 Mid-Year 2008
Credit crunch hits Asia Pacific
2007 ended innocuously enough. There was no let-up in deal activities. Mega deals and buyouts continued to close; and while everyone complained about tightening credit, it continued to be available. The atmosphere was surreal, as if we in Asia Pacific were perched on a mountain overlooking the billowing smoke of the looming but faraway fires of burning credit. And then the fire caught on.... First, the stock markets around the world plunged in January amid growing fears of a US recession, fuelled by the sub-prime crisis. This, and other factors, culminated in the credit crunch that has hit our shores.
PricewaterhouseCoopers M&A Professionals
The Asia-Pacific region is characterised by a diversity of cultures, business practices and regulatory environments. Executing successful transactions in this market requires a combination of in-depth local knowledge and an integrated regional network. PricewaterhouseCoopers has experienced professionals in all major territories in the region within our Transaction Services, Tax Services (China M&A Tax and Hong Kong M&A Tax) and Corporate Finance practices to provide a wide range of integrated, uniform and high quality services to any potential investor in the Asia-Pacific region.
Get Your Copy
Read more by downloading our Asia-Pacific M&A Bulletin (Mid-Year 2008) (pdf, 1.86MB) for your reference. Alternatively, you may launch and view the pdf excerpts for each section or jurisdiction below:
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North Asia
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South Asia
Australasia
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