Please click here to see the latest Deloitte China M&A weekly for your information. These are among the transactions announced between August 13, 2010 – August 20, 2010.
- Sun Wah Capital Limited, a diversified conglomerate based in Hong Kong, agrees to acquire additional shares in Canada-based financial service group, Kingsway International Holdings Limited (HK: 00188) for US$7.85 million.
- Sinopec Group and CNOOC talk to Brazilian oil and gas start-up OGX to buy some of the latter’s oil assets.
- Huaneng Group is in advanced talks to buy a stake in US power utility InterGen for about $1.2 billion.
- Zhongjin Gold raises US$600 million to acquire assets from parent China National Gold Group Corp.
Please contact Charles Knight in Toronto at 416-643-8329, Derek Alty in Toronto at 416-775-7209, Jeremy South in Vancouver at 604-640-3042 or Russell David in Montreal at 514-393-7358 should you have any questions.
About The Chinese Services Group
The Canada Chinese Services Group (CSG) of Deloitte & Touche LLP co-ordinates with the Deloitte Touche Tohmatsu limited member firm in China and the appropriate subsidiary of Deloitte & Touche LLP to assist Canadian companies investing and operating in China. Whether contemplating market entry, M&A or optimization of existing operations, the CSG, in collaboration with the member firm in China, can help Canadian companies implement cross-border investment strategies and navigate the associated risks.
The CSG also co-ordinates with the China Member firm and the appropriate subsidiary of Deloitte & Touche LLP to assist Chinese companies seeking to access North American markets – expanding operations, raising capital and/or engaging in M&A. Our national network of bilingual professionals works closely with colleagues in China to deliver seamless service to globalizing Chinese companies.
For more information about the Canada Chinese Services Group, please visit our website at www.deloitte.com/ca/csg or email to [email protected].
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