Mergers and Acquisitions

Did Temasek overpay for its stake in AS Watson?

The AS Watson deal allows Li Ka-shing to pull out some capital from the retailer and redeploy it for better returns. Photo: Bloomberg

Li Ka-shing's latest move to quickly close a HK$44 billion private deal with Singapore's Temasek for 25 per cent of AS Watson may be convenient for him, but the future could reveal that the sovereign wealth fund overpaid for Asia's richest man's own perceived brand and prowess.

Wednesday, 2 April, 2014, 1:01am 2 comments

Firms bolder about M&A as number of big deals rises

Facebook's US$19.4 billion purchase of messaging firm WhatsApp was among the biggest deals in the first quarter. Photo: Bloomberg

A string of large transactions drove the value of global mergers and acquisitions (M&A) activity up by 54 per cent in the first quarter compared with the same period last year, reflecting greater deal-making confidence among chief executives.

29 Mar 2014 - 12:39am

Syndicated loan prices to stabilise this year, industry group says

Strong demand for syndicated loans in the Asia-Pacific is expected to continue. Photo: EPA

Last year’s drop in the prices of syndicated loans is unlikely to be repeated in 2014, the head of the Asia Pacific Loan Market Association (APLMA) said.

14 Feb 2014 - 5:14pm

Taiwan tells Mega Financial to weigh merger with Chang Hwa Bank

A successful merger would have a combined net value of more than HK$26 billion, Taiwanese media said. Photo: Chang Hwa Bank website

Taiwan’s finance ministry has asked state-run Mega Financial to evaluate the possibility of merging with rival Chang Hwa Bank in what could be the biggest merger in the banking sector in more than a decade, local newspapers reported on Monday.

25 Nov 2013 - 2:57pm

More firms keen on mergers and acquisitions, poll finds

Shuanghui International's acquisition of Smithfield Foods is a recent example of a major M&A deal. Photo: Xinhua

Growing optimism about the global economy is likely to lead to a marked pick-up in the number of mergers and acquisitions over the coming months, a survey of executives found Monday.

28 Oct 2013 - 2:14pm

M&As in China expected to stay buoyant

Kelvin Wu of AID Partners, the new owner of HMV in Hong Kong

Mergers and acquisitions in the mainland's cultural industry will maintain momentum and continue an upward trend, Deloitte research shows.

Market analysis by the firm shows there were 156 mergers worth US$9.6 billion in the mainland cultural market last year, a rise of 246 per cent from 2011.

13 Apr 2013 - 4:51am

Verizon denies intention to merge with or buy Vodafone

Verizon Communications said it does not “currently have any intention” to merge with or buy its partner Vodafone Group, either alone or in conjunction with others, in response to press reports.

3 Apr 2013 - 12:18pm

Mainland firms to increase investment in Europe

One of the deals signed last year is the acquisition of German concrete pump supplier Putzmeister by Sany Heavy Industry, China's biggest machinery maker. Photo: Xinhua

Of 74 companies that have invested in the 27-nation bloc, 97 per cent plan to make additional investments in the near future, according to a report released yesterday by the EU Chamber of Commerce in China, KPMG and Roland Berger Strategy Consultants.

1 Feb 2013 - 5:22am

Foreign expansion ambitions to boost China M&A

Sinopec spent US$2.5 billion on the acquisition of a Nigerian offshore project from French energy company Total last year. Photo: Bloomberg

China's merger and acquisition (M&A) activity is expected to rebound this year, driven mainly by the overseas expansion ambitions of privately owned companies in the retail and consumer goods sector, global accounting firm PricewaterhouseCoopers (PwC) said yesterday.

31 Jan 2013 - 5:20am

Li Ka-shing firm buys NZ waste manager

Cheung Kong Infrastructure Holdings (CKI) is paying US$412 million to fully acquire a New Zealand waste management company. CKI is controlled by Hong Kong's Li Ka-shing. Photo: SCMP

Cheung Kong Infrastructure Holdings (CKI), controlled by Hong Kong's richest man Li Ka-shing, has bought a loss-making New Zealand waste management firm for NZ$490 million (HK$3.18 billion).

16 Jan 2013 - 4:25am

What price is the FT's independence?

The FT's future is in doubt as Pearson's new chief executive John Fallon does not appear to care much about newspapers. Photo: Bloomberg

One of the remarks I cherish from my young career as a reporter came from a hard-bitten Fleet Street veteran on the eve of my departure from Britain's Daily Telegraph group to join the foreign desk of the Financial Times. "This is your funeral as a journalist," he proclaimed. "The Financial Times is not a newspaper; it is a trade magazine for the City."

9 Jan 2013 - 4:08am

Signs of the Times

The search for a buyer of the high-profile Financial Times newspaper has led British publisher Pearson to China. Photo: AFP

Three months after British media company Pearson reportedly started testing the waters for a possible sale of its flagship newspaper, the Financial Times, the company’s advisers have come all the way to China in their search for potential buyers.

8 Jan 2013 - 9:48am

Things are already looking up above and on ground for 2013

Premier Wen Jiabao

In 2012 we spent much of the year raging about illegal car parking, Hong Kong's dirty air, the Shek Kwu Chau incinerator, the legal system, banks and their travails, the politics of illegal structures and local politics. What can we say about the year ahead?

8 Jan 2013 - 4:21am

Business Management: China's M&A deals

Illustration: Martin Megino

Chinese companies are increasingly using overseas mergers and acquisitions (M&As) as a way of acquiring new capabilities as they expand globally.

5 Jan 2013 - 7:10am

2013: Hong Kong's year of regulatory reform

Secretary for Financial Services and the Treasury Professor Chan Ka-keung

Happy New Year to all readers of White Collar. Last year marked a plethora of reforms and challenges for many listed companies, accountants, investment bankers, even the stock exchange and the regulator.

1 Jan 2013 - 4:13am