioNTech says deal will support its push into the development of cancer drugs using its proven mRNA technology.

IPO

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

China technology

Oppo enters tech pact with top EV maker BYD, acquires AI start-up

The latest initiatives by Oppo show its ambition to diversify and expand its business beyond the smartphone industry.

Oppo expects to roll out generative artificial intelligence functions to its 50 million smartphone users by the end of this year. Photo: Shutterstock
Semiconductors

Qualcomm’s bid to buy Intel hinges on US election, China scrutiny

Qualcomm, which has made informal inquiries with Chinese regulators, could wait until January to make a decision, sources say.

The Qualcomm headquarters in San Diego, California. Photo: The San Diego Union-Tribune/TNS
Singapore

Singapore blocks Income’s deal with Allianz amid ‘structure, terms’ concerns

Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.

India

Air India faces growth challenges as Ratan Tata’s death highlights legacy issues

The flag carrier has placed huge orders to expand its fleet and is in the process of merging with full-service airline Vistara.

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Banking & finance

China Renaissance names missing founder’s wife to chair investment bank

Hui Yin-ching, also known as Xu Yanqing, was designated as the chairperson of the bank’s board and executive director effective October 9, Renaissance said.

China Renaissance’s founder Bao Fan and his wife Hui Yin-ching during the 2018 Breakthrough Prize at NASA Ames Research Center on December 3, 2017 in Mountain View, California. Photo: Getty Images.
Hong Kong

Exclusive | Dubai’s DP World eyes mainland China market with Hong Kong acquisition

The UAE ports firm aims to leverage its acquisition of Cargo Services Far East to enhance logistics, connect Chinese products globally and expand in Africa.

Video gaming

Assassin’s Creed publisher Ubisoft reviews ‘options’ amid Tencent buyout report

France’s largest video gaming firm, which has long been seen as a takeover target, declined to comment on Tencent’s reported buyout interest.

International Property

Japanese hotels a magnet for Hong Kong investors to diversify, mitigate risks

Japan’s low interest rates and booming tourism are attracting investors like the Chiu family and Dorsett Hospitality International.

The night shopping street at Dotonbori, a famous destination for tourists in Osaka. Photo: Shutterstock
Video gaming

Tencent, Guillemot family said to eye buyout of French video gaming firm Ubisoft

Shares of Ubisoft, in which Tencent has a direct stake, have fallen about 40 per cent this year amid weaker-than-expected sales.

Some minority shareholders have been pushing for either a take-private or a sale of Ubisoft to a strategic investor amid the firm’s stock-price plunge. Photo: Shutterstock
Semiconductors

China’s JCET buys Shanghai plant of US flash memory maker SanDisk

The US$624 million deal is expected to enlarge JCET’s share in China’s data storage market.

Semiconductors

Intel rebuffs Arm after British firm asked to buy US chip maker’s product unit

In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations.

Banking & finance

Will new policy encourage Chinese banks to invest in struggling start-ups?

Beijing’s encouragement for banks to boost investment in unlisted companies is a big move in the effort to support start-ups, analysts say.

Li Yunze, director of the National Administration of Financial Regulation. Photo: Reuters
China stock market

Chinese regulator urges listed firms to revamp assets, boost market value

CSRC details policies including fast-track approval for M&A activity by large firms as it looks to burnish the stock market’s appeal.

People photograph a bull sculpture along the Bund in Shanghai on September 12, 2024. Photo: Bloomberg
Fosun Group

China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier.

Accounting and auditing

PwC invests in ‘high quality’ business to survive in China after fine

PwC Zhong Tian was hit with a six-month suspension and a fine of 441 million yuan on Friday over the firm’s audit of failed property developer China Evergrande Group.

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