Guangzhou, China, July 12, 2007 – E. J. McKay  today completed the sale of 100% of the interest in a Guangdong based construction materials company owned by a European multinational to an investment group led by Hong Kong based Kuanpei Investment Corp., completing the divesture of the European firm's operations in Southern China.  

The transaction, part of a multi-step program of strategic repositioning by the European conglomerate, is to focus the Group's resources on key markets where it is a top player. 

James Z. Li, a Managing Director with E. J. McKay, which advised the European firm in the transaction, commented that “The transaction signals the maturity of the Chinese M&A market, where multinational corporations realize their strategic imperatives via not only acquisitions, but also divestures. It is a very positive strategic move by our European client.”

About E. J. McKay

E. J. McKay is a Shanghai based investment banking group specialized in structuring complex cross-border mergers & acquisitions and merchant banking transactions. With a presence in 17 countries and 23 major financial centers around the world and a dedicated focus on China, the firm advises transactions both inbound and outbound, representing clients both local and multinational.

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