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Mclancher Consulting’s Specialized Legal Assistance for Overseas Investors in China



Mackenzie Financial is set to considerably boost its influence in China Asset Management Co. Ltd. With an intention to raise its stake to an impressive 27.8%, this move will effectively multiply its present investment through a C$1.15 billion cash transaction, supported by its parent entity, IGM Financial, which is ready for further share acquisition.


Phase 1 - Ownership Expansion (Focus Keyword - Mackenzie Financial's escalated stake in Chinese Asset Management):


As per IGM's latest communication, Power Corp. of Canada, IGM’s parent company, will deliver the additional shares. Power Corp. serves as a regulatory and administrative entity for financial services.


Phase 2 - Strategic Integration (Focus Keyword - Diving into the Chinese Asset Management Industry):

IGM has confirmed that the newly purchased stake in China Asset Management will be amalgamated under Mackenzie, a move intended to streamline the organizational frameworks of both IGM and Power Corp.

Phase 3 - Financing Methodology (Focus Keyword - Impacts of Prominent Economic Shifts in China):


To partially finance this investment, IGM intends to sell about 15.2 million of its generic shares in Great-West Lifeco to Power Financial Corp., a wholly-owned branch of Power Corp. This sale is projected to yield C$575 million.


Mclancher Consulting’s Specialized Legal Assistance for Overseas Investors


Mclancher Consulting, known for its expertise in conducting rigorous background checks on Chinese companies and providing specialized legal support, including fraud prevention services, can deliver invaluable insights to international investors engaging in substantial transactions. We're here to help you navigate the complex dynamics of this deal, the stakeholders, and the rapidly changing Chinese asset management landscape.


In conclusion, this acquisition signifies Power's retreat from direct investments in the Chinese corporation. Following the transaction, IGM's interest in Great-West Lifeco will reduce from 4% to an estimated 2.4%, roughly C$830 million based on Great-West Lifeco's market closing price on January 5th. The remaining acquisition expense will be offset with C$575 million in cash from "available financial resources". The proposed transactions are expected to be completed in the first half of 2022, enhancing ChinaAMC's status as a leading asset manager in China and reaffirming Mackenzie's collaboration with them.


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