China M&A Wrap for the Week Ended 12/20/2010

December 19 – Minmetals Resources Ltd (HKG: 1208) said its plan to spend $1.85 billion acquiring Minerals and Metals Group which has been approved by the Australian government. The Australian company is a leading producer of zinc, copper, lead, gold and silver.
Source: http://www.yicai.com/news/2010/12/631683.html

December 17 – Youngor Group Co (SHA: 600177), a leading apparel maker based in Ningbo, Zhejiang province, said it has bought out Zhejiang Yingte Property Management Co for ¥450 million. Youngor's net profit of real estate and equity investment was worth ¥2.8 billion last year whereas the core business contributed just ¥440 million to total net profits. 
Source: http://paper.cnstock.com/paper_new/html/2010-12/17/content_69459.htm

December 16 – A consortium led by private equity fund KKR & Co has paid $100 million for a minority stake in VATS Liquor Store, a Chinese liquor chain, said people familiar with the deal, without disclosing more financial details. New Horizon Capital, a Chinese PE fund, was one of the investors.
Source: http://cn.wsj.com/gb/20101216/BCH001346.asp

December 16 – EVA Airways Corp, Taiwan's second biggest carrier, said it was planning to purchase a 16% stake in China Cargo Airlines Ltd for ¥328 million.
Source: http://cn.wsj.com/gb/20101216/BCH016566.aspc

December 15 – Hunan Nonferrous Metals Corp (HKG: 2626) said its subsidiary Zhuzhou Cemented Carbide Group Co has taken a 19.4% stake in Zhuzhou Cemented Carbide Cutting Tools Co for ¥195 million, increasing its stake to 44.75%.
Source: http://www.yicai.com/news/2010/12/628777.html

December 15 – Beijing Jingkelong Co (HKG: 0814), a supermarket chain, has agreed to take over Beijing Shoulian Supermarket Co for ¥121 million.
Source: http://finance.qq.com/a/20101216/002077.htm

December 15 – China's beer industry saw 80 mergers and acquisitions valued at ¥40 billion in the past decade, according to Cncic.org.
Source: http://finance.qq.com/a/20101216/002516.htm

December 15 – Suntech Power Holdings Co (NYSE: STP), the world's biggest crystalline solar panel maker, said it was planning to spend $127 million acquiring 375MW of silicon ingot capacity from Hong Kong's Glory Silicon.
Source: http://solarbe.com/news/content/2010/12/15109.html

December 15 – CLP Holdings Ltd (HKG: 0002) said its subsidiary TRUenergy has won regulatory approval from Australia's NSW state government to acquire Energy Australia and Delta Western for AU$2.035 billion.
Source: http://www.yicai.com/news/2010/12/628092.html

December 14 – Owens-Illinois Inc (NYSE: OI), a US glass container manufacturer, said it has signed an agreement to acquire Hebei Rixin Group's glass container division. The deal to be finalized by the end of 2010 will increase Owens-Illinois' annual capacity in China to upwards of 1 million tons from currently 440,000 tons.
Source: http://www.yicai.com/news/2010/12/627285.html

December 14 – China-Kinwa High Technology Co (SHA: 600110), a Changchun, Jilin province-based electric wire and cable maker, has won regulatory approval to take over Jiangsu Lianxin Co, a printed wiring board maker, for ¥250 million. Jiangsu Lianxin had expected to post ¥16 million in net profit for 2011.
Source: http://paper.cnstock.com/html/2010-12/14/content_68496.htm

December 14 – China Guangdong Nuclear Power Group has won regulatory approval to acquire Guangxi province-based Meiya Power Co which will be its wholly owned subsidiary.
Source: http://www.21cbh.com/HTML/2010-12-14/1OMDAwMDIxMDY1OA.html

December 13 – Kingdee International Software Group Co (HKG: 0268), a Shenzhen-based developer specializing in enterprise management software, said it has paid ¥30 million to acquire Shishen Network Technologies Co, a Zhongshan, Guangdong province-based software developer for the catering and entertainment businesses.
Source: http://www.yicai.com/news/2010/12/626551.html

December 13 – Jinan Iron & Steel Co (SHA: 600022) and Laiwu Steel Co (SHA: 600102), two steelmakers based in Shandong province, have agreed on a merger proposal.
Source: http://www.yicai.com/news/2010/12/626489.html