Financial Integration Analysis On Merger And Acquisition Between Wanda Cinemas And Australian Hoyts

At the beginning of the 21 st century,the tide of economic globalization makes Chinese enterprises are turning to international capital operation,and pay more attention to the international market resources,through cross-border m&a,optimize the allocation of resources,bring new impetus for enterprise,to promote the enterprise value maximization.At present,China’s enterprise development scale is in the bottleneck period,transnational merger and acquisition breaks the domestic condition and the environment limit,seeks new growth point for the enterprise,raises the profit of the enterprise.In 2015,China’s transnational mergers and acquisitions reached a record high.Although the cross-border m&a of Chinese enterprises is in full swing,the results are not satisfactory.According to statistics,the success rate of cross-border m&a in our country is less than 20%,which is mainly because of the incomplete integration after merger and acquisition,especially financial integration.Financial integration is an important component of the m&a integration,is the precondition of enterprise integrating other aspects,if financial integration of the work was not well done,other integrated madrassa reflected,non-existent.The good and bad of financial integration directly affect the post-merger performance evaluation.Taking wanda cinema line Australia Hoyts financial integration as a case study object,the practice of combining wanda cinema line Australia Hoyts transnational merger and acquisition of actual situation,firstly this paper introduces the general situation of wanda cinema line and analyzes its developing environment,this paper introduces the general situation of Australian Hoyts company again and development potential,and analyzed the motivation of mergers and acquisitions,mergers and acquisitions,wanda line process and acquisition mode.Then it introduces the targetof financial integration of wanda cinema line,analyzes the steps and procedures of financial integration and the financial situation before the merger.On this basis,to the wanda cinema line Australia Hoyts financial integration content are analyzed,and using the quantitative and qualitative analysis method to appraise the effect of its financial integration,wanda cinema line were found in the process of financial integration after the merger of deficiency,and put forward the wanda cinema line Australia Hoyts financial integration to our enlightenment,for the practice of Chinese enterprises transnational m&a financial integration,provide certain reference for other enterprises in the international financial integration after the merger some enlightenment and help.