Industrial integration has become the mainstream mode for mergers and acquisitions (M A) of companies listed on Shanghai Stock Exchange, the Securities Times reported on Tuesday.
Latest statistics from the Shanghai bourse show that altogether 143 Shanghai-listed companies had carried out significant restructuring this year by August 31, of which 52 ones completed the restructuring, surging 25.44 percent and 100 percent year on year, respectively.
Among the 52 companies' restructuring moves, 18 ones involved industrial integration, 15 ones were overall listings, 12 ones were backdoor listings and seven ones were cross-sector M As.
By sector, about 76.4 percent of the 143 restructuring companies were in traditional industries, such as manufacturing, wholesales and retail and chemical industries.
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