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March 14 – Inner Mongolia Baotou Steel Union Co (SHA: 600010) said its planning a private placement aimed at raising ¥6 billion to buy two miners from its parent group who will subscribe to ¥500 million to ¥2 billion of the new offerings. Baotou Steel said it wants to buy the miners to increase its self sufficiency of raw materials.
Source: http://www.cs.com.cn/xwzx/05/201103/t20110313_2808440.html
March 14 – China Resources Power Holdings Co (HKG: 0836) has agreed to acquire SAADEC Hong Kong from Panpu Plc, a leading Thai miner. SAADEC Hong Kong owns a 56% stake in Shanxi Huaning Mining Co.
Source: http://cn.wsj.com/gb/20110314/BCH002912.asp
March 11 – Heineken-APB China Pte Ltd, a controlling shareholder of Kingway Brewery Holdings Ltd (HKG: 0124), has agreed to sell a 21.37% stake in the company to China Resources Enterprise Ltd (HKG: 0291).
Source: http://cn.wsj.com/gb/20110311/BCH004786.asp
March 10 – Changjiang & Jinggong Steel Building Group Co (SHA: 600496) have won regulatory approval to acquire Hong Kong-based Asia Buildings Co for $70 million. Asia Buildings own 84.64% of Shanghai Jinrui International Building System Co, 100% of Jinrui's Zhejiang branch and 100% of Nupu Building Materials Shanghai Co.
Source: http://finance.qq.com/a/20110310/002091.htm
March 10 – China will step up mergers and acquisitions in the carmaking industry during the next five years, said Miao Xu, the minster for industry and information technology.
Source: http://www.cs.com.cn/xwzx/05/201103/t20110310_2806208.html
March 9 – CGNURC, a subsidiary of China Guangdong Nuclear Power Corp focused on uranium, plans to acquire Britain-based Kalahari Minerals Plc for $1.23 billion. Kalahari Minerals owns 42.79% of Extract Resources and 44.9% of North River Resources Plc, both of which engaged in the uranium business.
Source: http://company.nbd.com.cn/newshtml/20110309/20110309031718794.html
March 9 – Hainan Airlines Group, the parent of Hainan Airlines Co (SHA: 600221), is in talks to purchase a 10% stake in BAA, the operator of London Heathrow and Stansted airports and Scotland's main airports, said people familiar with the matter.
Source: http://www.yicai.com/news/2011/03/703906.html
March 9 – Shanghai Hualian Lawson Co, a convenience store chain between Shanghai Bailian Group and Japan's Lawson, has agreed to let the Japanese take a controlling stake in the joint venture, said people familiar with the situation. Shanghai Bailian is expected to reduce its holdings to less than 20% from 51%. Bailian declined to comment.
Source: http://www.yicai.com/news/2011/03/703255.html
March 8 – Shanghai Jiaoda Onlly Co (SHA: 600530), a manufacturer of biomedicine and healthcare products, plans to spend ¥96.4 million purchasing 0.1618% stake in Guotai Junan Securities Co, a leading Chinese brokerage. The deal will increase Jiaoda Onlly's holdings Guotai Junan to 0.4437%.
Source: http://www.yicai.com/news/2011/03/703169.html
$1 = ¥6.57
@2011 China Economy @ The China Perspective.
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