Arab Today, arab today china october mergers and acquisitions hit year low
Last Updated : GMT 12:22:49
Arab Today, arab today
Arab Today, arab today

China October mergers and acquisitions hit year low

Arab Today, arab today

Arab Today, arab today China October mergers and acquisitions hit year low

Beijing - XINHUA

The number of mergers and acquisitions (M&A) by China\'s enterprises slumped to a fresh low in October amid slowing economic growth, new data showed. According to the Zero2IPO Database, 53 mergers involving Chinese firms were completed in October. This represents a 35.4-percent decline from the previous month and the lowest reading since January. Of the 53 cases, 47 were domestic M&A deals. The transaction value of 45 of the domestic mergers, that announced acquisition costs, amounted to 719 million U.S. dollars. Last month also saw four outbound M&A deals and two foreign takeovers. Chinese enterprises have borne the brunt of the slowing economy as their net profits have plunged during the first three quarters. From January to the end of September combined net profits of 2,493 listed companies dropped 2.07 percent year-on-year to 1.5 trillion yuan (238 billion U.S. dollars). China\'s economic growth has slowed to a seven-quarter low of 7.4 percent in the third quarter, dragged down by lackluster external and domestic markets. Despite the overall sluggish expansion pace, energy and mining saw the most mergers and acquisitions as nine cases were closed in the two sectors in October. The combined aquisition costs of eight deals totaled 225 million U.S. dollars, data showed.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china october mergers and acquisitions hit year low Arab Today, arab today china october mergers and acquisitions hit year low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china october mergers and acquisitions hit year low Arab Today, arab today china october mergers and acquisitions hit year low

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday