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New Deal


Announced

Completed

Ke Liming completed the acquisition of HengTen Networks from Evergrande for $570m.

Financials

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Transaction Value£409m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Single Bidder

Friendly

Hong Kong

wireless communications

Acquisition

Public

Completed

Digital Services

Majority

Synopsis

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Ke Liming, a private investor, completed the acquisition of HengTen Networks, aholding company principally engaged in the manufacturing and sale of accessories, from Evergrande, an integrated residential property developer, for $570m. Evergrande Group sold stakes in its internet unit to ease funding pressure.

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