Strict regulations on initial public offerings has lead to a boom in mergers and acquisitions in China’s energy sector, according to a recent survey.
The survey, conducted by Zero2IPO Group, found that since the second half of 2012 there has not been a single IPO from one of China’s new energy companies. Mergers have accumulated more than $5.8 billion, however.
About $8 billion of that figure came from mergers within the energy sector.
Ninety-six mergers were reported between 2006 and October of this year, the survey said, which also predicted the trend to continue for the rest of the year.
In recent months the energy sector has seen rapid growth with new entrants, but as a result is seeing an oversupply problem. Weak financial performances have stunted IPOs, but according to reports, companies see opportunities for growth in the M&A business.
Full Content: Want China Times
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