China's mergers and acquisitions market rebounded from three consecutive lackluster months after seeing 313 transactions valued at ¥98.77 billion announced in November, up 26% and 53% respectively from October, according to ChinaVenture.

There were 190 transactions completed in last month, 162 of which were disclosed, worth a combined ¥44.92 billion.

Of the 162 disclosed deals in November, manufacturing was the most active industry with 32 transactions (up 17% from October), followed by 26 transactions in the finance industry (up 14% from October) and 20 transactions in the energy and mining industry (up 10% from October).

The chemical industry saw the largest value of transactions done in November, totaling ¥14.3 billion (up 32% from October), as CNOOC Ltd (NYSE: CEO, HKG: 0883), China's biggest offshore oil producer, finalized its $2.1 billion takeover deal with Canada-based Patheon Inc.

The agricultural industry came in second with ¥8.4 billion worth of transactions (up 19% from October), buoyed by Sichuan New Hope Agribusiness Co (SHE: 000876), which spent ¥5.27 billion purchasing Shandong Liuhe Group, a feed producer.

In November, mergers and acquisitions taking place in China included 156 transactions involving a total of ¥29.99 billion; three transactions involved Chinese firms spending a combined ¥14.44 billion on offshore mergers and acquisitions; and three transactions involved foreign firms spending a combined ¥5 million on mergers and acquisitions in China.

$1 = ¥6.33

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