Hong Kong: acquisition fever
Article Abstract:
Merger and acquisition deals worth around $5 billion were completed in Hong Kong in 1996, according to BZW Asia. It is expected that there will also be a very high level of deals in 1997, with activity being dominated by Chinese companies. China Everbright Holdings, for example, purchased a 7.7% stake in Hong Kong Telecom for HK$11.4 billion. This deal was undertaken in order to allow China Everbright Holdings to acquire assets in Hong Kong and to raise capital in the Hong Kong stock market to invest in state-owned industries in China.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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Corporate reshuffling in Hong Kong
Article Abstract:
There has been considerable reorganisation of corporate holdings in Hong Kong recently. This is partly due to preparations being made for the change-over of sovereignty in Jun 1997. There has been particularly strong active in the airline sector, with Cathay Pacific, for example, selling a controlling interest in Dragonair to China National Aviation Corp in Jun 1996. Consideration is also being given to the possibility of organised bids for Hong Kong Telecom.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
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Mixed fortunes for Europe's bargain hunters
Article Abstract:
An international fraud investigation has holted a $10.3 billion bid by banking activity Hong-Kong Shanghai Banking Corporation (HSBC) for US-based Republic New York. Other bids by HSBC are also running into trouble, causing the bank to break off talks in several deals. A $416 million bid by US Newbridge Capital for Korea First Bank is to proceed after difficulties were also encountered.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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