国资央企并购周度观察第43期

M&A Overview - A total of 17 M&A events involving state-owned enterprises occurred in the week from October 28 to November 3, 2024, with 3 events from central state-owned enterprises and 14 from local state-owned enterprises[1] - China Aluminum acquired 100% equity of Chalco Shandong and 100% equity of Zhongzhou Aluminum[1] - Sanfeng Environment absorbed and merged with Sanfeng New Power, acquiring 100% equity[1] Corporate Dynamics - China Communications Construction Group's listed company, CCCC Real Estate (000736), announced the acquisition of 100% equity of CCCC Property Service Group[1] - YTO Group, a subsidiary of China Machinery Industry Group, reported progress on a major asset sale through its listed company YTO (601038)[1] - China Resources Group's listed company, China Resources Sanjiu (000999), announced progress on a major asset restructuring[1] - Another subsidiary of China Machinery Industry Group, Guoji Automobile (600335), reported progress on the sale of stock assets from its wholly-owned subsidiary[1] Technology Innovation M&A - Two technology innovation-related M&A events were reported: Inspur Information acquired 100% equity of Network Technology, and Ningbo Jingda planned a private placement to acquire 100% equity of Wuxi Micro Research[2] Risk Factors - Potential risks include underperformance in industrial investment and M&A, policy risks, and worse-than-expected industry operating conditions[3]