Hong Kong’s $38 Billion Year for M&A Sparks Rare Bidding Wars
- M&A targeting HK-listed firms set for busiest year since 2017
- HKBN, Greatview have attracted interest from other bidders
This year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from skin-care brands to warehouse operators. Allied to that has been an uptick in bidding wars as some firms jostle for assets.
China Mobile Ltd.’s pursuit of broadband provider HKBN Ltd. is likely to face competition from US private equity firm I Squared Capital, Bloomberg News reported Wednesday. Greatview Aseptic Packaging Co. Chairman Jeff Bi is in talks with Chinese investor Cloudview Capital about a joint buyout bid to rival one from Shandong Newjf Technology Packaging Co.
