M&A deals in Hong Kong hit four-year high as start-ups raced to merge with blank-cheque companies for foreign listings

Mergers and acquisitions activity involving Hong Kong companies hit the highest level in four years as deal-making received a boost from start-ups going public by merging with blank-cheque companies.Some 1,529 deals worth a combined US$182.79 billion were announced this year, a 49 per cent increase in value from 2020, according to data company Refinitiv. It was the highest since 2017, when transactions totalled US$207.52 billion.Driving the growth is a new form of fundraising that uses special…

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