(For a related story, please click [ID:nTOE70602X]) HONG KONG, Jan 7 (Reuters) - Chinese companies have been involved in major overseas M&A deals in their quest to go global, but the track record has been mixed, with Xinmao the latest to fail in a 1 billion-euro ($1.3 billion) bid to buy Holland's Draka .
Following is a list of China's major successes and failure in outbound acquistion deals over the past few years:
SUCCESSES
2007 - Industrial and Commercial Bank of China buys a 20 percent stake in South Africa's Standard Bank for $5.6 billion in cash, at the time the largest ever foreign acquisition by a Chinese commercial bank.
June 2009 - Sinopec buys Swiss oil explorer Addax Petroleum Corp for $7.2 billion, gaining access to high-potential oil blocks in West Africa and Iraq. [ID:nTOE69L03U]
August 2010 - The privately held parent of China's Geely Automobile Holdings Ltd announces that it has closed its $1.8 billion purchase of Ford's Volvo unit. [ID:nHKV002460]
FAILURES 2005 - Offshore oil company CNOOC's bid for California rival Unocal falls through in the face of U.S. political opposition. [ID:nLDE6900N5] 2006 - Qingdao Haier's bid to purchase U.S. appliance maker Maytag fails, losing the deal to Whirlpool Corp .
February 2010 - Little-known heavy machinery maker Sichuan Tengzhong Heavy Industrial Machinery withdraws bid to buy GM's Hummer as it was unable to obtain Chinese regulatory approval within proposed timeframe. [ID:nWEN0708]
January 2011 - Chinese group Xinmao drops an audacious 1 billion euro ($1.3 billion) bid for Dutch cablemaker Draka, leaving Italian peer Prysmian free to form an industry leader through a lower-priced deal. [ID:nLDE7050QD] (Reporting by Lee Chyen Yee; Editing by Lincoln Feast)