M&A bankers hopeful despite China's market woe

Bank of China (Hong Kong)'s sale of Nanyang Commercial Bank attracted only one bidder while Tesco's sale of Homeplus is still in the works.

M&A bankers hopeful despite China's market woe

China's wild stock market ride and shredded investor confidence will not necessarily kill off deal-making but the road ahead could be tougher for new mergers and acquisitions.

The Shanghai Composite Index plunged by 8.5% on Monday and continued to fall further on Tuesday and Wednesday, rocking financial markets around the world, before rising 5.3% on Thursday. The benchmark is some 40% below its June 12 peak but still 40% higher than it's 52-week low....

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