Shenzhen-listed firms report shrinking M&As in 2018
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E-mail Xinhua, May 7, 2019
Listed companies on the Shenzhen Stock Exchange reported falling mergers and acquisitions (M&As) last year, according to the bourse.
A total of 110 M&As worth 239.599 billion yuan (35.34 billion U.S. dollars) were made by Shenzhen-listed companies last year, down by 40.86 percent and 63 percent year on year respectively, the bourse said Sunday.
Most of the M&As highlighted the tendency to serve the real economy despite drops in the number and sum of deals, the bourse pointed out.
The bourse's boards serving small- and medium-sized enterprises and high-tech firms reported 11 overseas major assets reorganizations worth 57.804 billion yuan last year, increasing from those in 2017.
Firms listed on the Shanghai Stock Exchange reported increases on M&A number and sum last year.
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