With the deepening of state-owned enterprises' reform and broadening of foreign investment in China, there appears to be some new trends in the Merger and Acquisition of state-owned enterprises by foreign capital. Examples of this can be seen with the shifting of target enterpries from ordinary to leading enterprises in the field, as well as with the shifting of target industries from maufacturing to others, such as high-tech, finance and retail industries. The Chengdu Chapter of the European Chamber is delighted to welcome you to learn and share views with professionals on the latest strategies of SOE reform and opportunities for foreign investors in the Sichuan Province.   
 
Speakers:
Mr. Liang Zhicang, Deputy Director of Sichuan Provincial State-owned Assets Supervision and Administration Commission (SASAC)
Mr. Charles Cheng, CEO of Corporate Finance & Advisory, Standard Chartered Bank (Beijing)
Mr. David Xu, Partner, Financial Advisory Services, KPMG Advisory (China) Limited
Mr. Johnny Browaeys, Regional Manager of ERM China, Chengdu Office.
  
Agenda:
2:30 pm  Check in

3:00 pm  Mr. Charles Cheng, CEO of Corporate Finance & Advisory, Standard  Chartered Bank (Beijing)

             Topic: Key industries and developing trends of the merger & acquisition of state-owned enterprises by foreign investors

4:00 pm Mr. David Xu, Partner, Financial Advisory Services, KPMG Advisory (China) Limited
             Topic: Key considerations in the Merger & Acquisition of Chinese enterprises by foreign investors

5:00 pm Mr. Johnny Browaeys, Regional Manager of ERM China, Chengdu Office
             Topic: Equator Principles - A Must Know for Investors

 

6:00 pm – 6:30 pm Tea Break

6:30 pm Mr. LIANG Zhicang, Deputy Director of Sichuan Provincial State-owned Assets Supervision and Administration Commission (SASAC)
            Topic: Key Policies and Strategy of M&A of SOE by Foreign Investors in Sichuan Province

 

7:30 pm Dinner Networking

Event review

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 “key 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’s 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’s M&A industry. The meeting ended with a dinner at Holiday Inn’s restaurant which gave the participants possibilities for discussion and exchange.

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