CITIC - M&A Summary and Business Overview

Metals/miningCompany

CITIC M&A Summary

CITIC has acquired 5 companies, including 1 in the last 5 years. It has also divested 1 asset.

CITIC’s largest acquisition to date was in 2019, when it acquired Dah Chong Hong Holdings for $385M. The Company’s most targeted sectors include business services (40%) and distribution (20%).

CITIC Business Overview

Where is CITIC headquartered?

CITIC is headquartered in Hong Kong, China.

What is CITIC’s revenue?

CITIC disclosed revenue of 905,000M HKD for 2021 and 723,552M HKD for 2020.

How many employees does CITIC have?

CITIC has 161,408 employees.

What sector is CITIC in?

CITIC is a metals/mining company.

When was CITIC founded?

CITIC was founded in 1987.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

CITIC

CITIC Limited

32nd Floor, CITIC Tower 1 Tim Mei Avenue Central,
Hong Kong,
China,
+852 2820 2111
www.citic.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 5 - - - - - 5
vol $480M $480M
Sell (0.0/yr) # 1 - - - - - 1
  6

Most Recent M&A

Company Date Value Type
Dah Chong Hong Holdings Ltd. 2019-10-21 385M USD Add-on Acquisition
Hong Kong, China · www.dch.com.hk
CITIC Ltd. 2014-08-25 37M HKD Stake Purchase
Beijing, China · www.citic.com
CITIC Ltd. 2011-01-01 - Stake Purchase
Beijing, China · www.citic.com
Companhia de Telecomunicacoes de Macau, S.A.R.L 2010-02-11 - Stake Sale
Macau, Macau · www.ctm.net
PSINet Hong Kong Ltd. 2001-07-09 - Divestiture
, China
Sims Trading Co.Ltd. 2001-02-05 58M HKD Divestiture
Hong Kong, China · www.sims.com.hk
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Newmarket Holdings Ltd.    - DCH Commercial Centre 2013-12-19 1
, Virgin Islands (British) Hong Kong, China

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 2 (40%) 37M (8%) - -
Distribution 1 (20%) 58M (12%) - -
Diversified 1 (20%) 385M (80%) - -
Information Technology 1 (20%) - - -
Communications - - 1 (100%) -
Total 5 $480M 1 -

By Geo

State/Country Buy Value Sell Value
China 5 480M - -
Macau - - 1 -
Domestic 5 (100%) 480M (100%) - -
Cross-border - - 1 (100%) -
Total 5 $480M 1 -

Deal Values

buy # Total
$100M to $1B 1 $385M
< $100M 2 $95M
TOTAL $480M
Largest Dah Chong Hong Holdings Ltd.
$385M (2019-10-21)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Metals/Mining

Revenue

905,000   26% 2021
723,552   2% 2020
733,429   6% 2019
692,821   17% 2018
595,579   2017
416,813   4% 2015
402,124   2% 2014
409,747   274% 2013
109,848   2012
(millions of HKD) Show More Show Less

Employees

161,408

Established

1987

Public

Hong Kong (SEHK): 0267

Former Name

CITIC Pacific Ltd.

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