Research On The Performance Of Overseas M&A Of Environmental Protection Enterprises In China

As a key step in actively participating in global economic integration and promoting the sustainable development of China’s economy,overseas mergers and acquisitions have important strategic significance for Chinese enterprises.Overseas mergers and acquisitions can help enterprises to develop rapidly,realize the effective allocation of resources in a short period of time,and promote the reform of relevant domestic technologies and systems.In recent years,the rapid development of overseas mergers and acquisitions by Chinese companies has allowed a large number of Chinese capital to move to the world stage,giving Chinese companies a greater say in the international market.However,overseas mergers and acquisitions are both opportunities and challenges.Chinese companies have short time for overseas mergers and acquisitions,and their experience is limited.Whether it is the preparation stage of mergers and acquisitions,the specific operation stage of mergers and acquisitions,or the integration stage after mergers and acquisitions,it may not be possible.The goal even suffered failure.Therefore,how to implement overseas mergers and acquisitions and M&A performance evaluation after completion of mergers and acquisitions has become an urgent issue for enterprises.In recent years,among the enterprises that have implemented overseas mergers and acquisitions in China,the environmental protection industry has performed more prominently and has also shown certain characteristics.Therefore,this paper takes China’s environmental protection enterprises as the research object,and conducts a comprehensive and in-depth analysis of the business performance of the enterprises after the implementation of overseas mergers and acquisitions.Firstly,based on the theory of overseas mergers and acquisitions,this paper uses PEST analysis method to analyze the domestic and international political and economic environment faced by China’s environmental protection industry in implementing overseas mergers and acquisitions.Secondly,taking the acquisition of Singapore ECO company as the case,the application of event research method,financial indicator analysis method and other M&A performance evaluation methods,comprehensive analysis of the short-term wealth effect,medium and long-term business performance of the first acquisition of Singapore ECO company,and after calculating the merger and acquisition The economic value added,further analysis of the impact of the merger on the opportunity cost of the enterprise.Finally,this paper analyzes the problems existing in the process of the acquisition of Singapore ECO by Capital Partners,and puts forward corresponding suggestions to provide some reference for overseas mergers and acquisitions of China’s environmental protection industry.