Research On Performance Of CMOC Cross-Border Acquiring TFM Company On DRC

With the improvement of the level of opening up and the increasing strength of Chinese enterprises,as well as the implementation of China's “Going Global” and “Belt and Road”strategies,more and more enterprises have begun to explore international markets and participate in international trade through cross-border M&A.The rapid development of the market economy has spawned the emergence of cross-border M&A.Successful cross-border M&A can help companies rapidly expand their scale and strengthen their international competitiveness.However,there are many uncertain factors in the process of M&A,which may cause enterprises to face many problems,such as wasting enterprise resources or losing corporate interests.Therefore,how to evaluate the impact of cross-border M&A on corporate performance has become an important research topic.Establishing a performance evaluation system to comprehensively evaluate the impact of cross-border M&A on corporate performance is conducive to understanding the opportunities and challenges faced by Chinese enterprises in cross-border M&A.This can bring some enlightenment to other enterprises to participate in the construction of the “Belt and Road”.Based on the above background,this paper conducts an in-depth study on the performance of CMOC cross-border acquiring TFM on DRC.First of all,the article introduces the research background and significance,summarizes the research status at home and abroad.This part also introduces the research ideas,methods and innovations of the article.The second part defines the concept,introduces the relevant theory of M&A performance and the performance evaluation method.The third part of the article introduces the case of CMOC cross-border acquiring TFM on DRC from the aspects of M&A background,motivation and process.The fourth part of the article analyzes the performance of cross-border M&A by using event study method,financial index analysis method and non-financial index analysis method.The article analyzes short-term performance of M&A based on stock price fluctuations.It also selects appropriate financial indicators to analyze thecompany's long-term financial performance from four aspects,and selects three non-financial indicators to analyze non-financial performance.The last part of the article summarizes the full text and points out the shortcomings in the research,and looks forward to the future research direction.Through the above analysis,it is concluded that this cross-border M&A has improved corporate performance.M&A have created value for CMOC and helped the company achieve its goal of expanding the global mining landscape.Many conclusions can be drawn by summarizing the full text.If companies want to successfully complete cross-border M&A,they must reasonably choose the M&A target and find the right time.In addition,companies must be prepared and flexible in their choice of payment methods.Finally,companies should also pay attention to integration after M&A.This paper hopes to analyze this novel case by using comprehensive research method,so as to provide some experience and enlightenment for other companies to conduct cross-border M&A in the future.