Posts Tagged ‘acquisition’
China’s 360 To Explore Mobile Phone Security Industry
January 22nd, 2010
Chinese Internet security software provider 360 has announced plans to acquire Msafe.com.cn, a Chinese mobile [...]
China Great Wall Computer Shenzhen Will Acquire Hong Kong Business
January 21st, 2009
To accelerate the internationalization of Great Wall Computer’s business, the group plans to include its Hong Kong subsidiary in China Great Wall Computer Shenzhen Co., Ltd. and to establish the subsidiary as Great Wall Computer’s window to the world.
Sanlian Group Sues Gome Over Illegal Acquisition
January 16th, 2009
Shandong-based retailer Sanlian Group has sued several companies, including the Chinese electronics retail giant Gome, for the illegal acquisition of 27 million shares in Sanlian Group’s Sanlian Commerce subsidiary and has asked the court to announce the purchase as invalid, as well as seeking CNY50 million compensation from these companies.
The9 Announces Poison Pill Plan
January 13th, 2009
Chinese online game developer and operator The9 (NCTY) has announced that to protect the interests and rights of the company and its shareholders, its board of directors has approved a poison pill plan against hostile takeover.
China 3C Group Acquires Logistics Firm
December 30th, 2008
Chinese consumer electronics distributor China 3C Group has signed a definitive agreement to acquire 100% of Jinhua Baofa Logistic Ltd., a logistic company in eastern China, through its subsidiaries Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication.
Acorn Grabs Domestic Communication Equipment Producer
December 30th, 2008
China-based Acorn International (ATV) announced the completion of its acquisition of Yiyang Yukang Communication Equipment Company Limited, a domestic communication equipment producer and distributor in China.
Sina.com Buys Focus Media’s Digital Out-of-Home Business In China
December 22nd, 2008
In one of the biggest Chinese technology deals of 2008, Chinese Internet portal Sina.com (SINA) has entered into a definitive agreement worth about USD1 billion with Focus Media Holding Limited (FMCN) to acquire substantially all of the assets of Focus Media’s digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network.
Kingsoft Takes Stake In Chinese Internet Technology Software Developer
December 19th, 2008
Chinese software maker Kingsoft says it will acquire approximately 30.03% interest in aggregate in the share capital of Sky Profit.
Lenovo Gives Up Acquisition Of Positivo
December 19th, 2008
Information from Lenovo (LNVGY) confirms that the company will temporarily give up the acquisition of Brazil’s largest PC maker Positivo, but the two sides will discuss the possibility to cooperate by setting up a strategic alliance.
China Unicom Acquires Fixed Lines In 21 Southern Chinese Provinces
December 18th, 2008
China Unicom (Hong Kong) Limited has announced plans to invest CNY6.43 billion to acquire the fixed-line business in Tianjin and 21 southern Chinese provinces from its major shareholders China Unicom Group and China Netcom Group.
