LiuGong eyes overseas M&A opportunities

Guangxi LiuGong Machinery Co Ltd, one of the world's largest wheel loader makers, is considering more merger and acquisition opportunities in the next few years, as it seeks to expand globally.

"We don't have particular targets for now, but we are constantly on the lookout for suitable acquisitions, as we seek to increase our global presence," said Yu Chuanfen, LiuGong's vice-chairman.

Revenue from overseas sales reached 2.6 billion yuan ($400 million) last year, accounting for around 35 percent of the company's total sales.