The latest acquisition of a Hong Kong family firm to mainland buyers involved that of former Hong Kong Chief Executive Tung Chee-hwa (above), whose shipping company Orient Overseas International was bought by Chinese rival Cosco Shipping Holdings for HK$49.23 billion (US$6.3 billion). Photo: David Wong

Mainland acquirers expected to swoop on more Hong Kong family firms

China’s SOEs are showing big interest across a broad range of sectors particularly takeover deals linked to China’s ‘Belt and Road’ economic initiative

Topic |   Mergers & Acquisitions

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The latest acquisition of a Hong Kong family firm to mainland buyers involved that of former Hong Kong Chief Executive Tung Chee-hwa (above), whose shipping company Orient Overseas International was bought by Chinese rival Cosco Shipping Holdings for HK$49.23 billion (US$6.3 billion). Photo: David Wong
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