M&A Deal Summary

Xingye Alloy Materials Group Acquires Hefei Zhangyue Network Technology

On June 22, 2016, Xingye Alloy Materials Group acquired software company Hefei Zhangyue Network Technology for 186M HKD

Acquisition Highlights
  • This is Xingye Alloy Materials Group’s 1st transaction in the Software sector.
  • This is Xingye Alloy Materials Group’s 0th largest (disclosed) transaction.
  • This is Xingye Alloy Materials Group’s 1st transaction in China.

M&A Deal Summary
Date 2016-06-22
Target Hefei Zhangyue Network Technology
Sector Software
Buyer(s) Xingye Alloy Materials Group
Deal Type Add-on Acquisition
Deal Value 186M HKD

Target

Hefei Zhangyue Network Technology

China
Hefei Zhangyue Network Technology Co., Ltd. is an internet and mobile gaming products development company in the PRC.

Search 198,123 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Xingye Alloy Materials Group

Kowloon, China
Category Company
Founded 1985
Sector Metals/Mining
Employees1,578
Revenue 6.3B CNY (2023)
DESCRIPTION

Xingye Alloy Materials Group is a producer of copper plates and strips in the PRC. The Group mainly engaged in manufacturing and sales of high precision copper plates and strips, trading of raw materials, provision of processing services. It has been proactively looking for potential acquisition opportunities in the internet and mobile gaming industry. Xingye Alloy Materials Group was founded in 1985 and is based in Kowloon, China.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2016) 1 of 1
Mergr

Product

Company

Legal