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May 15 – News Corp has taken a 19.9% stake in Bona Film Group Ltd (Nasdaq: BONA), one of the largest privately owned film distributors in China, to tap into a market where box office takings jumped 29% to ¥13 billion and the number of cinema screens climbed 40% to over 2,800 last year. No financial details were disclosed for the deal.
http://www.people.com.cn/h/2012/0515/c25408-4018750107.html
May 15 – Wkland Investments Co, a Hong Kong-based unit of China's biggest property developer China Vanke Co (SHE: 000002), agreed to pay $139.1 million for a 73.9% stake in Winsor Properties Holdings Ltd (HKG: 1036) from Wing Tai Properties Ltd (HKG: 0369). It was Vanke's first acquisition outside of the mainland.
http://cn.wsj.com/gb/20120515/BCHc-20120515WR075950159.asp
May 15 – French advertising company Publicis Groupe SA acquired Chinese digital marketing company Longtuo in a bid to gain strength online as China's mounting television regulations push advertisers to the internet, the Wall Street Journal reported. Longtuo will operate under Publicis's digital arm, Razorfish. The move marks Publicis's fourth purchase in China's booming yet fragmented advertising market.
http://online.wsj.com/article/SB10001424052702304192704577404011203969948.html
May 10 – Industrial & Commercial Bank of China Ltd (SHA: 601398, HKG: 1398) won approval from the Federal Reserve to buy Bank of East Asia Ltd's (HKG: 0023) unit in the US, Bloomberg reported. The deal, which was reviewed by the Department of Justice, marks the first Chinese bank's acquisition of a majority stake in a US depository institution.
http://www.bloomberg.com/news/2012-05-10/icbc-gets-fed-nod-as-chinese-banks-seek-u-s-growth.html
May 10 – China's government will support mergers and acquisitions in the pharmaceutical industry, hoping to make the top 100 drug makers responsible for 50% of industry revenues by 2015, according to the Ministry of Industry and Information Technology.
http://www.cs.com.cn/xwzx/05/201205/t20120510_3345467.html
May 8 – China will simplify approving Chinese acquisitions overseas to help domestic firms go global, according to the China Securities Regulatory Commission and the Ministry of Commerce.
http://www.yicai.com/news/2012/05/1704147.html
May 7 – China's mergers and acquisitions market saw 191 transactions valued at a combined ¥136.11 billion in April, down 63.4% and up 40.1% respectively from the previous month, according to ChinaVenture.
http://finance.qq.com/a/20120508/001137.htm
May 7 – AMC Entertainment, which owns the second largest movie theater chain in North America, is in talks to sell the company or a significant stake in it to Wanda Group, one of China's largest theater owners, the New York Times reported, citing people briefed on the discussions. The people who described the discussions spoke on condition of anonymity because the talks are private and not finished. AMC is currently evaluated to be worth roughly $1.5 billion.
http://www.nytimes.com/2012/05/08/business/media/amc-said-to-be-talking-sale-to-wanda-group-of-china.html
$1 = ¥6.31
@2011 China Economy @ The China Perspective.
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