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Mergers & Acquisitions

Mergers & Acquisitions
The latest news, analysis and opinion on Mergers & Acquisitions. In-depth analysis, industry insights and expert opinion.
CICC will issue some 3.1 billion new A shares at 36.91 yuan to acquire all outstanding shares in Dongxing Securities and Cinda Securities to facilitate the merger. Photo: CFOTO/Future Publishing via Getty Images
China stock market

Chinese brokerage CICC unveils merger details with Dongxing, Cinda

The three-way merger will create China’s fourth-largest investment bank with assets of US$128 billion.

United States

Warner Bros rejects ‘inferior’ Paramount bid, backs Netflix merger

Commodities

Chinese mining giant CMOC buys four Brazilian gold mines to expand

Banking & finance

Hang Seng Bank shareholders to vote on HSBC buyout proposal on January 8

Hang Seng Bank’s independent financial adviser recommends that shareholders vote in favour of HSBC’s proposal to privatise the lender.

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HSBC is in the midst of finalising its takeover of Hang Seng Bank. Photo: Jelly Tse
Hong Kong property

Exclusive | Rosewood hotel brand of Hong Kong’s Chow Tai Fook is not for sale, sources say

The prestige brand has delivered ‘exceptional’ results, sources say, while suggesting that certain properties might be available.

Chow Tai Fook

Chow Tai Fook sells Australian energy assets for US$4.3 billion

Sembcorp Industries to acquire 100 per cent ownership of Alinta Energy, which Chow Tai Fook acquired in 2017.

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Hong Kong property

Hong Kong’s Hang Seng University joins property rush with US$11.6 million deal

Acquisition of office units in Sha Tin’s Metropole Square follows Metropolitan University’s US$334 million purchase of Hung Hom property.

Hang Seng University is the latest school to purchase property amid a government push to turn the city into a global education hub. Photo: Jelly Tse
Semiconductors

Chinese supercomputer maker Sugon and chip developer Hygon call off merger plans

The aborted merger dashes industry expectations for a major domestic ecosystem covering advanced processors and high-performance servers.

Hong Kong property

McDonald’s tastes fat profit in US$9.3 million Hong Kong property sale

Company secures 200 per cent gain in the fourth sale in an initiative to dispose of eight retail spots across the city.

Retailing

China’s Anta considers bid for Germany’s Puma amid 62% stock slump: sources

Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma and could team up with a private equity firm, sources said.

The Pinault family’s Artemis holding company owned 29 per cent of Puma at the end of last year. Photo: Reuters
Commodities

BHP drops Anglo American bid again as rival rejects new proposal

BHP made the approach just weeks before shareholders from Anglo and Teck vote on a merger deal.

The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine in Chile. Photo: Reuters
Macau

SJM cancels plan to buy Ponte 16, but pursues deal for L’Arc Macau

SJM terminates acquisition plan a week after posting a 91 per cent fall in third-quarter net profit.

United States

Meta defeats US antitrust case over Instagram and WhatsApp acquisitions

The ruling gives Big Tech its first decisive win against the antitrust crackdown started in Trump’s first term.

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China trade

Nexperia fallout: chip spat reignites EU debate over Chinese investments

In aftermath of Netherlands’ controversial seizure, scrutiny looms over Chinese acquisitions, US influence and EU’s ability to balance security with open markets.

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The Hague seized control of Nexperia from its Chinese owners on September 30, citing national security concerns and invoking a law that had been sitting idle since 1952. Photo: dpa
Starbucks

Starbucks seals deal to sell 60% of China business to private-equity firm

Deal ends months of speculation about whether US company would divest itself of its cooling mainland business.

Customers sit in a Starbucks store in Beijing on May 10, 2019. Photo: AP Photo
Banking & finance

Hang Seng Bank appoints Somerley Capital to assess HSBC’s buyout offer

Somerley will provide its opinion to assist Hang Seng Bank’s independent board committee to evaluate HSBC’s proposal.

Luxury Hotels

Jardine Matheson to buy remaining stake in Mandarin Oriental

The move comes as Jardine seeks higher returns from its sprawling businesses.

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Hong Kong property

Alibaba, Ant buy Hong Kong offices, in city’s biggest deal since 2021

Alibaba and Ant bought 301,555 square feet of space in the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights.

One Causeway Bay (left) office tower in Causeway Bay on October 17, 2025. Photo: Robert Ng
Biomedicine: Companies

Singapore’s Nanyang Biologics to list on Nasdaq amid Trump’s pharma tariffs

The start-up agrees to merge with a special-purpose acquisition company in a deal that puts its value at US$1.5 billion.

Banking & finance

Is HSBC’s US$13.6 billion buyout offer good enough for Hang Seng Bank investors?

While the premium for Hang Seng Bank shares is huge, analysts debate if it is a win-win for investors and HSBC’s long-term value.

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Banking & finance

Why is HSBC privatising Hang Seng Bank? It’s for efficiency, analysts say

The privatisation will lead to synergies, save costs and improve efficiency in terms of personnel and systems, Everbright’s Kenny Ng says.

Hang Seng Bank’s impaired real estate loans surged 85 per cent year on year to HK$25 billion in the first half. Photo: Jelly Tse
Li Ka-shing

CK Life unit merges with TransCode as Li Ka-shing firm eyes anticancer drugs

Upon completion of the transaction, CK Life will own about 9.1 per cent of TransCode’s outstanding common shares.

Company flags flutter outside Cheung Kong Centre. CK Life Sciences International is set to merge its subsidiary Polynoma with TransCode Therapeutics to boost its pipeline of anticancer drugs. Photo: Shutterstock
Banking & finance

HSBC to take Hang Seng Bank private in surprise bid for efficiency

HSBC offers to buy subsidiary Hang Seng Bank’s shares for HK$155 each, according to an exchange filing on Thursday.

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Robotics

SoftBank strikes deal to acquire ABB’s robotics business for US$5.4 billion

The deal marks a significant push by SoftBank founder Masayoshi Son into robotics, as he expands investment after a period of retrenchment.

Milan Fashion Week

Milan Fashion Week: Giorgio Armani’s show paid tribute to the late visionary

Cate Blanchett, Richard Gere and Glenn Close were at the brand’s show at Pinacoteca di Brera, where an exhibition dedicated to Armani is on view.

Cate Blanchett at the Giorgio Armani show at Milan Fashion Week, at the Pinacoteca di Brera Museum. Photo: AFP
Semiconductors

Ant Group acquires stake in Chinese memory chip firm InnoStar

The deal signals continued Chinese efforts to support domestic suppliers and reduce reliance on imported semiconductors.

Ant Group’s latest deal reflected efforts by Chinese Big Tech companies to boost support for mainland-designed chips. Photo: Shutterstock
Banking & finance

China M&A back on upwards trajectory amid favourable market conditions

M&As on the mainland rose 45 per cent in the first half to US$171.5 billion, with 29 deals valued at more than US$1 billion, according to PwC.

International Property

Philippines’ Zobel de Ayala clan makes US$2.5 billion bet on retail, hotels

Ayala Land, which recently bought New World Development’s Makati hotel, is bullish on the country’s retail and hospitality segments.

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