Sunday, February 23, 2014

New Chinese Outbound investments in the US and Singapore

According to EMIS, two new outbound Chinese investments have been performed in the US and in Singapore in two very different sectors.

In the US, Goldleaf Jewelry Co. Ltd. has acquired ERG Resources LLC -a company operating in the are oil and gas extraction sector- for a value of USD 665 million.

In Singapore, Bank of China Group Investment Ltd. Hopu Investment Management Co. Ltd., some institutional investors and other undisclosed investors (all from Hong Kong) have acquired a minority stake, for a value of USD 162.5 million, in Global Logistic Properties Ltd., a company operating in the warehousing and storage sector.

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