Merger & Acquisition of State-owned Enterprises by Foreign Investors Go back »

2007-04-30 | Southwest China

With the deepening of state-owned enterprises??reform and broadening of foreign investment in China, there have appeared some new trends in M&A of state-owned enterprises by foreign investors. The target enterprises are gradually shifted from ordinary to leading ones in the field; the target industries from manufacturing to new high-tech, finance and retail.

In order to facilitate the exchange of information among members and interested companies, European Chamber of Commerce Chengdu Chapter held a seminar on Merger and Acquisition of state-owned enterprises by foreign investors in Crowne Plaza on 25th April, 2007 from 2:30pm-21:30pm.

First of all, Mr. Charles Cheng, CEO of Corporate Finance & Advisory of Standard Chartered Bank (Beijing) introduced recent trends in M&A to the audience and pointed out the perspective development of major industries, as oil & gas, automotive, IT and others.

Afterwards, Mr. David Xu, Partner of Financial Advisory Services, KPMG Advisory (China) Limited spoke about ??ey considerations in the Merger & Acquisition of Chinese enterprises by foreign investors?? By the use of numerous and detailed practical examples, Mr. Xu informed the participants with valuable first-hand information about features and problems during the M&A of state-owned companies in China.

Later on Mr. Johnny Browaeys, Regional Manager of ERM China?? Chengdu office introduced the environmental risks and their impact on foreign companies, acquiring Chinese state-owned enterprises. The speech gave an interesting insight on environmental risks and showed up ways to prevent unreasonable risks.

Finally, Mr. LIANG Zhicang, Deputy Director of Sichuan Provincial State-owned Assets Supervision and Administration Commission (SASAC) explained key policies and strategies of M&A of State Owned Enterprises (SOE) by foreign investors in Sichuan province.

All in all the 54 participants could get first-hand information and deep insights into Sichuan?? M&A industry. The meeting ended with a dinner at Holiday Inn?? restaurant which gave the participants possibilities for discussion and exchange.