Research On Overseas M & A Of Private Enterprises In China

In recent years,with the continuous release of domestic policy dividends and the favorable macroeconomic environment for overseas mergers and acquisitions,China's private enterprises' overseas mergers and acquisitions have grown rapidly.However,due to the existence of differences in culture,social systems and legal supervision,this approach will also cause certain problems for overseas mergers and acquisitions.This article adopts case studies and other research methods.Taking Dalian Wanda Group's overseas acquisitions as the research object,the issue of overseas M&A of private enterprises in China is studied.From special to general,it is concluded that Chinese private enterprises can continue to operate and improve the rate of success of overseas M&A.Through the case analysis of Wanda Group's merger and acquisition of AMC in the United States,it draws a conclusion as to how to make China's private enterprises carry out targeted overseas investment in the context of economic globalization.Through the review of related documents and public information,the detailed contents of the Wanda merger and acquisition process were summarized.Combined with the internal business environment,external economics and policy environment,the comprehensive analysis revealed that Wanda Group had the following problems before and after M&A activities: merger and acquisition timing and selection of M&A targets is inadequate,cultural differences and regulatory oversight at the domestic financial regulatory level have led to difficulties in financing and M&A growth has brought about management risks.At the same time,since Wanda Group has comprehensively considered the five aspects of mergers and acquisitions,including its system,business model,culture,business,and finance,Wanda has effectively obtained control of AMC and achieved AMC's control after the merger and acquisition.Mixed business operations,eased the cultural conflicts between companies,and improved the asset structure.The integration after mergers and acquisitions was relatively successful.It has certain reference value for overseas mergers and acquisitions of private enterprises.Therefore,the proposals presented in this paper are as follows: careful selection of target companies and timing of mergers and acquisitions,multi-channel financing for compliance,clear corporate strategic positioning,studying of cross-cultural differences and strengthening integration after mergers and acquisitions.