White Paper: Acquisitios by Chinese companies in US

By Andrew M. Ross
0 Comment(s)Print E-mail China.org.cn, February 20, 2012
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ANNEX A

CHINESE ACQUISITIONS, INVESTMENTS AND JOINT VENTURES IN THE UNITED STATES

COMPLETED AND ABANDONED 2004-2011

Acquirer/
Investor

Target

Industry

Consideration/
% if less than 100%

Status

Date

Lenovo

PC Hardware division of IBM

Computers

Cash

$1.75 Billion

Completed

2004

CNOOC (Chinese National Offshore Oil Corp.)

Unocal

Energy

Cash

$18.5 Billion

Abandoned
/political CFIUS factors

2005

Haier

Maytag

Home Appliances

Cash

$1.3 Billion

Abandoned

2005

VanceInfo Technologies Inc.

Envisys

Consultancy

 

Undisclosed

 

Completed

2005

hiSoft Technology International Ltd.

Envisage Solutions Inc.

Enterprise Software/Serv.

Undisclosed

100%

Completed

Mar. 2007

Jiangxi Greatsource Display Tech. Co. Ltd.

I/O Magic Corporation

Computers-Data Storage

Cash

$95 Millionapprox. 70%

Status uncertain

Announced
May 2007

Xinhua Sports & Entertainment
(Xinhua Finance Media Ltd.)

Small World Television

Television

Cash

$5 Million

70%

Completed

Aug. 2007

Lenovo Group Ltd.

Packard Bell NEC Inc.

Computers, peripherals, and software

Unknown

Abandoned

 

Aug. 2007

Universal Craft Division of Lacquer Craft Manufacturing

Pennsylvania House (name only) and related assets of La-Z-Boy

Home Furnishings

Cash

$1.65 Million

Completed

Oct. 2007

Coupled Products LLC

(wholly-owned subsidiary of Wanxiang Group Co. Ltd.)

Dana Corp.

 

Auto/Trucks parts and equipment

Cash

Undisclosed

 

Completed

Oct.2007

Jiangsu Jianghuai Engine Co., Ltd.

All-Power America LLC

Power equipment

Cash

$9.298 Million

Completed

Dec. 2007

Neapco LLC, Co.

(affiliate of Wanxiang Group Co., Ltd.)

Ford Motor Company’s Automotive Components Holdings’ Propshaft operations

Automobile components

Cash

Completed

Jan. 2008

Spreadtrum Communications, Inc.

Quorum Systems Inc.

Electronic Components-Semicon.

Cash $55M

Stock $15M

Up to $6M earnout

Completed

Jan. 2008

Wuxi PharmaTech Inc.

AppTec Laboratory Services Inc.

 

Laboratory testing services

Cash

$9.3 Million

Completed

 

Jan. 2008

Neapco Drivelines LLC (subsidiary of Wanxiang Group Co. Ltd.)

Driveshaft business unit from Ford Motors

Automotive parts

Undisclosed

Completed

Feb. 2008

iSoftstone Information Service Corp.

Akona Consulting

Software Tools

Undisclosed

Completed

Feb. 2008

Mindray Medical International Ltd.

Patient Monitoring Business (Datascope Corp)

Medical Products

Cash

$240 Million

Completed

May 2008

COFCO Limited

Smithfield Foods Inc.

Food- Pork producer and processor

> $63.5 Million

4.95%

Completed

 

Jun. 2008

Anhui Zhongding Sealing Parts Co. Ltd.

Allied-Baltic Rubber Inc.

Chemicals-Fibers

Cash

$4.5 Million

Completed

Jun. 2008

Li & Fung

Van Zeeland

Handbag importer

Cash

$330 Million +

Completed

Aug. 2008

VanceInfo Technologies Inc.

Wireless Info Tech Ltd.

Telcom Services

 

Cash

$1.08 Million
& certain restricted stock
100%

 

Announced
Sept. 2008

Beijing Farthest Technology

Joint Venture

Pipeline Subsidiary of Magplane Technology

Pipelines

Undisclosed

Cash

Completed

Sept. 2008

Suntech Power Holdings Co. Ltd.

EI Solutions

Solar integration and installation company

Undisclosed

100%

Completed

Oct. 2008

Suntech Power Holdings Co. Ltd.

Joint Venture with MMA Renewable Ventures (subsidiary of Municipal Mortgage & Equity)

Develop and Finance photovoltaic projects

Cash

Undisclosed

Completed

Oct. 2008

Land Star Inc.

Colorado mines

Mining Services

Undisclosed

100%

Completed

Nov. 2008

Shangdong Xinhua Medical Instruments Co. Ltd.

Joint Venture with General Electric Co.

Medical Instruments

$10 Million

Completed

Dec. 2008

China Minsheng Banking Corporation Ltd.

UCBH Holdings Inc.

Banking

Cash

$120 Million investment

Completed

Dec. 2008

Markor International Furniture

Shnadig Furniture

Upholstery Manufacturer

Cash

est. $8.94 Million

Completed

Jan. 2009

Lenovo Group Ltd.

Switchbox Labs Inc.

Computers

Undisclosed

Completed

Jan. 2009

Markor International Furniture Co. Ltd.

Schnadig Corporation

Furniture

Undisclosed

Completed

Jan. 2009

Beijing West Heavy Industries Co. Ltd

Brakes and suspension parts business of
Delphi Corporation

Electronics and technologies for automotive, commercial vehicles

Cash

$100 Million

Completed

Mar. 2009

HE-5 Resources Corp.

Trading Barter Bank

Diversified Financial Services

Undisclosed

100%

Completed

Mar. 2009

Jiangsu Shunda Semiconductor

Joint Venture with Solar Enertech Corp.

Energy/Alternate Sources

Cash

$1.7 Million

Completed

Apr. 2009

Shanghai Electric (Group) Corporation

Goss International

Printing-Commercial

Undisclosed

Major stake

Completed

Sept. 2009

Shenyang Power Group

Cielo Wind
Power LP and The U.S. Renewable Energy Group

Wind Farm

$1.5 Billion
Joint Venture

Completed

Oct. 2009

China Minsheng Banking

UCBH Holdings Inc.

Bank holding company

Undisclosed

Limited to 9.9% per regulation

Oct. 2009

Zhongding Sealing Parts (USA), Inc. (subsidiary of Zhongding Sealing Parts Co. Ltd.)

Buckhorn Rubber Products Inc. and Michigan Rubber Products, Inc. (subsidiaries of Myers Industries, Inc.)

Rubber/Plastic products

$10.0 Million net proceeds

Completed

Nov. 2009

China Minsheng Banking Corporation Ltd.

United Commercial Bank (subsidiary of UCBH Holdings)

Banking

Undisclosed

Abandoned based on regulatory block

Nov. 2009

Jackin International Holdings

Copper Century Corp.

Diversified Metals & Mining

$107.3 Million

Unknown

Dec. 2009

Northwest Non Ferrous International Investment Company Ltd.

Firstgold Corp.

Mining

Cash

approx.
$26 Million for majority share

Abandoned based on CFIUS

Dec. 2009

China Heaven Creation International Performing Arts Company

Theatre in Branson, MO.

Theatre

Cash

$3.5 Million

Completed

Dec. 2009

Tianwei New Energy Holdings Co., Ltd.

Hoku Scientific Inc.

Energy-Alternate Sources

Cancellation of Debt
$50 Million

60%

Completed

Dec. 2009

COFCO

Maverick Foods

Meat industry

Cash

$23.37 Million

Completed

Dec. 2009

Hiru Corporation

MindUp BioResearch Division of Hard to Treat Disease, Inc.

Herbs

Cash

Undisclosed

Completed

Jan. 2010

Shanda Games Ltd.

Mochi Media Inc.

Online games

$80 Million

Completed

Announced
Jan.2010

Sichuan Tengzhong Heavy Industrial Machines

General Motors
(Hummer brand)

SUV line

Cash

$150 Million

Terminated

Feb. 2010

Guangdong Yihua Timber

Hua Qing Enterprise LLC

Office
Building in CA.

$21.5 Million

Completed

Mar. 2010

BGP Inc.

Joint Venture with Ion Geophysical Corp.

Geophysical technologies

Cash

$108.5 Million

Completed

Mar. 2010

JV, having Shanghai Jin Jiang International Hotels (Group) Company Limited as 50% member

Interstate Hotels & Resorts Inc.

Hotels & Motels

Cash

$307 Million

Completed

Mar. 2010

Shenzhen New World
Group Co.

Marriott Hotel, Los Angeles

Hotel/Real Estate

Undisclosed

Completed

Mar. 2010

Guangdong Yihua Timber Inc.

Land & Building in Los Angeles

Real Estate Operations
/Development

Cash

$21.5 Million

100%

Completed

Mar. 2010

The9 Limited

Red 5 Studios, Inc.

Online Game Development

$20 Million

Completed
Majority Interest

Mar. 2010

DDI Industry International

Joint Venture with MagneGas Corporation

Plasma Arc Flow Refinery

Oil Company exploration & production

Cash

$1.06 Million

 

Completed

Mar. 2010

DDI Industry International Company

MagneGas Corporation (Investment and manufacturing rights to China Markets)

Alternative Waste
Technology

Cash

$2 Million

20% investment

Completed

Mar. 2010

HiSoft Technology International Limited

Echo Lane
(Partner of Salesforce.com)

Professional Services Firm (IT solutions provider/cloud computing)

Not disclosed

Completed

Apr. 2010

Alibaba.com

Vendio Services, Inc.

Online
E-Commerce
/Products

Undisclosed

100%

Completed

Jun. 2010

Shanghai Electric (Group) Corporation

Goss International

Printing equipment suppliers

Balance of 100% ownership.

Undisclosed

Completed

Jun. 2010

Alibaba.com

Auctiva

E-Commerce
/Services
(Developer of tools for eBay Sellers)

Undisclosed

100%

Completed

Aug. 2010

Shenyang Power Group

Joint Venture with U.S. Renewable Energy Group

Wind Farm

Undisclosed

Completed

Aug. 2010

Zhejiang Geely Holding Group

Volvo
(Ford Motor Co.’s Unit)

Automotive

$1.5 Billion
($1.3 Billion Cash and $200 Million Note)

Completed

Aug. 2010

Huiheng Medical, Inc.

ClearPath Breast Brachytherapy System of Portola Medical, Inc.

Internal Radiation Therapy

Undisclosed

Completed

August
2010

ZWCAD Software Co., Ltd.

VX Corporation

CAD/CAM Solutions

Undisclosed

Completed

Aug. 2010

AgFeed Industries Inc.

M2P2 LLC

Hog Production Company

$26 Million

100%

Completed

Aug. 2010

Anshan Iron & Steel Group

Joint Venture with Steel Development Co.

Steel Plant

Start-up US Steel Company

Abandoned

Announced
Aug. 2010

Soft Stone Information Technology (Group) Co. Limited

Ascend Technologies

IT Services and Business Consulting Services to global banks and financial services

100%

Undisclosed

Completed

Oct. 2010

Shanghai Fosun Pharmaceutical (Group) Co.

Joint Venture with Chindex International Inc.

保健服Healthcare Services

Joint Venture
51%

+ Stock and Shares for $62.4 Million

Completed

Oct. 2010

 

China National Offshore Oil Corp.
(CNOOC International Limited)

Eagle Ford Shale Project of Chesapeake Energy Corporation

Energy

Cash

$1.08 Billion initially and additional $1.08 Billion upon benchmarks

33% of project

Completed

Nov. 2010

Industrial & Commercial Bank of China Ltd.

Fortis Securities
(Prime Dealer Services unit)

Securities

Assumption of debt

Completed

Nov. 2010

Pacific Century Motors

Nexteer Automotive

General Motors’ steering parts manufacturing unit

100%

Undisclosed

Completed

Dec. 2010

Anhui Zhongding Sealing Parts Co. Ltd.

Joint Venture with INOACUSA

Automotive parts

Cash

$.1 Million

Unknown

 

Announced
Dec. 2010

SouFun Holdings Limited

American International Group, Inc. (AIG) Training Center, including NY real estate

Real Estate

$46 Million

Completed

 

Announced
Dec. 2010

Trinity

Trinity (Div. of Li & Fung Ltd.)

Cerruti
(owned by Matlin Patterson)

Luxury Apparel and Goods

$70 Million

Completed

Dec. 2010

Li & Fung Ltd.

Oxford Apparel (Div. of Oxford Industries Inc.)

Apparel

$95 Million after adjustments

Completed

Jan. 2011

Shenzhen New World Group Co.

Sheraton Universal Hotel

Hotel/Real Estate

$90 Million

Completed

Jan. 2011

Industrial & Commercial Bank of China Ltd.

Bank of East Asia Ltd.’s
US Branches

Banking

Cash

$140 Million

80%

Pending

Announced
Jan. 2011

China National Offshore Oil Corp.
(CNOOC International Limited)

Chesapeake Energy Corporation

Interest in Oil and Natural Gas fields

$570 Million

33%

Pending

Announced
Jan. 2011

Shenzhen New World
Group Co.

Sheraton Universal Hotel, Los Angeles

Hotel

est. $90 Million

Completed

Jan. 2011

Tencent Holdings Limited

Riot Games, Inc.

Video Game

$400 Million

Majority

Completed

Feb. 2011

China Aviation
Industry General Aircraft Co. Ltd.

Cirrus Industries

General Aviation Aircraft

Undisclosed

Completed

Mar. 2011

Markor International Furniture Co. Ltd.

A.R.T. Furniture

Furniture

Undisclosed

Completed

Mar. 2011

Huawei

3Leaf

Telecom

$2 Million

Withdrawn
(CFIUS)

Mar. 2011

Zhejiang Hisun Pharmaceutical Co. Ltd.

Photolitec LLC
(spin-off of Roswell Park Cancer Institute)

Pharmaceutical

$2 Million investment plus three $1 Million investments per benchmarks

Completed

Mar. 2011

LDK Solar Co. Ltd.

Solar Power Inc.

Photovoltaic solar developer

Cash

$33 Million
70%

Completed

Mar. 2011

Jilin Aodong Medicine Industry Group

Vital Therapies

Bioartificial Liver Support

$2 Million with contingent $25 Million

Completed

Apr. 2011

Avic Int’l Holding Corporation

Continental Motors and Teledyne Mattituck Services, Inc., subsidiaries of Teledyne Technologies Corporation

General Aviation piston engines

$186 Million

Completed

Apr. 2011

China Huaneng Group

InterGen NV

Global power generation

50% stake

$1.23 Billion

Completed

Apr. 2011

Technify Motor (USA) Ltd. (a subsidiary of AVIC International Holding Corporation)

Continental Motors, Inc. and Teledyne Mattituck Services, Inc. (subsidiaries of Teledyne Technologies Incorporated)

General Aviation Piston Engines and Components

Cash

$186 Million

100%

Completed

Apr. 2011

HNA Property Holdings (Hainan Airlines Group)

Manhattan Office Building

Real Estate

$265 Million

90%

Completed

May 2011

Tri-Tech International Investment Inc. and Tri-Tech Infrastructure, LLC (Subsidiaries of Tri-Tech Holding Inc.)

J&Y International Inc.

Water Treatment

$1.5 Million in Cash & Stock

Completed

Jun. 2011

HNA Property Holdings (Hainan Airlines Group)

Manhattan Office Building

Real Estate

$120 Million

Completed

Jun. 2011

 

China Auto Parts and Accessories Capital Holding, Ltd.

Century Automotive Mfg., Inc.

Auto parts supplier

Stock

Completed

Jul. 2011

Zhongding Sealing Parts (USA), Inc. (subsidiary of Zhongding Sealing Parts Co. Ltd.)

Cooper Products Inc.

Metal Products
Distribution

Cash

$9.8 Million

Pending

Announced
Jul. 2011

HiSoft Technology International Limited

Nouveon Technology Partners, Inc.

IT Consulting Firm

Cash

$5.5 Million plus earnouts

Completed

Jul. 2011

AgFeed Industries Inc.

Kansas City Sausage Co. LLC and Pine Ridge Farms LLC

Food-Meat Products

Undisclosed

Pending

Announced
Jul. 2011

Wuhan Humanwell Healthcare (Group) Co., Ltd.

Puracap Pharmaceutical LLC

Medical-Drugs

Cash

$15.46 Million
for increase to 77%

Unknown

Jul. 2011

Genesis Energy Holdings Limited

Orion Energy International

Coal and consumable fuels

Cash

up to $350 Million

Pending

Jul. 2011

Monar International Inc.

Integrated Clinical Care Corporation

Medical Information Systems

Stock

Pending

Announced
Jul. 2011

Spreadtrum Communications, Inc.

Telegent Systems, Inc.

Electronic Components-Semiconductors

Undisclosed

Pending

Announced
Jul. 2011

iSoftStone Holdings Limited

Adventier Consulting Group

ERP Consulting Services

Undisclosed

Completed

Aug. 2011

China Aviation Industry Gen.

Joint Venture with LT Builders Group to acquire Epic Air LLC

Kit Built Aircraft

$4.3 Million

Completed

Aug. 2011

Perfect World Co Ltd.

Cryptic Studios Inc.

Internet Content – Entertainment

$50 Million

Completed

Aug. 2011

Zhejiang Hisun Pharmaceutical

PharmTak Inc.

Pharmaceutical

25%

Undisclosed

Pending

Announced
Aug. 2011

Chengzhi Life Science & Technology CO. Ltd. (subsidiary of Chengzhi Co. Ltd.)

Bio-Energy patents from BioEnergy, Inc.

Medicinal Products

$18 Million

Unknown

Announced
Aug. 2011

Canon Investment Holdings Limited

Altair Nanotech-nologies Inc.

 

Battery Cells

Cash

$57.5 Million53.3%

Completed

Aug. 2011

 
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