The Wall Street Journal reports Aixtron SE shares surged Monday after Chinese entrepreneur Zhendong Liu made a takeover offer for the German chip maker, valuing the company at 670 million euros ($751 million), the latest in a series of acquisitions fueled by China’s appetite for European expertise. China’s Fujian Grand Chip Investment Fund LP, 51%-owned […]
Category: Business Practice
A wave of corporate collapses is expected in both mainland China and Hong Kong as insolvency cases look set to soar in a slowing economy, says credit insurer. Fabrice Desnos, head of Asia-Pacific of credit insurer Euler Hermes, said insolvency cases in mainland China were expected to increase 20% this year, following a 24% jump […]
Defaults and pulled sales are starting to gum up China’s bond refinancing machine. Chinese companies issued 382.7 billion yuan ($58.5 billion) of notes onshore this month, down 11% from the same period in April and 57% March, data compiled by Bloomberg show. With just eight trading days to go, fundraising may fall short of the […]
Chinese National Chemical Corp. extended its tender offer for Syngenta AG shares by more than a month to July 18 as it waits for regulatory approval for its planned $43 billion takeover of the Swiss seed and pesticide maker. According to Bloomberg, ChemChina aims to complete the deal by the end of 2016 in what […]
Fosun Group, China’s largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a “clear plan” to reduce its debts, chairman and co-founder Guo Guangchang said on Tuesday to Reuters. Guo said his group – which up to now has largely targeted companies in developed markets – […]