The Study Of FH Enterprises Fiancial Risk In M&A Of Cross

With the development of our country's economy,as a modern enterprise mergers and acquisitions to expand the business of the company strategic investment way,because of its can optimize the allocation of resources,expand the scale of the enterprise,develops the market,as role,more and more enterprises to adopt this path.Since joining the "WTO",many well-known enterprise's business scope has been expanded to the abroad.With the further popularization of the tide of "going out",multinational,cross-border mergers and acquisitions among enterprises has become China's enterprises want to quickly take an important means in the international market.Western countries through five development of mergers and acquisitions,mergers and acquisitions is becoming more and more mature.Compared with the west's fifth wave of mergers and acquisitions,the development of mergers and acquisitions in China compared with short,lack of experience.The understanding of the risk in M&A and guard against,especially financial risk prevention is still insufficient.Financial risk as the most important factors in the risk of mergers and acquisitions,worthy of attention and further research.The mergers of FH company is real case,is the first case of mainland companies offer Taiwan enterprise.In this paper,through the analysis of the cross-border M&A financial risk in the forms and influence factors: including the uncertainty of target enterprise value analysis,single financing channel,a premium of mergers and acquisitions,etc.According to these reasons,according to the characteristics of the mainland and Taiwan enterprises,for FH cross-border mergers and acquisitions of financial risk put forward the corresponding proposal: a comprehensive understanding of the target enterprise before including mergers and acquisitions,mergers and acquisitions channel multiplication,reasonable assessment of target enterprise value in mergers and acquisitions,mergers and acquisitions of financial regulation and personnel after consolidation,etc.In order to pass this case,it has reference value to other enterprise mergers and acquisitions.