Aug 04, 2018 (China Knowledge) - 122 M&A transcations on China’s National Equities Exchange And Quotations(NEEQ) as Chinese over-the-counter system for trading shares of a public company have been disclosed in H118 with aggregate deal size of Rmb 22.863 billion, jumping 29% YoY. The overall average P/E ratio was approximately 38.6x,according to statistics released by NEEQ on Aug 3.
Data show that A-share listed companies have been active acquirers for stakes of NEEQ listed companies recently. In the first half of 2018, A-share listed companies have acquired a total of 21 enterprises on NEEQ with total deal size of Rmb 15.371 billion, accounting for 57.97% of the total M&A transactions which have taken place on NEEQ which is regarded as China’s Nasdaq.
In the first half of 2018, 863 NEEQ listed companies have closed 869 share issuance or placement deals with a total fundraising size of Rmb 35.792 billion with average deal size of Rmb 41.187 million, an average offer price of Rmb 4.87/share as well as an average PE of 27.75x. In the first half of 2018, the most active share issuers on NEEQ are companies with a net profit of less than Rmb 10 million, accounting for 38.09% of the total number of share issuance deals.
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