Value of outbound M&As rises

THE value of outbound mergers and acquisitions by Chinese enterprises surged 16.2 percent to a record high in the first three quarters of this year, and the trend may continue over the next 12 months, Deloitte Touche Tohmatsu said yesterday.

A total of 133 companies from the Chinese mainland, Hong Kong, Macau and Taiwan, sealed the outbound M&A deals valued at US$52.2 billion in the January-September period, the highest since Deloitte started to compile the data in 2005.

"Chinese outbound M&A activities continued to be vibrant over the first nine months of 2012 and have not been impacted by China's confusing macro-economic picture," said Lawrence Chia, head of Deloitte China M&A Services.

China's outbound M&As were focused on the energy and resources sector during the period, Deloitte said in a report.

Deloitte said 90 percent of 69 M&A practitioners it surveyed are optimistic that Chinese outbound M&A deals will increase over the next 12 months.

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