M&A activity of Chinese property management firms poised to jump this year amid rush to raise much-needed cash

//M&A activity of Chinese property management firms poised to jump this year amid rush to raise much-needed cash

M&A activity of Chinese property management firms poised to jump this year amid rush to raise much-needed cash

The property management units of struggling Chinese developers will engage in more mergers and acquisitions to generate much-needed cash this year, analysts forecast.Meanwhile, their healthier peers are poised to tap capital markets to raise the funds to buy some of their offloaded assets.The number of M&A deals and the transaction value in the property management segment will jump at least 20 to 30 per cent year on year, according to Raymond Cheng, an analyst at CGS-CIMB Securities in Hong…

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By | 2022-01-12T03:30:20+00:00 January 12th, 2022|Business|Comments Off on M&A activity of Chinese property management firms poised to jump this year amid rush to raise much-needed cash