Don't have an account yet? Get FREE 7-Day Trial
September 14 – Shenhua Guohua Energy Investment Co, a subsidiary of Shenhua Group, the nation's biggest coal producer, said it has purchased a 75% stake in Hydro Tasmania's 168MW Musselroe wind farm, which is currently under construction and backed by $414m in investment. Guohua's Australian subsidiary, Shenhua Clean Energy Holding, has already invested in Hydro Tasmania's two Woolnorth wind projects.
http://www.yicai.com/news/2012/09/2076872.html
September 12 – Fisher and Paykel Appliances, New Zealand's biggest home appliance maker, said it has received a $705 million takeover offer from China-based Haier Electronics Group Co (HKG: 1169), which already owns 20% of the company, to gain full control. The price represents a 15.4% premium over its share price.
http://cn.reuters.com/article/chinaNews/idCNCNE88B00L20120912
September 6 – China Shenhua Energy Co (SHA: 601088, HKG: 1088), the nation's biggest coal producer, said it has been given regulatory approval to acquire a 100% stake in State Grid Energy Development Co from State Grid Corp of China. State Grid Energy had ¥55 billion in total assets as of December 31, 2011.
http://www.yicai.com/news/2012/09/2058963.html
September 6 – China's M&A market reported 82 transactions, 73 of which were disclosed involving a combined $1.53 billion, according to Zero2IPO. Real estate was the most active industry, with 12 transactions recorded.
http://finance.qq.com/a/20120906/001700.htm
September 5 – Jiangsu Lugang Science & Technology Co (SHA: 601599), a woolen yarn and fabric maker, said it plans to pay ¥18.8 million for a 51% stake in Xi'an-based Melody Hotel, which posted a ¥2.61 million net profit on ¥16 million in revenues for the first seven months of 2012. Jiangsu Lugang expects the acquisition to diversify its business and shore up risk control.
http://www.yicai.com/news/2012/09/2055628.html
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
HOME
