The following press releases and media reports about Chinese companies were carried on July 19-21. To view a full article or story, click on the link next to the headline.
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Forbes Media Sells Off Most Of Company To HK Investor Group (Chinese article)
Paipai Re-launch to Bring JD.com (Nasdaq: JD) Experience to C2C (PRNewswire)
SouFun (NYSE: SFUN) Announces 5-Year Plan with a New Flagship Website Fang.com (PRNewswire)
SCA And Vinda To Integrate Hygiene Business In China (Businesswire)
Two new stories in the consumer space are offering an interesting look at the difficulty of taking over Hong Kong-listed companies, providing headaches for potential acquirers but also interesting opportunities for minority investors. The 2 cases involve dairy giant Mengniu (HKEx: 2319) and Swedish paper products company SCA (Stockholm: SCAA), which have each bought a controlling stake of their Hong Kong-listed targets rather than the taking outright ownership that both probably would have preferred. In the former case, Mengniu was aiming to buy raw milk supplier Yashili (HKEx: 1230), while SCA was aiming to buy tissue products maker Vinda (HKEx: 3331) Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 10. To view a full article or story, click on the link next to the headline.
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Xiaomi Turns Profitable, No IPO In Next 5 Years – Executive (Chinese article)
MIIT Approves 4 TD-LTE Smartphones, Observers See 4G Licenses Near (Chinese article)
Oriental DreamWorks (NYSE: DWA) Rewrites Its China Production Strategy (English article)
Baidu’s (Nasdaq: BIDU) Qunar To Make IPO As Early As Q4 – Sources (Chinese article)
SCA (Stockholm: SCAA) To Bid For Control Of Chinese Tissue Maker Vinda (HKEx: 3331)
