The Financial Synergy Effect Study On M&A Of Sunac China

With the rapid development of economy,enterprises are facing competitive pressures increasingly.The development pace of enterprises relying on their own internal conditions slows down,which accelerates the pace of integration between enterprises.Therefore,enterprises begin to adopt mergers and acquisitions to accelerate their own grow,improve business capabilities and expand market share.Therefore,more and more enterprises choose to the strategy of mergers and acquisitions as the only way to rapidly development.Synergies are the goal pursued by M&A activities,and financial synergy is an important aspect of synergy.enhance market competitiveness and expand market share.In the process of enterprises controlling rights movement,the essence of mergers and acquisitions is a kind of rights transfer behaviors which is carried out by varies subjects according to the institutional arrangements made by the enterprise property rights.For example,in 2016 Haier acquired General Electrical Appliances,Jingdong acquired shop No.1,Didi Uber merger;in 2017,Geely acquired Lotus Automobile,Sunac China acquired Le TV,Seven Wolves acquired Carl Lagerfield;in 2018,China United Travel acquired Dushi Sports,Great Wall Film and Television purchase Premiere Era,Zhonghuan Semiconductoe acquired Guodian Photovoltaic.However,what we need to pay attention to is that the theoretical expected goal of mergers and acquisitions is not equivalent to the actual effect that can be achieved,whether and how to produce synergy effect is the focus of enterprises' attention,and the generation of financial synergies is the focus of synergies.This paper is divided into six parts.The first part is the introduction,which introduces the research achievements of this subject at home and abroad.The second part is the theoretical research,the enterprise M&A and financial synergy effect which related theories are summarized;The third part is an overview of sunac China M&A cases,introducing sunac China and analyzing the motivation and background of Sunac China's m&a.The fourth part is the analysis of financial synergies on Sunac China mergers and acquisitions,which come from six aspects of profitability,solvency,operational ability,growth ability stock appreciation effect and cash flow,pointing out the positive and negative financial synergies generated by mergers and acquisitions.The fifth part,countermeasures is put forward to improve the financial synergy effect of Sunac China mergers and acquisitions,Meanwhile,countermeasures are put forward to realize the financial synergy effect of Sunac China mergers and acquisitionsa.The sixth part is conclusion and prospect,The main conclusions of the research are expounded,and the research is summarized and prospected.