M&A Deal Summary |
|
|---|---|
| Date | 2019-10-21 |
| Target | Dah Chong Hong Holdings |
| Sector | Diversified |
| Buyer(s) | CITIC |
| Deal Type | Add-on Acquisition |
| Deal Value | 385M USD |
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| Category | Company |
|---|---|
| Founded | 1987 |
| Sector | Metals/Mining |
| Employees | 161,408 |
| Revenue | 905.0B HKD (2021) |
CITIC Pacific steel is the manufacturer dedicated to the production of special steel in China. Special steel is used in a wide range of industries, including auto components, machinery manufacturing, transportation, energy, railways and shipping. The major products are bearing steel, gear steel, spring steel, seamless steel tubes and medium to thick plates. CITIC was incorporated in 1987 and is headquartered in Hong Kong, China.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Diversified) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| Country (China) | 5 of 5 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-25 |
CITIC
Beijing, China CITIC Limited is a state-owned multinational conglomerate with a balanced development of both financial and non-financial businesses. Its financial business covers a full range of services including commercial banking, investment banking, trust, insurance, fund management and asset management and its non-financial business includes real estate, engineering contracting, energy and resources, infrastructure construction, machinery manufacturing and IT industry with clear overall strength and great momentum of development. |
Buy | HK$287M |
