Chinese M&As surge 37 pct in 2012

Editor: 管理员      Date:2013-01-30      Hit:3345
%3CP%3E%3CFONT%20face%3DVerdana%3EMergers%20and%20acquisitions%20%28M%26amp%3BAs%29%20by%20Chinese%20enterprises%20surged%2037%20percent%20year%20on%20year%20in%202012%20in%20terms%20of%20their%20disclosed%20transaction%20value%2C%20according%20a%20report%20issued%20by%20a%20research%20and%20consulting%20institute.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20total%20value%20of%20disclosed%20M%26amp%3BA%20transactions%20involving%20Chinese%20firms%20amounted%20to%20307.79%20billion%20U.S.%20dollars%20in%202012%2C%20up%2037%20percent%20year%20on%20year%2C%20according%20to%20data%20released%20Sunday%20by%20ChinaVenture.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20amount%20is%20the%20greatest%20recorded%20since%202007%2C%20with%20the%20total%20transaction%20value%20nearly%20tripling%20since%20then%2C%20the%20report%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHowever%2C%20the%20total%20number%20of%20M%26amp%3BAs%20was%20down%20last%20year%2C%20with%20a%20total%20of%203%2C555%20transactions%20announced%2C%20down%2023%20percent%20from%202011%2C%20the%20report%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20total%20value%20of%20completed%20transactions%20also%20shrank%20by%2017%20percent%20year%20on%20year%20to%20stand%20at%20127.45%20billion%20U.S.%20dollars%2C%20the%20report%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChinaVenture%20analyst%20Fiona%20Wan%20said%20last%20year%27s%20M%26amp%3BAs%20were%20marked%20by%20single%20transactions%20that%20involved%20large%20corporations%20and%20huge%20sums%2C%20resulting%20in%20fewer%20cases%20but%20a%20larger%20total%20scale.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAmong%20the%202%2C458%20closed%20M%26amp%3BAs%2C%20a%20total%20of%20230%20were%20cross-border%20deals%2C%20generating%20a%20transaction%20volume%20of%2036.63%20billion%20U.S.%20dollars%2C%20the%20report%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAffected%20by%20the%20lackluster%20global%20economy%2C%20many%20overseas%20assets%20tended%20to%20be%20undervalued%20and%20Chinese%20investors%20were%20more%20willing%20to%20engage%20in%20mergers%2C%20Wan%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20energy%20and%20mining%20sectors%20accounted%20for%20most%20of%20last%20year%27s%20M%26amp%3BA%20activity%2C%20topping%20other%20industries%20with%20a%20total%20transaction%20scale%20of%2033.52%20billion%20U.S.%20dollars%2C%20according%20to%20the%20report.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EA%20notable%20case%20was%20the%20China%20National%20Offshore%20Oil%20Corporation%20%28CNOOC%29%27s%20bid%20to%20buy%20the%20Canada-based%20Nexen%20Inc.%20for%2015.1%20billion%20U.S.%20dollars%2C%20a%20deal%20that%20will%20be%20China%27s%20biggest%20overseas%20acquisition%20ever%20once%20completed.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20terms%20of%20the%20number%20of%20transactions%20completed%2C%20the%20manufacturing%20sector%20ranked%20first%20with%20450%20M%26amp%3BA%20deals%20closed%20in%202012%2C%20followed%20by%20the%20energy%2C%20mining%20and%20financial%20sectors%2C%20the%20report%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20entertainment%2C%20cultural%20and%20Internet%20sectors%20also%20closed%20some%20major%20deals%2C%20including%20a%207.1-billion-U.S.%20dollar%20share%20repurchase%20by%20the%20Alibaba%20Group%2C%20a%20Chinese%20e-commerce%20platform%20provider%2C%20and%20Dalian%20Wanda%20Group%20Co.%27s%20purchase%20of%20U.S.%20cinema%20chain%20AMC%20Entertainment%20Inc.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%26nbsp%3B%3C/P%3E%0D%0A%3CP%3E%28Xinhua%29%3C/P%3E