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.
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