Beijing Capital buys NZ waste management firm

Beijing Capital surprises the market with its nimble $793 million acquisition of Transpacific’s New Zealand arm, as corporate China's globalisation push continues apace.

Denise Wee

March 03, 2014

The rush of Chinese companies expanding overseas continues, with state-owned Beijing Capital Group the latest to invest abroad after it struck a NZ$950 million ($793 million) deal to acquire Transpacific Industries Group’s New Zealand business.

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