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…
Source : South China Morning Post
Read more…M&A activity of Chinese property management firms poised to jump this year amid rush to raise much-needed cash
