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| Thursday, September 09, 2010 10:14:39 |
China M&A Wrap for the Week of 30 Jun 2010
Jun 30 – Carlyle Group agreed to spend $190 million boosting its holding in Hong Kong-based China Fishery Group to 13.6%.
Source: http://www.yicai.com/news/2010/06/368543.html
Jun 29 – Wuhan Iron and Steel Co (SHA: 600005) paid $800 million for a 40% stake in Mozambique's Zambeze mine. Currently a quarter of the coking coal needed by Chinese steelmakers are imported.
Source: http://www.cs.com.cn/xwzx/05/201006/t20100628_2487487.htm
Jun 27 – SMI Corp (HKG: 0198) said it will pay HK$1.2 billion (US$1 = HK$7.8) acquiring 12 movie theaters on the mainland owned by its largest shareholder Tan Hui. These theaters having 74 cinemas and 10,500 seats reported a combined after-tax loss of ¥5.6 million (US$1 = ¥6.8) last year, but Tan ...
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