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  1. Deals Analysis
September 28, 2021

China’s construction & real estate industry sees a drop of 15.38% in deal activity in August 2021

China’s construction & real estate industry saw a drop of 15.38% in overall deal activity during August 2021, when compared with the last 12-month average, led by Hunan Friendship Apollo Commercial’s $76.86m acquisition of 41.5% stake in Hunan Shaoyang Friendship Apollo, according to GlobalData’s deals database.

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A total of 22 deals worth $486.1m were announced in August 2021, compared with the 12-month average of 26 deals.

M&A was the leading category in the month in terms of volume with 19 deals, which accounted for 86.4% of all deals.

In second place was venture financing with three deals accounting for 13.6% of overall deal activity in the China’s technology industry during the month.

In terms of value of deals, M&A was the leading deal category in China’s construction & real estate industry with total deals worth $485.53m, followed by venture financing deals totalled $0.61m.

China construction & real estate industry deals in August 2021: Top deals

The top five construction & real estate industry deals accounted for 63.3% of the overall value during August 2021.

The combined value of the top five construction & real estate deals stood at $307.59m, against the overall value of $486.1m recorded for the month.

The top five construction & real estate industry deals of August 2021 tracked by GlobalData were:

1) Hunan Friendship Apollo Commercial $76.86m acquisition deal for 41.5% stake in Hunan Shaoyang Friendship Apollo

2) The $59.13m acquisition of 60% stake in Xiamen Tengwangge Real Estate Development by Xiamen Tungsten

3) Guangdong Dongyiwan Group $58.77m acquisition deal with Foshan Pulida Technology

4) The $57.01m acquisition of 70% stake in Hebei Changrunda Environmental Engineering by Kaisa Prosperity

5) Jingneng Real Estate $55.82m acquisition deal with Beijing Lifu Real Estate Development

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Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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