ANNEX A
CHINESE ACQUISITIONS, INVESTMENTS AND JOINT VENTURES IN THE UNITED STATES
COMPLETED AND ABANDONED 2004-2011
Acquirer/ |
Target |
Industry |
Consideration/ |
Status |
Date |
Lenovo |
PC Hardware division of IBM |
Computers |
Cash $1.75 Billion |
Completed |
2004 |
CNOOC (Chinese National Offshore Oil Corp.) |
Unocal |
Energy |
Cash $18.5 Billion |
Abandoned |
2005 |
Haier |
Maytag |
Home Appliances |
Cash $1.3 Billion |
Abandoned |
2005 |
VanceInfo Technologies Inc. |
Envisys |
Consultancy |
Undisclosed
|
Completed |
2005 |
hiSoft Technology International Ltd. |
Envisage Solutions Inc. |
Enterprise Software/Serv. |
Undisclosed 100% |
Completed |
Mar. 2007 |
Jiangxi Greatsource Display Tech. Co. Ltd. |
I/O Magic Corporation |
Computers-Data Storage |
Cash $95 Millionapprox. 70% |
Status uncertain |
Announced |
Xinhua Sports & Entertainment |
Small World Television |
Television |
Cash $5 Million 70% |
Completed |
Aug. 2007 |
Lenovo Group Ltd. |
Packard Bell NEC Inc. |
Computers, peripherals, and software |
Unknown |
Abandoned |
Aug. 2007 |
Universal Craft Division of Lacquer Craft Manufacturing |
Pennsylvania House (name only) and related assets of La-Z-Boy |
Home Furnishings |
Cash $1.65 Million |
Completed |
Oct. 2007 |
Coupled Products LLC (wholly-owned subsidiary of Wanxiang Group Co. Ltd.) |
Dana Corp. |
Auto/Trucks parts and equipment |
Cash Undisclosed
|
Completed |
Oct.2007 |
Jiangsu Jianghuai Engine Co., Ltd. |
All-Power America LLC |
Power equipment |
Cash $9.298 Million |
Completed |
Dec. 2007 |
Neapco LLC, Co. (affiliate of Wanxiang Group Co., Ltd.) |
Ford Motor Company’s Automotive Components Holdings’ Propshaft operations |
Automobile components |
Cash |
Completed |
Jan. 2008 |
Spreadtrum Communications, Inc. |
Quorum Systems Inc. |
Electronic Components-Semicon. |
Cash $55M Stock $15M Up to $6M earnout |
Completed |
Jan. 2008 |
Wuxi PharmaTech Inc. |
AppTec Laboratory Services Inc. |
Laboratory testing services |
Cash $9.3 Million |
Completed |
Jan. 2008 |
Neapco Drivelines LLC (subsidiary of Wanxiang Group Co. Ltd.) |
Driveshaft business unit from Ford Motors |
Automotive parts |
Undisclosed |
Completed |
Feb. 2008 |
iSoftstone Information Service Corp. |
Akona Consulting |
Software Tools |
Undisclosed |
Completed |
Feb. 2008 |
Mindray Medical International Ltd. |
Patient Monitoring Business (Datascope Corp) |
Medical Products |
Cash $240 Million |
Completed |
May 2008 |
COFCO Limited |
Smithfield Foods Inc. |
Food- Pork producer and processor |
> $63.5 Million 4.95% |
Completed |
Jun. 2008 |
Anhui Zhongding Sealing Parts Co. Ltd. |
Allied-Baltic Rubber Inc. |
Chemicals-Fibers |
Cash $4.5 Million |
Completed |
Jun. 2008 |
Li & Fung |
Van Zeeland |
Handbag importer |
Cash $330 Million + |
Completed |
Aug. 2008 |
VanceInfo Technologies Inc. |
Wireless Info Tech Ltd. |
Telcom Services |
Cash $1.08 Million |
|
Announced |
Beijing Farthest Technology |
Joint Venture Pipeline Subsidiary of Magplane Technology |
Pipelines |
Undisclosed Cash |
Completed |
Sept. 2008 |
Suntech Power Holdings Co. Ltd. |
EI Solutions |
Solar integration and installation company |
Undisclosed 100% |
Completed |
Oct. 2008 |
Suntech Power Holdings Co. Ltd. |
Joint Venture with MMA Renewable Ventures (subsidiary of Municipal Mortgage & Equity) |
Develop and Finance photovoltaic projects |
Cash Undisclosed |
Completed |
Oct. 2008 |
Land Star Inc. |
Colorado mines |
Mining Services |
Undisclosed 100% |
Completed |
Nov. 2008 |
Shangdong Xinhua Medical Instruments Co. Ltd. |
Joint Venture with General Electric Co. |
Medical Instruments |
$10 Million |
Completed |
Dec. 2008 |
China Minsheng Banking Corporation Ltd. |
UCBH Holdings Inc. |
Banking |
Cash $120 Million investment |
Completed |
Dec. 2008 |
Markor International Furniture |
Shnadig Furniture |
Upholstery Manufacturer |
Cash est. $8.94 Million |
Completed |
Jan. 2009 |
Lenovo Group Ltd. |
Switchbox Labs Inc. |
Computers |
Undisclosed |
Completed |
Jan. 2009 |
Markor International Furniture Co. Ltd. |
Schnadig Corporation |
Furniture |
Undisclosed |
Completed |
Jan. 2009 |
Beijing West Heavy Industries Co. Ltd |
Brakes and suspension parts business of |
Electronics and technologies for automotive, commercial vehicles |
Cash $100 Million |
Completed |
Mar. 2009 |
HE-5 Resources Corp. |
Trading Barter Bank |
Diversified Financial Services |
Undisclosed 100% |
Completed |
Mar. 2009 |
Jiangsu Shunda Semiconductor |
Joint Venture with Solar Enertech Corp. |
Energy/Alternate Sources |
Cash $1.7 Million |
Completed |
Apr. 2009 |
Shanghai Electric (Group) Corporation |
Goss International |
Printing-Commercial |
Undisclosed Major stake |
Completed |
Sept. 2009 |
Shenyang Power Group |
Cielo Wind |
Wind Farm |
$1.5 Billion |
Completed |
Oct. 2009 |
China Minsheng Banking |
UCBH Holdings Inc. |
Bank holding company |
Undisclosed |
Limited to 9.9% per regulation |
Oct. 2009 |
Zhongding Sealing Parts (USA), Inc. (subsidiary of Zhongding Sealing Parts Co. Ltd.) |
Buckhorn Rubber Products Inc. and Michigan Rubber Products, Inc. (subsidiaries of Myers Industries, Inc.) |
Rubber/Plastic products |
$10.0 Million net proceeds |
Completed |
Nov. 2009 |
China Minsheng Banking Corporation Ltd. |
United Commercial Bank (subsidiary of UCBH Holdings) |
Banking |
Undisclosed |
Abandoned based on regulatory block |
Nov. 2009 |
Jackin International Holdings |
Copper Century Corp. |
Diversified Metals & Mining |
$107.3 Million |
Unknown |
Dec. 2009 |
Northwest Non Ferrous International Investment Company Ltd. |
Firstgold Corp. |
Mining |
Cash approx. |
Abandoned based on CFIUS |
Dec. 2009 |
China Heaven Creation International Performing Arts Company |
Theatre in Branson, MO. |
Theatre |
Cash $3.5 Million |
Completed |
Dec. 2009 |
Tianwei New Energy Holdings Co., Ltd. |
Hoku Scientific Inc. |
Energy-Alternate Sources |
Cancellation of Debt 60% |
Completed |
Dec. 2009 |
COFCO |
Maverick Foods |
Meat industry |
Cash $23.37 Million |
Completed |
Dec. 2009 |
Hiru Corporation |
MindUp BioResearch Division of Hard to Treat Disease, Inc. |
Herbs |
Cash Undisclosed |
Completed |
Jan. 2010 |
Shanda Games Ltd. |
Mochi Media Inc. |
Online games |
$80 Million |
Completed |
Announced |
Sichuan Tengzhong Heavy Industrial Machines |
General Motors |
SUV line |
Cash $150 Million |
Terminated |
Feb. 2010 |
Guangdong Yihua Timber |
Hua Qing Enterprise LLC |
Office |
$21.5 Million |
Completed |
Mar. 2010 |
BGP Inc. |
Joint Venture with Ion Geophysical Corp. |
Geophysical technologies |
Cash $108.5 Million |
Completed |
Mar. 2010 |
JV, having Shanghai Jin Jiang International Hotels (Group) Company Limited as 50% member |
Interstate Hotels & Resorts Inc. |
Hotels & Motels |
Cash $307 Million |
Completed |
Mar. 2010 |
Shenzhen New World |
Marriott Hotel, Los Angeles |
Hotel/Real Estate |
Undisclosed |
Completed |
Mar. 2010 |
Guangdong Yihua Timber Inc. |
Land & Building in Los Angeles |
Real Estate Operations |
Cash $21.5 Million 100% |
Completed |
Mar. 2010 |
The9 Limited |
Red 5 Studios, Inc. |
Online Game Development |
$20 Million |
Completed |
Mar. 2010 |
DDI Industry International |
Joint Venture with MagneGas Corporation |
Plasma Arc Flow Refinery Oil Company exploration & production |
Cash $1.06 Million |
Completed |
Mar. 2010 |
DDI Industry International Company |
MagneGas Corporation (Investment and manufacturing rights to China Markets) |
Alternative Waste |
Cash $2 Million 20% investment |
Completed |
Mar. 2010 |
HiSoft Technology International Limited |
Echo Lane |
Professional Services Firm (IT solutions provider/cloud computing) |
Not disclosed |
Completed |
Apr. 2010 |
Alibaba.com |
Vendio Services, Inc. |
Online |
Undisclosed 100% |
Completed |
Jun. 2010 |
Shanghai Electric (Group) Corporation |
Goss International |
Printing equipment suppliers |
Balance of 100% ownership. Undisclosed |
Completed |
Jun. 2010 |
Alibaba.com |
Auctiva |
E-Commerce |
Undisclosed 100% |
Completed |
Aug. 2010 |
Shenyang Power Group |
Joint Venture with U.S. Renewable Energy Group |
Wind Farm |
Undisclosed |
Completed |
Aug. 2010 |
Zhejiang Geely Holding Group |
Volvo |
Automotive |
$1.5 Billion |
Completed |
Aug. 2010 |
Huiheng Medical, Inc. |
ClearPath Breast Brachytherapy System of Portola Medical, Inc. |
Internal Radiation Therapy |
Undisclosed |
Completed |
August |
ZWCAD Software Co., Ltd. |
VX Corporation |
CAD/CAM Solutions |
Undisclosed |
Completed |
Aug. 2010 |
AgFeed Industries Inc. |
M2P2 LLC |
Hog Production Company |
$26 Million 100% |
Completed |
Aug. 2010 |
Anshan Iron & Steel Group |
Joint Venture with Steel Development Co. |
Steel Plant |
Start-up US Steel Company |
Abandoned |
Announced |
Soft Stone Information Technology (Group) Co. Limited |
Ascend Technologies |
IT Services and Business Consulting Services to global banks and financial services |
100% Undisclosed |
Completed |
Oct. 2010 |
Shanghai Fosun Pharmaceutical (Group) Co. |
Joint Venture with Chindex International Inc. |
保健服务Healthcare Services |
Joint Venture + Stock and Shares for $62.4 Million |
Completed |
Oct. 2010 |
China National Offshore Oil Corp. |
Eagle Ford Shale Project of Chesapeake Energy Corporation |
Energy |
Cash $1.08 Billion initially and additional $1.08 Billion upon benchmarks 33% of project |
Completed |
Nov. 2010 |
Industrial & Commercial Bank of China Ltd. |
Fortis Securities |
Securities |
Assumption of debt |
Completed |
Nov. 2010 |
Pacific Century Motors |
Nexteer Automotive |
General Motors’ steering parts manufacturing unit |
100% Undisclosed |
Completed |
Dec. 2010 |
Anhui Zhongding Sealing Parts Co. Ltd. |
Joint Venture with INOACUSA |
Automotive parts |
Cash $.1 Million |
Unknown
|
Announced |
SouFun Holdings Limited |
American International Group, Inc. (AIG) Training Center, including NY real estate |
Real Estate |
$46 Million |
Completed |
Announced |
Trinity Trinity (Div. of Li & Fung Ltd.) |
Cerruti |
Luxury Apparel and Goods |
$70 Million |
Completed |
Dec. 2010 |
Li & Fung Ltd. |
Oxford Apparel (Div. of Oxford Industries Inc.) |
Apparel |
$95 Million after adjustments |
Completed |
Jan. 2011 |
Shenzhen New World Group Co. |
Sheraton Universal Hotel |
Hotel/Real Estate |
$90 Million |
Completed |
Jan. 2011 |
Industrial & Commercial Bank of China Ltd. |
Bank of East Asia Ltd.’s |
Banking |
Cash $140 Million 80% |
Pending |
Announced |
China National Offshore Oil Corp. |
Chesapeake Energy Corporation |
Interest in Oil and Natural Gas fields |
$570 Million 33% |
Pending |
Announced |
Shenzhen New World |
Sheraton Universal Hotel, Los Angeles |
Hotel |
est. $90 Million |
Completed |
Jan. 2011 |
Tencent Holdings Limited |
Riot Games, Inc. |
Video Game |
$400 Million Majority |
Completed |
Feb. 2011 |
China Aviation |
Cirrus Industries |
General Aviation Aircraft |
Undisclosed |
Completed |
Mar. 2011 |
Markor International Furniture Co. Ltd. |
A.R.T. Furniture |
Furniture |
Undisclosed |
Completed |
Mar. 2011 |
Huawei |
3Leaf |
Telecom |
$2 Million |
Withdrawn |
Mar. 2011 |
Zhejiang Hisun Pharmaceutical Co. Ltd. |
Photolitec LLC |
Pharmaceutical |
$2 Million investment plus three $1 Million investments per benchmarks |
Completed |
Mar. 2011 |
LDK Solar Co. Ltd. |
Solar Power Inc. |
Photovoltaic solar developer |
Cash $33 Million |
Completed |
Mar. 2011 |
Jilin Aodong Medicine Industry Group |
Vital Therapies |
Bioartificial Liver Support |
$2 Million with contingent $25 Million |
Completed |
Apr. 2011 |
Avic Int’l Holding Corporation |
Continental Motors and Teledyne Mattituck Services, Inc., subsidiaries of Teledyne Technologies Corporation |
General Aviation piston engines |
$186 Million |
Completed |
Apr. 2011 |
China Huaneng Group |
InterGen NV |
Global power generation |
50% stake $1.23 Billion |
Completed |
Apr. 2011 |
Technify Motor (USA) Ltd. (a subsidiary of AVIC International Holding Corporation) |
Continental Motors, Inc. and Teledyne Mattituck Services, Inc. (subsidiaries of Teledyne Technologies Incorporated) |
General Aviation Piston Engines and Components |
Cash $186 Million 100% |
Completed |
Apr. 2011 |
HNA Property Holdings (Hainan Airlines Group) |
Manhattan Office Building |
Real Estate |
$265 Million 90% |
Completed |
May 2011 |
Tri-Tech International Investment Inc. and Tri-Tech Infrastructure, LLC (Subsidiaries of Tri-Tech Holding Inc.) |
J&Y International Inc. |
Water Treatment |
$1.5 Million in Cash & Stock |
Completed |
Jun. 2011 |
HNA Property Holdings (Hainan Airlines Group) |
Manhattan Office Building |
Real Estate |
$120 Million |
Completed |
Jun. 2011
|
China Auto Parts and Accessories Capital Holding, Ltd. |
Century Automotive Mfg., Inc. |
Auto parts supplier |
Stock |
Completed |
Jul. 2011 |
Zhongding Sealing Parts (USA), Inc. (subsidiary of Zhongding Sealing Parts Co. Ltd.) |
Cooper Products Inc. |
Metal Products |
Cash $9.8 Million |
Pending |
Announced |
HiSoft Technology International Limited |
Nouveon Technology Partners, Inc. |
IT Consulting Firm |
Cash $5.5 Million plus earnouts |
Completed |
Jul. 2011 |
AgFeed Industries Inc. |
Kansas City Sausage Co. LLC and Pine Ridge Farms LLC |
Food-Meat Products |
Undisclosed |
Pending |
Announced |
Wuhan Humanwell Healthcare (Group) Co., Ltd. |
Puracap Pharmaceutical LLC |
Medical-Drugs |
Cash $15.46 Million |
Unknown |
Jul. 2011 |
Genesis Energy Holdings Limited |
Orion Energy International |
Coal and consumable fuels |
Cash up to $350 Million |
Pending |
Jul. 2011 |
Monar International Inc. |
Integrated Clinical Care Corporation |
Medical Information Systems |
Stock |
Pending |
Announced |
Spreadtrum Communications, Inc. |
Telegent Systems, Inc. |
Electronic Components-Semiconductors |
Undisclosed |
Pending |
Announced |
iSoftStone Holdings Limited |
Adventier Consulting Group |
ERP Consulting Services |
Undisclosed |
Completed |
Aug. 2011 |
China Aviation Industry Gen. |
Joint Venture with LT Builders Group to acquire Epic Air LLC |
Kit Built Aircraft |
$4.3 Million |
Completed |
Aug. 2011 |
Perfect World Co Ltd. |
Cryptic Studios Inc. |
Internet Content – Entertainment |
$50 Million |
Completed |
Aug. 2011 |
Zhejiang Hisun Pharmaceutical |
PharmTak Inc. |
Pharmaceutical |
25% Undisclosed |
Pending |
Announced |
Chengzhi Life Science & Technology CO. Ltd. (subsidiary of Chengzhi Co. Ltd.) |
Bio-Energy patents from BioEnergy, Inc. |
Medicinal Products |
$18 Million |
Unknown |
Announced |
Canon Investment Holdings Limited |
Altair Nanotech-nologies Inc. |
Battery Cells |
Cash $57.5 Million53.3% |
Completed |
Aug. 2011 |
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