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January 29 – Guangzhou Haige Communications Group Inc (SHE: 002465) said it plans to spend ¥71 million purchasing a 59.16% stake in peer, Huankun Technologies Co, which develops satellite communication products for state-funded projects. Haige considered Huankun a promising business despite its ¥8.34 million loss recorded last year.
http://www.yicai.com/news/2012/01/1388573.html
January 28 – Sany Heavy Industry Co (SHA: 600031), China's largest construction equipment manufacturer, said it will join forces with Citic PE Advisors – a Chinese private equity company – to acquire all of Putzmeister, a German concrete pump maker, for an undisclosed amount. Citic will retain a minority shareholding. People close to the deal put the value at $660 million. Putzmeister's revenue totaled $754 million in 2011.
http://www.yicai.com/news/2012/01/1390126.html
January 20 – Tencent Holdings Ltd (HKG: 0700), a leading Chinese internet company, said its wholly-owned Sinigapore-based subsidiary, Aceville Pte, will spend $26.95 million buying 49% of Level Up Interactive SA, a Brazilian game developer and operator, to help Tencent explore the South American gaming market.
http://tech.qq.com/a/20120120/000293.htm
January 20 – China Investment Corp, the nation's $410 billion sovereign wealth fund, plans to purchase a 10% in Thames Water, a London-based water supplier, the Financial Times reported.
http://cn.reuters.com/article/chinaNews/idCNCNE80J03U20120120
$1 = ¥6.31
@2011 China Economy @ The China Perspective.
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