Seventy-one deals were finalized in the Chinese merger and acquisition market in February, decreasing 40.8 percent year-on-year, including Heilan Home Garment Co Ltd going public by merging with a shell company, according to a report released by ChinaVenture Group on Monday.
|
 |
The report said the value of those completed M&A deals was $5.7 billion, a decrease of 80.7 percent year-on-year.
Heilan Home Garment Co Ltd was listed through the shell company of Sancanal Co Ltd in a 13 billion yuan ($2.1 billion) deal.
There were 249 M&A deals announced last month for a total value $8.9 billion, decreasing 5.6 percent year-on-year.
In the largest deal, German drug giant Bayer announced last month it would buy 100 percent of shares of Dihon Pharmaceutical Group Co, a maker of traditional herbal Chinese medicines, for 3.6 billion yuan.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
