Research On The Risks And Countermeasures Of Overseas Mergers And Acquisitions Of Chinese Mineral Companies

Under the “One Belt,One Road” initiative,Chinese companies? “going out” overseas mergers and acquisitions have been increasing.However,due to the failure of Chinese companies to prevent and control risks in the process of overseas mergers and acquisitions,the mergers and acquisitions failed,and merger failures that suffered huge losses occurred from time to time.Therefore,combing the risks existing in overseas mergers and acquisitions and exploring countermeasures is of theoretical and practical significance for effectively promoting Chinese enterprises to “go global” for overseas mergers and acquisitions.Using the case study method,Chifeng Gold acquired the Laos copper and gold mine as the research object,and guided the timeline as the direction,and discussed the risks faced in different stages of overseas mergers and acquisitions,and how to deal with them.The research results show that systemic risk runs through the whole process of mergers and acquisitions.Enterprises face economic risks,political risks,legal risks and cultural risks in the process of mergers and acquisitions;non-systemic risks are classified into operational risks according to the characteristics of overseas M&A risks.Financial risks and market risks.In view of the imperfect decision-making process of Chifeng Gold M&A,lack of basis for transaction pricing,lack of financing options,inadequate staffing,and lagging construction of internal control system for overseas mergers and acquisitions,combined with internal control of enterprises,specific countermeasures and suggestions are proposed to improve the risk of mergers and acquisitions.Management level.The research conclusions have guiding significance for enterprises to carry out overseas mergers and acquisitions and improve the efficiency of mergers and acquisitions.