Study On The Performance Of Overseas Mergers And Acquisitions Of Mineral Resources Enterprises ——Taking Tianqi Lithium Industry As An Example To Merge Tylison

With the deepening of China’s market economy,a large number of mineral resources-based enterprises go abroad to the world,and many of them are the core strategy of the development of mineral.At present,under the background of our country pushing forward the new energy automobile strategy,the demand for the important mineral resources in the power battery manufacturing industry chain of the new energy vehicles is growing rapidly in our country.Based on this background,this paper chooses Tianqi lithium industry as the research object in the new era of "white petroleum" lithium ore resource enterprise in the raw material side of new energy automobile battery.Its overseas "snake-swallowing" acquisition of Tyrlison completed on January 28,2014 Typical case studies,this has very important significance.Based on the characteristics of mineral resources-based enterprises,this paper classifies the overseas mergers and acquisitions of mineral resources-based enterprises separately.According to the characteristics of mineral resources-based enterprises,the overseas M ＆ A events in 176 publicly traded mineral resources from 2010 to 2017 are sorted out.This paper analyzes in detail the present situation and characteristics of overseas mineral resources mergers and acquisitions of Chinese enterprises in recent years from the aspects of the development process of mining overseas mergers and acquisitions,the scale of funds,the main body of mergers and acquisitions and the regional distribution.Then it leads to the background of overseas mergers and acquisitions of mineral resources-based enterprises.At the same time,this paper takes Tianqi lithium overseas acquisition of Thaleson as a case study,according to the 2011-2017 days the annual report of Li Industry and the financial data of 30 mineral resource-based enterprises analyze whether or not the economic consequences of the merger and acquisition have changed and how they have changed from the capital market,financial and non-financial indicators.To study whether overseas mergers and acquisitions of mineral resources-based enterprises have positive economic consequences,and to sum up the premise,key and difficulties of successful overseas mergers and acquisitions of mineral resources-based enterprises.In order to promote China’s mineral resources-based enterprises overseas mergers and acquisitions to achieve better results.The research concludes that Tianqi lithium overseas M ＆ A Thaleson from the performance of the capital market,overseas mergers and acquisitions to Tianqi lithium industry brought good news,investors and management to this merger and acquisition event has a recognized attitude;From the financial indicators and financial comprehensive analysis,the financial performance of enterprises has been greatly improved,the overall score of M ＆ A performance of 30 enterprises ranked top,obviously better than the average level of pre-M ＆ A and the same industry;From the perspective of non-financial indicators,this overseas merger and acquisition event has enhanced the contribution of Tianqi lithium industry to the society,and has become a global high-quality enterprise.To sum up,Tianqi lithium industry acquired positive results after the overseas acquisition of Tellison To the economic consequences,is a more successful merger and acquisition behavior.At the same time,it is the premise,condition and key of successful overseas M ＆ A for mineral resource-based enterprises to have the right M ＆ A motive,grasp the right M ＆ A opportunity and effectively integrate the resources.