- Hong Kong-based oil and gas exploration company United Energy Group said it agreed to acquire a 5.26% stake in MKK petroleum concessions, Sindh Province, Pakistan for HKD 31.2 Million (USD 4 Million).
- Hong Kong-based diversified group First Pacific and Philippians power group Manila Electric Co (Meralco) agreed to acquire a 70% stake in Singapore's electric power generating company GMR Energy (GMRE) from India's infrastructure and heavy construction group GMR Infrastructure for SGD 600 Million (USD 488 Million), First Pacific reported.
The blog about chinese entrepreneurs, their activities and their relationships to the world
Saturday, March 9, 2013
Two relevant Chinese Outbound Investments
Please, find here below these two new Chinese outbound acquisitions of a petroleum company in Pakistan and an electric utility company in Singapore:
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