CGA Monthly Bulletin (June 2019)

Date: Jun 2019
Deal-making in the Asia Pacific region continues to gain momentum from its successful run in 2018. Despite regulatory headwinds and macroeconomic uncertainties, cross-border M&A in Asia has remained strong, with a number of big-ticket transactions being announced. Meanwhile, new regulatory initiatives such as the Greater Bay Area (GBA), is driving renewed investor interest into the region.
Mergermarket’s inaugural Hong Kong M&A Forum will bring together 200 leading corporate investors, private equity fund managers and senior advisors from across Asia for a day of panel discussions, fireside chats, data presentations and case studies, to facilitate greater understanding of the latest trends and opportunities in Asian M&A.
ChinaGoAbroad’s members can enjoy special discount on booking the ticket.
Please use discount code: HKMnA19_CGoA when you book.
For details and registration, please click here.
Or contact Pauline Chen at book@avcj.com /+852 2158 9655
Featured Events
2nd Annual Asia Sustainable & Responsible Capital Markets Forum
June 25 (Hong Kong)
In Asia, plenty of potential issuers are looking at green bond programmes, but demand from investors is still some way short of the potential supply. So what’s holding Asian investors back? What role can issuers – from corporate to sovereign - play in investor education? Can commercial and government banks help grow the sustainable finance markets further in the region?
Join us for the 2nd Annual Asia Sustainable & Responsible Capital Markets Forum in Hong Kong on 25 June 2019 where we’ll address the above questions and much more. Over 300 investors and issuers across the region are expected to attend.
For details and registration, please click here.
The Greater Mekong Investment Forum
June 27 (Bangkok)
Euromoney Conferences’ annual Greater Mekong Investment Forum on 27 June in Bangkok will explore the latest global and regional economic developments, bringing together an audience of over 600 corporate and financial specialists to unravel where the opportunities lie and where the challenges exist for the future in the GMS exist.
This event represents an unrivalled opportunity for networking with key individuals and institutions from around the region who are driving growth in the Greater Mekong Sub-region.
For details and registration, please click here.
New Expert
Gao Yidao (China Insight, Public Policy & Strategic Business Issues)
Mr. Gao is the inaugural Secretary General of the Beijing Time-honored Brands Association and also an expert of the Time-honored Brands Revitalization Program sponsored by China’s Ministry of Commerce. He pioneered the launch of a series of national level campaigns (including the Time-honored Brands Customer Base Expansion, Time-honored Brands Upgrading (Franchise) and Time-honored Brands Rejuvenation Campaigns).
New Members
Centours International Travel Co Ltd was established in 2002 and is a fully qualified travel company approved by the China National Tourism Administration. Headquartered in Beijing, it has branches and offices in Shanghai, Shenyang, Nanjing and Shenzhen and internationally in Guam and Saipan. The company offers services for travels on the Pacific islands.
Content Highlights
Major amendments made to foreign real estate ownership in Abu Dhabi
Al Tamimi & Company
On 16 April 2019, the Abu Dhabi Government issued Law No. 13 of 2019 amending certain provisions of Law No. 19 of 2005 on Real Estate Ownership (“Law”).
1. Foreign individuals (non-UAE/non-GGC nationals) and companies wholly or partially owned by such foreigners, can now own freehold ownership of land within the investment areas in Abu Dhabi. Previously, foreign individuals and companies were able to hold freehold title to apartments, offices, villas and other real estate units and to acquire musataha, usufruct and long term lease rights over land for up to 99 years.
2. Public Joint Stock Companies that are at least 51% owned by UAE nationals can now own land and properties anywhere in Abu Dhabi.
The Law also introduces controls over the disposals of land that is subject to musataha or usufruct rights.
Tunisia: driving forces in economic hardships
Arabia Monitor
In a move to defuse discontent over economic hardships, Tunisia raised the minimum wage for industrial and farm workers as well as pensions for hundreds of thousands of private-sector retirees by 6.5%.
Prime Minister Chahad’s decision came in the face of pressure from Tunisia’s foreign creditors for a freeze in wages in the public sector, which includes some industrial workers, to reduce its large budget deficit.
The IMF has pushed Tunisia to freeze public-sector wages -- the bill for which doubled to about USD 5.5 billion in 2018 from 2010 -- to reduce them from 15.5% of GDP to 12.5% in 2020. They also want Tunis to trim spending to help reduce its heavy budget deficit, though such steps risk stirring up public anger over joblessness and poverty.
The rise was due mainly to resumption of tourism from Europe (particularly from the UK and France) and an increase in those from Russia and China.
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