M&A Deal Summary

CITIC Acquires Sims Trading

On February 5, 2001, CITIC acquired distribution company Sims Trading from Dairy Farm International Holdings for 450M HKD

Acquisition Highlights
  • This is CITIC’s 1st transaction in the Distribution sector.
  • This is CITIC’s largest (disclosed) transaction.
  • This is CITIC’s 1st transaction in China.

M&A Deal Summary
Date 2001-02-05
Target Sims Trading
Sector Distribution
Buyer(s) CITIC
Sellers(s) Dairy Farm International Holdings
Deal Type Divestiture
Deal Value 450M HKD

Target

Sims Trading

Hong Kong, China
Sims has grown to become a importer and distributor of world-renowned food, beverage, healthcare and household brands. Today, our extensive distribution network offers unprecedented access to the dynamic markets of Mainland China, Hong Kong and Macau.

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Buyer(S) 1

Buyer

CITIC

Hong Kong, China
Category Company
Founded 1987
Sector Metals/Mining
Employees188,862
Revenue 973.0B HKD (2023)
DESCRIPTION

CITIC is a 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 founded in 1987 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 1 of 5
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 2
Country (China) 1 of 5
Year (2001) 1 of 2
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-09 PSINet Hong Kong

China

PSINet Hong Kong, the Internet Solution Center, is recognized as one of Hong Kong's first commercial ISP and a supplier of total Internet solutions to businesses, professionals, government agencies, schools and other ISPs.

Buy -

Seller(S) 1

SELLER

Dairy Farm International Holdings

Hong Kong, China
Category Company
Founded 1886
Sector Retail
Employees100,000
Revenue 10.4B HKD (2013)
DESCRIPTION

Dairy Farm International Holdings operates supermarkets, hypermarkets, convenience stores, health and beauty stores and home furnishings stores under well-known brands.

DEAL STATS #
Overall 1 of 2
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 2
Country (China) 1 of 1
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-07 Rose Pharmacy

Cebu City, Philippines

Rose Pharmacy is a Cebu-based pharmacy retailer which at the end of 2013 operated 238 outlets throughout the country. The company was founded in 1952 and is based in Cebu City, the Philippines.

Buy -
Mergr

Product

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