DOCSLIB.ORG

Deal Drivers Asia Pacific

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Deal Drivers Asia Pacific The comprehensive review of mergers and acquisitions in the Asia Pacific region HY 2020 Deal Drivers Asia Pacific mergermarket.com Restructure with Foresight Businesses of all sizes face difficult decisions responding to the volatility of today’s markets. Datasite can help you complete transactions professionally, securely, and efficiently with foresight and speed, whatever path you choose. See how Mergermarket Deal Drivers HY 2020 3 Asia Pacific Contents Contents The comprehensive Foreword 04 Energy, Mining, Oil & Gas 29 Asia-Pacific Heat Chart 05 Consumer 35 review of mergers and All Sectors 06 Technology, Media & Telecom 41 acquisitions in the Financial Services 17 Life Sciences & Healthcare 47 Asia Pacific region Industrials, Manufacturing & Engineering 23 About Datasite 54 throughout the first half of 2020. mergermarket.com Mergermarket Deal Drivers HY 2020 4 Asia Pacific Foreword Foreword Welcome to the half-year 2020 edition of Deal to Bain & Co—as firms put new activity and Among the other hard-hit sectors was the Drivers APAC, published by Mergermarket in exits on hold to see how the response to energy, mining, oil & gas sector, which recorded association with Datasite. This report provides the pandemic developed. H1 2020 buyout a 28% annual drop in deal value, which came an overview of deal activity in the APAC region value and volume fell to US$124.4bn and 886 to US$21.5bn in H1 2020. The consumer sector, over the first six months of 2020 and looks deals respectively, from H1 2019’s totals of which has been hit hard by lockdown measures Desmond Chua into how the COVID-19 pandemic has affected US$266.1bn and 1,227 deals—declines of 53% and drops in discretionary spending, saw deal Head of Region, APAC merger and acquisition activity during the year by value and 28% by volume. Exit activity fell value fall 20% from year-to-year, registering Datasite as well as how the region is positioned going even further: value dropped 54% year-on- US$22.2bn in deal value in the first six months into the second half of 2020. year to US$74.4bn, while volume fell 34% to of 2020. 401 exits, from US$162.6bn and 607 exits. APAC was the first region that had to contend After a tough first half, dealmakers will be hoping with the coronavirus outbreak and the impact East Asia—which includes the dominant that activity stages a recovery in H2. Stock of lockdown measures on the economy and on economic hubs of the Greater China region markets have certainly rebounded in Q2 and the M&A activity. Despite a rebound following the and South Korea—delivered the bulk of the IMF expects that the region’s key economies, lifting of restrictions, the Asia Dow stock market region’s deal value and volume, with 967 deals including China and South Korea, will be index is still in the red for the year thus far, and valued at US$141.5bn. South Asia was the next well-placed to navigate the lifting of lockdowns the IMF is forecasting that Asia’s economy will biggest region by deal value with US$46.7bn and any second surges of the coronavirus. contract by 1.6% in 2020. from 191 deals, followed by Southeast Asia with There are, however, still challenges facing the US$29bn worth of value from 154 transactions. Deal activity has inevitably slowed against region. Growing tensions between China and this uncertain and volatile macro-economic With respect to sectors, the region’s thriving the West over issues including global trade, backdrop, yet the drop in both value and technology, media & telecom (TMT) industry politics and the provision of 5G technology by volume in the region was far less steep than was the largest contributor to deal value Chinese technology group Huawei could weigh the global figures. by some distance with US$59.2bn worth on activity, as could tighter rules on foreign of transactions, nearly double the size of M&A coming into force around the world. In the APAC region, total deal value for H1 2020 the next largest sector by value, industrials, has dropped 12% compared to the same period M&A in the APAC region is positioned to manufacturing & engineering (IME), with the year before, to US$255.1bn, while volume fell rally through the rest of 2020 and 2021— deals worth US$35.3bn. Financial services 13% to 1,744 deals. In contrast, global M&A value nonetheless, it could be a bumpy recovery. was the third biggest sector by value with collapsed by 53% year-on-year and volume fell transactions to the value of US$33.1bn. 32% over the same period. The IME sector, despite being the second Private equity, meanwhile, saw bigger declines largest sector by total value, was nevertheless in activity—despite sitting on a record among the most impacted sectors. Deal value US$388bn worth of dry powder, according fell 54% from H1 2019’s total of US$77.3bn. mergermarket.com Mergermarket Deal Drivers HY 2020 5 Asia Pacific Heat Chart Asia-Pacific Heat Chart Looking ahead to the next six months of APAC dealmaking, Heat Chart based on potential companies for sale the industrials, manufacturing & engineering (IME) sector and the technology, media, telecom (TMT) sector can be Sector East Asia South East Asia Australasia South Asia Japan Central Asia Total expected to see the greatest level of activity, according to Industrials, Manufacturing & Engineering 416 39 38 25 37 1 556 Mergermarket’s Heat Chart, which tracks “companies for Technology, Media & Telecom 265 76 83 55 43 522 sale” stories over the past six months. Consumer 166 51 65 38 22 2 344 There were 556 stories about IME firms coming to market Business Services 146 46 33 23 28 276 on Mergermarket’s intelligence tool during this period, the majority of which — 416 — were in the East Asia region. Financial Services 96 57 36 31 7 1 228 The TMT sector, which was the dominant one in the last Life Sciences & Healthcare 122 39 37 18 10 226 full-year edition of Deal Drivers: APAC, has come in second Energy, Mining, Oil & Gas 93 52 51 18 2 4 220 place in this edition, with 522 stories of companies for sale Construction 65 32 9 3 7 116 across APAC. Just over half of these were in the East Asia Leisure 58 22 14 13 6 113 region, although Australasia and Southeast Asia could also provide bright spots of deal activity for the sector. Real Estate 64 22 8 3 7 104 Transportation 48 28 14 6 3 99 Across all sectors, East Asia, which includes the Greater China region and South Korea, looks set to be the dominant Agriculture 21 11 4 1 1 38 M&A market in APAC by volume — with 1,567 “companies for Other 4 6 2 1 13 sale” stories published about the region over H1, over half of Government 1 4 1 1 7 the total such stories published in the region. Defense 2 2 Total 1,567 485 395 236 173 8 2,864 Hot Warm Cold 200 80 20 160 60 10 120 40 1 Note: The Intelligence Heat Charts are based on ‘companies for sale’ tracked by Mergermarket in the respective regions between 01/01/2020 and 30/06/2020. Opportunities are captured according to the dominant geography and sector of the potential target company. mergermarket.com Mergermarket Deal Drivers HY 2020 6 Asia Pacific All Sectors Part of the Acuris report on global M&A activity All Sectors mergermarket.com Mergermarket Deal Drivers HY 2020 7 Asia Pacific All Sectors All Sectors Overview M&A around the world has witnessed a sizable The TMT sector, however, has been the standout Consumer deal value slid from US$27.7bn impact due to the COVID-19 pandemic, and the performer this year, with deal value actually in H1 2019 to US$22.2bn in H1 2020, even APAC region is no exception. increasing 40% from the US$42.1bn recorded though H1 2020 deal value totals received over H1 2019. Six of the region’s 20 largest a huge boost from grocer Tesco’s exit of Total M&A value in the first six months of deals were in the TMT sector, which delivered its Thai business in a US$10.6bn sale to 2020 came to US$255.1bn, compared to some sizable transactions, such as Facebook’s Charoen Pokphand Foods. The US$1.9bn US$290.6bn in H1 2019 and US$371.9bn in H2 US$5.7bn investment for a 9.99% minority stake take-private of Hong Kong’s global consumer 2019—a decline of 12% and 31%, respectively. in India’s Jio Platforms, a social networking goods logistics group Li & Fung was the In terms of deal volume, there were 1,744 platform owned by telecoms magnate Mukesh only other APAC consumer deal to break the transactions in H1, down 13% from 2,009 Ambani. Another standout TMT deal was the US$1bn threshold during H1 2020. transactions in H1 2019 and 28% below the US$7.6bn private equity-led take-private of 2,408 deals struck in H2 2019. Deal volume 58.com, a Chinese online classifieds business. and value figures for Q2 this year, meanwhile, The IME sector was the next largest sector represent the weakest quarterly totals since by value in the region, despite total value Q1 2014. more than halving from H1 2019’s total of The technology, media & telecom (TMT), US$77.3bn. This was almost certainly due to industrials, manufacturing & engineering (IME) a slump in deal activity at the top end of the and financial services sectors proved the market, as the drop in deal volumes for the most resilient through COVID-19 from an M&A sector was far less precipitous, falling only perspective, emerging as the three largest 19% to 337 deals.
Load more

Recommended publications
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Federal Register/Vol. 79, No. 124/Friday, June 27, 2014/Notices
    36462 Federal Register / Vol. 79, No. 124 / Friday, June 27, 2014 / Notices area, information may be obtained from: Administration employees in the States For all other records, information may Office of Work Force Management, of Connecticut, Delaware, Maine, be obtained from: Office of Human National Oceanic and Atmospheric Massachusetts, New Hampshire, New Resources Management, Human Administration, 1305 East-West Jersey, New York, North Carolina, Ohio, Resources Operations Center, U.S. Highway, SSMC#4, Room 12434, Silver Pennsylvania, Rhode Island, South Department of Commerce, Office of the Spring, Maryland 20910, (301) 713– Carolina, Vermont, Virginia, West Secretary, Room 7412 HCHB, 1401 6302. Virginia, Puerto Rico, and the Virgin Constitution Avenue NW., Washington, For records of Office of the Secretary, Islands; for employees in the Bureau of DC, 20230, (202) 482–3301. Bureau of Economic Analysis, Bureau of Industry and Security, Economic Industry and Security, Economic Development Administration, Minority RECORD ACCESS PROCEDURES: Development Agency, Minority Business Development Agency, and Requests from individuals should be Business Development Agency, National International Trade Administration in addressed to: Same address of the Telecommunications and Information the States of Alabama, Delaware, desired location as stated in the Administration employees in the Florida, Georgia, Maryland, New Jersey, Notification section above. Washington, DC, metropolitan area, New York, North Carolina, CONTESTING RECORDS PROCEDURES: information may be obtained from: Pennsylvania, South Carolina, The Department’s rules for access, for Office of Human Resource Management, Tennessee, Virginia, West Virginia, contesting contents, and appealing Human Resource Operations Center, Puerto Rico, and the Virgin Islands: initial determinations by the individuals Office of the Secretary, Room 7412, Human Resources Manager, Eastern concerned appear in 15 CFR part 4b.
    [Show full text]
  • 1 1 China Petroleum & Chemical Corporation 1913182 70713
    2011 Ranking 2010 Company Name Revenue (RMB, million) Net profit (RMB Million) Rankings (x,000,000) (x,000,000) 1 1 China Petroleum & Chemical Corporation 1913182 70713 2 2 China National Petroleum Corporation 1465415 139871 3 3 China Mobile Limited 485231 119640 China Mobile Revenue: 485,231,000,000 4 5 China Railway Group Limited 473663 7488 5 4 China Railway Construction Corporation Limited 470159 4246 6 6 China Life Insurance Co., Ltd. 388791 33626 7 7 Bank of China Ltd 380821 165156 8 9 China Construction Company Limited 370418 9237 9 8 China Construction Bank Corporation 323489 134844 10 17 Shanghai Automotive Group Co., Ltd. 313376 13698 11 . Agricultural Bank of China Co., Ltd. 290418 94873 12 10 China Bank 276817 104418 China Communications Construction Company 13 11 Limited 272734 9863 14 12 China Telecom Corporation Limited 219864 15759 China Telecom 15 13 China Metallurgical Co., Ltd. 206792 5321 16 15 Baoshan Iron & Steel Co., Ltd. 202413 12889 17 16 China Ping An Insurance (Group) Co., Ltd. 189439 17311 18 21 China National Offshore Oil Company Limited 183053 54410 19 14 China Unicom Co., Ltd. 176168 1228 China Unicom 20 19 China PICC 154307 5212 21 18 China Shenhua Energy Company Limited 152063 37187 22 20 Lenovo Group Limited 143252 1665 Lenovo 23 22 China Pacific Insurance (Group) Co., Ltd. 141662 8557 24 23 Minmetals Development Co., Ltd. 131466 385 25 24 Dongfeng Motor Group Co., Ltd. 122395 10981 26 29 Aluminum Corporation of China 120995 778 27 25 Hebei Iron and Steel Co., Ltd. 116919 1411 28 68 Great Wall Technology Co., Ltd.
    [Show full text]
  • Environmental, Social and Corporate Governance Reporting: Perspectives from the Johannesburg Stock Exchange and an International Metals and Mining Sample
    ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE REPORTING: PERSPECTIVES FROM THE JOHANNESBURG STOCK EXCHANGE AND AN INTERNATIONAL METALS AND MINING SAMPLE by Samantha Laura Mitchell Thesis presented in fulfilment of the requirements for the degree of Master of Commerce in the Faculty of Economic and Management Sciences at Stellenbosch University Supervisor: Prof S. Viviers December 2014 Stellenbosch University http://scholar.sun.ac.za Declaration By submitting this thesis electronically, I declare that the entirety of the work contained therein is my own, original work, that I am the sole author thereof (save to the extent explicitly otherwise stated), that reproduction and publication thereof by Stellenbosch University will not infringe any third party rights and that I have not previously in its entirety or in part submitted it for obtaining any qualification. S.L. Mitchell December 2014 Copyright © 2014 Stellenbosch University All rights reserved i Stellenbosch University http://scholar.sun.ac.za ABSTRACT Global interest in responsible investing has grown in recent years. To make effective decisions, responsible investors require listed companies to report on financial and non- financial performance, giving particular attention to environmental, social and corporate governance (ESG) considerations. This study was undertaken to address the paucity of academic research on ESG reporting in South Africa. A number of local studies had focused on environmental and governance reporting, but no studies had taken a holistic view of ESG reporting. Nor had any studies focused on the metals and mining industry in particular. This is a very important industry from an economic and ESG perspective, both in South Africa and internationally. The primary objective of this study was two-fold.
    [Show full text]
  • Federal Register/Vol. 81, No. 130/Thursday, July 7, 2016/Notices
    44260 Federal Register / Vol. 81, No. 130 / Thursday, July 7, 2016 / Notices may designate as produced in the DATES: The meeting will be held July 18, Dated: June 27, 2016. United States. 2016, at 5:00 p.m. Patricia A. Gratham, Estimated Number of Respondents: All RAC meetings are subject to Forest Supervisor. 380. cancellation. For status of meeting prior [FR Doc. 2016–16084 Filed 7–6–16; 8:45 am] Estimated Annual Number of to attendance, please contact the person BILLING CODE 3411–15–P Responses per Respondent: 252. listed under FOR FURTHER INFORMATION Requests for Comments: Send CONTACT. comments regarding (a) whether the DEPARTMENT OF COMMERCE proposed collection of information is ADDRESSES: The meeting will be held at the Klamath National Forest (NF) necessary for the proper performance of International Trade Administration the functions of the agency, including Supervisor’s Office, Conference Room, whether the information will have 1711 South Main Street, Yreka, Initiation of Antidumping and practical utility; (b) the accuracy of the California. Countervailing Duty Administrative agency’s estimate of the burden of the Written comments may be submitted Reviews proposed collection of information; (c) as described under SUPPLEMENTARY AGENCY: Enforcement and Compliance, ways to enhance the quality, utility and INFORMATION. All comments, including International Trade Administration, clarity of the information to be names and addresses when provided, Department of Commerce. collected; and (d) ways to minimize the are placed in the record and are burden of the collection of information available for public inspection and ACTION: Notice. on those who are to respond, including copying.
    [Show full text]
  • Editorial 1 Editorial Editorial 2 3 FOREWORD
    Editorial 1 Editorial Editorial 2 3 FOREWORD Dear Reader, You cannot survive the competition of the market over years and years if you don’t stand for values like efficiency, reliability and trust. IMS measuring systems have set the global standard for measuring technology in rolling mills for the steel and non-ferrous metal industries for 35 years now. We as a company often look back with pride. We have learnt a lot on our road to success – things we must not forget. People need memories and that is also true for us at IMS. We need memories to form an identity, which in turn creates strong ties between us as a company and our customers and staff. We can only face new challenges if we know where we have come from and what we have already achieved. We know very well that it is only our achievements of the past 35 years that make it possible for us to work as we do in the present. We know what the market demands and are in a position to respond to these demands quickly. Of course also because we draw the right conclusions from our experiences. One thing we should not do is stand still. The English composer Benjamin Britten once said: “Learning is like rowing against the current. You go backwards as soon as you stop.” If we don’t learn something new every day and follow new ideas, we will go backwards. Our company is therefore like an orchestra that rehearses new music like pieces from Benjamin Britten every day in order to master them perfectly.
    [Show full text]
  • Emerging Markets Core Equity Portfolio-Institutional Class As of July 31, 2021 (Updated Monthly) Source: State Street Holdings Are Subject to Change
    Emerging Markets Core Equity Portfolio-Institutional Class As of July 31, 2021 (Updated Monthly) Source: State Street Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. Your use of this website signifies that you agree to follow and be bound by the terms
    [Show full text]
  • Ping an Insurance Group Co-A 13.41 Jiangsu Hengrui
    元大投信海外基金持股明細表 日期：2018/06/30 單位:% 元大上證50基金 元大大中華TMT基金-新台幣 元大中國平衡基金-新台幣 元大巴西指數基金 PING AN INSURANCE GROUP CO-A 13.41 JIANGSU HENGRUI MEDICINE C-A 5.37 CHINA ZHONGWANG HOLDINGS LTD 7.40 VALE SA 12.19 KWEICHOW MOUTAI CO LTD-A 7.77 LEPU MEDICAL TECHNOLOGY-A 4.92 GENSCRIPT BIOTECH CORP 4.95 ITAU UNIBANCO HOLDING S-PREF 10.12 CHINA MERCHANTS BANK-A 5.76 SUNNY OPTICAL TECH 4.69 CHINA DATANG CORP RENEWABL-H 4.85 BANCO BRADESCO SA-PREF 7.02 INDUSTRIAL BANK CO LTD -A 3.79 KWEICHOW MOUTAI CO LTD-A 4.65 GREE ELECTRIC APPLIANCES I-A 3.89 AMBEV SA 6.59 INNER MONGOLIA YILI INDUS-A 3.58 KINGDEE INTERNATIONAL SFTWR 4.58 PING AN INSURANCE GROUP CO-A 3.78 PETROBRAS - PETROLEO BRAS-PR 5.23 JIANGSU HENGRUI MEDICINE C-A 3.54 國巨 4.29 CHINA TAIPING INSURANCE HOLD 3.71 PETROBRAS - PETROLEO BRAS 4.49 CHINA MINSHENG BANKING-A 3.50 AIER EYE HOSPITAL GROUP CO-A 4.02 JIANGSU KING`S LUCK BREWER-A 3.66 B3 SA-BRASIL BOLSA BALCAO 3.27 BANK OF COMMUNICATIONS CO-A 3.33 MIDEA GROUP CO LTD-A 4.00 BY-HEALTH CO LTD-A 3.38 ITAUSA-INVESTIMENTOS ITAU-PR 3.17 AGRICULTURAL BANK OF CHINA-A 2.78 INSPUR ELECTRONIC INFORMAT-A 3.69 INNER MONGOLIA FURUI MEDIC-A 2.49 BANCO DO BRASIL S.A. 1.91 CITIC SECURITIES CO-A 2.76 WANHUA CHEMICAL GROUP CO -A 3.51 SHANDONG GETTOP ACOUSTIC C-A 2.23 BANCO BRADESCO S.A.
    [Show full text]
  • A Global Leading Fabricated Aluminium Product Developer and Manufacturer Annual Report 2017
    ANNUAL REPORT 2017 A GLOBAL LEADING FABRICATED ALUMINIUM PRODUCT DEVELOPER AND MANUFACTURER ANNUAL REPORT 2017 ANNUAL www.zhongwang.com AN INTEGRATED LIGHT-WEIGHT SOLUTION PROVIDER Contents 2 Corporate Information 4 Corporate Profile 6 Financial Highlights 8 Core Businesses 10 Corporate Milestones 12 Chairman’s Statement 18 Management Discussion and Analysis 34 Profiles of Directors and Senior Management 43 Report of the Directors 58 Corporate Governance Report 72 Environmental, Social and Governance Report 93 Independent Auditor’s Report 99 Consolidated Financial Statements 105 Notes to the Financial Statements 172 Five-year Financial Summary 2 China Zhongwang Holdings Limited Annual Report 2017 Corporate Information Place of Listing Strategy and Development Committee The Stock Exchange of Hong Kong Limited Mr. Lu Changqing (Chairman) Ms. Ma Qingmei Stock Code Mr. Wen Xianjun 01333 Joint Company Secretaries Executive Directors Mr. Cui Weiye Ms. Cheung Yuet Fan Mr. Lu Changqing (Chairman and president) Ms. Ma Qingmei Authorised Representatives Non-executive Directors Mr. Lu Changqing Mr. Cui Weiye Mr. Chen Yan Mr. Liu Zhisheng Principal Bankers Mr. Zhang Hui Bank of China Limited Independent Non-executive Directors Agricultural Bank of China Limited Industrial and Commercial Bank of China Limited Mr. Wong Chun Wa China Construction Bank Corporation Mr. Wen Xianjun Bank of Communications Corporation Limited Mr. Shi Ketong China Development Bank Corporation Mr. Lo Wa Kei, Roy Bank of America, N. A. Hang Seng Bank Limited Audit Committee Standard Chartered Bank (Hong Kong) Limited Mr. Wong Chun Wa (Chairman) Mr. Wen Xianjun Registered Office Mr. Shi Ketong Cricket Square, Hutchins Drive P.O. Box 2681 Nomination and Remuneration Grand Cayman Committee KY1-1111 Cayman Islands Mr.
    [Show full text]
  • 122269 Zhongwang AR Eng (攝cover)
    COMMITTED TO LIGHT-WEIGHT DEVELOPMENT FOR A GREENER WORLD China Zhongwang is the second largest industrial aluminium extrusion product developer and manufacturer in the world and the largest in Asia. The Group focuses on three core synergistic businesses namely, industrial aluminium extrusion, deep processing and aluminium fl at rolling. The three core businesses operate together on the basis of upstream and downstream resource-sharing and benefi t from mutual advantages. Contents 2 Corporate Information 6 Corporate Profi le 8 Financial Highlights 10 Core Businesses 12 Corporate Milestones 14 Chairman’s Statement 18 Management Discussion and Analysis 36 Profi les of Directors and Senior Management 41 Report of the Directors 52 Corporate Governance Report 64 Corporate Social Responsibility Report 75 Independent Auditor’s Report 76 Consolidated Financial Statements 82 Notes to the Financial Statements 134 Five-year Financial Summary China Zhongwang Holdings Limited 2 Corporate Information Place of Listing Company Secretary The Stock Exchange of Hong Kong Limited Mr. Cheung Lap Kei Stock Code Authorised Representatives 01333 Mr. Cheung Lap Kei Mr. Lu Changqing Executive Directors Mr. Liu Zhongtian (Chairman) Principal Bankers Mr. Lu Changqing Bank of America, N. A., Hong Kong Branch Mr. Chen Yan China Development Bank Corporation Ms. Zhong Hong Bank of Communications Corporation Limited Mr. Gou Xihui China Construction Bank Corporation Hang Seng Bank Limited Standard Chartered Bank (Hong Kong) Limited Independent Non-executive Directors Bank of China Limited Mr. Wong Chun Wa Agricultural Bank of China Limited Mr. Wen Xianjun Industrial and Commercial Bank of China Limited Mr. Shi Ketong Mr. Lo Wa Kei, Roy Registered Offi ce Cricket Square, Hutchins Drive Audit Committee P.O.
    [Show full text]
  • Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert
    Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexican Desert U.S. aluminum executives claim Liu Zhongtian, founder of Chinese metals conglomerate China Zhongwang, used a factory in Mexico to game the global trade system An aerial view of the aluminum stockpile around Aluminicaste Fundición de México’s San José Iturbide plant in June 2016. PHOTO: MIKE RAPPORT By SCOTT PATTERSON in Los Angeles, JOHN W. MILLER in San José Iturbide, Mexico and CHUIN-WEI YAP in Liaoning, China Updated Sept. 8, 2016 1:46 p.m. ET 63 COMMENTS Two years ago, a California aluminum executive commissioned a pilot to fly over the Mexican town of San José Iturbide, at the foot of the Sierra Gorda mountains, and snap aerial photos of a remote desert factory. He made a startling discovery. Nearly one million metric tons of aluminum sat neatly stacked behind a fortress of barbed-wire fences. The stockpile, worth some $2 billion and representing roughly 6% of the world’s total inventory—enough to churn out 2.2 million Ford F-150s or 77 billion beer cans —quickly became an obsession for the U.S. aluminum industry. Now it is a new source of tension in U.S.-Chinese trade relations. U.S. executives contend that the mysterious cache was part of a brazen scheme by one of China’s richest men to game the global trade system. Liu Zhongtian, chairman of China Zhongwang Holdings Ltd., toasts the company’s share listing in Hong Kong on May 8, 2009.
    [Show full text]
  • FTSE All-World
    FTSE Russell Publications 19 November 2018 FTSE All-World Indicative Index Weight Data as at Closing on 28 September 2018 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) 1&1 Drillisch <0.005 GERMANY African Rainbow Minerals Ltd <0.005 SOUTH AFRICA Alpha Bank <0.005 GREECE 3i Group 0.02 UNITED AGC 0.02 JAPAN Alphabet Class A 0.76 USA KINGDOM Ageas 0.02 BELGIUM Alphabet Class C 0.77 USA 3M Company 0.25 USA Agile Group Holdings (P Chip) <0.005 CHINA Alps Electric 0.01 JAPAN 3SBio (P Chip) <0.005 CHINA Agilent Technologies 0.05 USA ALROSA ao 0.01 RUSSIA 51job ADR (N Shares) <0.005 CHINA Agility Public Warehousing Co KSC <0.005 KUWAIT ALS 0.01 AUSTRALIA 58.com ADS (N Shares) 0.01 CHINA AGL Energy 0.02 AUSTRALIA Alsea S.A.B. de C.V. <0.005 MEXICO 77 Bank <0.005 JAPAN AGNC Investment 0.02 USA Alstom 0.01 FRANCE A P Moller - Maersk A 0.01 DENMARK Agnico Eagle Mines 0.02 CANADA Altice Europe NV A <0.005 NETHERLANDS A P Moller - Maersk B 0.02 DENMARK Agricultural Bank of China (H) 0.03 CHINA Altice Europe NV B <0.005 NETHERLANDS a2 Milk 0.01 NEW ZEALAND Aguas Andinas S.A. A <0.005 CHILE Altria Group 0.24 USA A2A 0.01 ITALY Ahold Delhaize 0.06 NETHERLANDS Alumina 0.01 AUSTRALIA AAC Technologies Holdings 0.02 HONG KONG AIA Group Ltd. 0.23 HONG KONG Aluminum Corp of China (H) <0.005 CHINA Aalberts Industries 0.01 NETHERLANDS AIB Group 0.01 IRELAND Amada 0.01 JAPAN ABB 0.09 SWITZERLAND Aica Kogyo <0.005 JAPAN Amadeus IT Group SA 0.08 SPAIN ABB India <0.005 INDIA Aiful <0.005 JAPAN Amazon.Com
    [Show full text]