Skip to main content

GlobalData: China’s construction and real estate industry M&A deals total US$5.93 billion in Q2 2020

Published by
World Cement,


The value marked an increase of 46.5% over the previous quarter and a drop of 2.3% when compared with the last four-quarter average of US$6.07 billion.

China held a 26.9% share of the global construction & real estate industry M&A deal value that totalled US$22.04 billion in Q2 2020.

In terms of deal activity, China recorded 74 deals during Q2 2020, marking a rise of 64.4% over the previous quarter and a rise of 32.1% over the last four-quarter average.

China construction & real estate industry M&A deals in Q2 2020: Top deals

The top five construction & real estate industry M&A deals accounted for 48.2% of the overall value during Q2 2020.

The combined value of the top five construction & real estate M&A deals stood at US$2.86 billion, against the overall value of US$5.93 billion recorded for the month.

The top five construction & real estate industry deals of Q2 2020 tracked by GlobalData were:

  • CITIC Trust's US$994.26 million acquisition of Guangzhou Wanxi Enterprise Management.
  • The US$666.41 million acquisition of Jinke Property Group by Guangdong Hongmin Enterprise Management Consulting.
  • Dalian Jiaguan Guangcheng Corporate Management Centre's US$426.59 million acquisition of Dalian Qingyun Sky Realty and DevelopmentLimited.
  • The US$409.86 million acquisition of Hainan Guoshan Industrial, Hainan Guoxu Industrial and Hainan Hangpeng Industrial by Hainan Development Holdings Real Estate Group.
  • Dalian Yida Service ConsultancyLimited's acquisition of Dalian Qingyun Sky Property ServiceLimited for US$359.01 million.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/03082020/globaldata-chinas-construction-and-real-estate-industry-ma-deals-total-us593-billion-in-q2-2020/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Construction news