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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.
Alinta owns a portfolio of power-generation assets and a gas and electricity retail business throughout Australia. Photo: Handout
Chow Tai Fook

Chow Tai Fook sells Australian energy assets for US$4.3 billion

Sembcorp Industries to acquire 100 per cent ownership of Alinta Energy, which Chow Tai Fook acquired in 2017.

Hong Kong property

Hong Kong’s Hang Seng University joins property rush with US$11.6 million deal

Semiconductors

Chinese supercomputer maker Sugon and chip developer Hygon call off merger plans

Hong Kong property

McDonald’s tastes fat profit in US$9.3 million Hong Kong property sale

Company secures 200 per cent gain in the fourth sale in an initiative to dispose of eight retail spots across the city.

McDonald’s sold this property in the Tai Fong Building in the Cosmopolitan Estate in Tai Kok Tsui on November 26, according to Land Registry records. Photo: Handout
Retailing

China’s Anta considers bid for Germany’s Puma amid 62% stock slump: sources

Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma and could team up with a private equity firm, sources said.

Commodities

BHP drops Anglo American bid again as rival rejects new proposal

BHP made the approach just weeks before shareholders from Anglo and Teck vote on a merger deal.

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Macau

SJM cancels plan to buy Ponte 16, but pursues deal for L’Arc Macau

SJM terminates acquisition plan a week after posting a 91 per cent fall in third-quarter net profit.

An aerial view of the Casino Grand Lisboa, one of the flagship properties in Macau of SJM Holdings. Photo: Handout
United States

Meta defeats US antitrust case over Instagram and WhatsApp acquisitions

The ruling gives Big Tech its first decisive win against the antitrust crackdown started in Trump’s first term.

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China trade

Nexperia fallout: chip spat reignites EU debate over Chinese investments

In aftermath of Netherlands’ controversial seizure, scrutiny looms over Chinese acquisitions, US influence and EU’s ability to balance security with open markets.

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Starbucks

Starbucks seals deal to sell 60% of China business to private-equity firm

Deal ends months of speculation about whether US company would divest itself of its cooling mainland business.

Customers sit in a Starbucks store in Beijing on May 10, 2019. Photo: AP Photo
Banking & finance

Hang Seng Bank appoints Somerley Capital to assess HSBC’s buyout offer

Somerley will provide its opinion to assist Hang Seng Bank’s independent board committee to evaluate HSBC’s proposal.

HSBC announced a plan on October 9 to privatise its Hang Seng Bank subsidiary. Photo: Jelly Tse
Luxury Hotels

Jardine Matheson to buy remaining stake in Mandarin Oriental

The move comes as Jardine seeks higher returns from its sprawling businesses.

Hong Kong property

Alibaba, Ant buy Hong Kong offices, in city’s biggest deal since 2021

Alibaba and Ant bought 301,555 square feet of space in the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights.

Biomedicine: Companies

Singapore’s Nanyang Biologics to list on Nasdaq amid Trump’s pharma tariffs

The start-up agrees to merge with a special-purpose acquisition company in a deal that puts its value at US$1.5 billion.

Nanyang Biologics expects to become a player in the US$30 billion market for AI-based drug discovery. Photo: Shutterstock
Banking & finance

Is HSBC’s US$13.6 billion buyout offer good enough for Hang Seng Bank investors?

While the premium for Hang Seng Bank shares is huge, analysts debate if it is a win-win for investors and HSBC’s long-term value.

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Hang Seng Bank’s logo is seen at the bank’s headquarters. HSBC’s proposal values Hang Seng Bank at US$37.3 billion. Photo: Jelly Tse
Banking & finance

Why is HSBC privatising Hang Seng Bank? It’s for efficiency, analysts say

The privatisation will lead to synergies, save costs and improve efficiency in terms of personnel and systems, Everbright’s Kenny Ng says.

Li Ka-shing

CK Life unit merges with TransCode as Li Ka-shing firm eyes anticancer drugs

Upon completion of the transaction, CK Life will own about 9.1 per cent of TransCode’s outstanding common shares.

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Banking & finance

HSBC to take Hang Seng Bank private in surprise bid for efficiency

HSBC offers to buy subsidiary Hang Seng Bank’s shares for HK$155 each, according to an exchange filing on Thursday.

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A general view of the headquarters of Hang Seng Bank. Hang Seng is 62.14 per cent owned by HSBC. Photo: Jelly Tse
Robotics

SoftBank strikes deal to acquire ABB’s robotics business for US$5.4 billion

The deal marks a significant push by SoftBank founder Masayoshi Son into robotics, as he expands investment after a period of retrenchment.

Milan Fashion Week

Milan Fashion Week: Giorgio Armani’s show paid tribute to the late visionary

Cate Blanchett, Richard Gere and Glenn Close were at the brand’s show at Pinacoteca di Brera, where an exhibition dedicated to Armani is on view.

Semiconductors

Ant Group acquires stake in Chinese memory chip firm InnoStar

The deal signals continued Chinese efforts to support domestic suppliers and reduce reliance on imported semiconductors.

Ant Group’s latest deal reflected efforts by Chinese Big Tech companies to boost support for mainland-designed chips. Photo: Shutterstock
Banking & finance

China M&A back on upwards trajectory amid favourable market conditions

M&As on the mainland rose 45 per cent in the first half to US$171.5 billion, with 29 deals valued at more than US$1 billion, according to PwC.

Naura Technology’s US$235 million deal in March for a 9.5 per cent stake in Kingsemi was one of the biggest M&A deals on the mainland in the first half. Photo: CFOTO/Future Publishing via Getty Images
International Property

Philippines’ Zobel de Ayala clan makes US$2.5 billion bet on retail, hotels

Ayala Land, which recently bought New World Development’s Makati hotel, is bullish on the country’s retail and hospitality segments.

Blockchain

Leather goods maker soars 68% after investing in tokenisation start-up

Hong Kong-listed China International Development Corporation acquires a 20% stake in NVT amid enthusiasm over virtual assets.

Electric & new energy vehicles

China’s oldest carmaker eyes stake in Leapmotor amid EV surge

The investment, which is yet to be finalised, would lead to joint development of EVs and bolster overseas expansion, report says.

Leapmotor EVs are parked outside a showroom in Hangzhou in eastern China’s Zhejiang province. Photo: AP
Semiconductors

China’s No 2 foundry Hua Hong seeks acquisition to bolster legacy chips lead

While US sanctions have kept China behind in advanced chipmaking, production and demand for legacy chips have maintained momentum.

Hua Hong Semiconductor is looking to consolidate its resources in manufacturing legacy chips. Photo: Handout
Hong Kong stock market

CK Hutchison says US$23 billion global ports sale delayed until 2026

The deal is taking much longer than expected because of the size and complexity, co-managing director Frank Sixt says.

China Evergrande Group

Liquidators hire UBS and Citic to sell Evergrande’s property services unit

Court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group.

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