Group financial department held the “Special Workshop on Overseas Merger and Acquisition (M&A)” in Shenzhen office on August 5. The workshop was well attended by approximately 110 capital, tax and investment managers from the legal department, strategic business units and level-1 profit centers. The objective was to provide support for strategic measures of overseas market development during the 13th “Five-year Plan” period, to facilitate smooth implementation of relevant overseas projects, and to improve the asset allocation efficiency.

The training was given by several M&A transaction services partners at PricewaterhouseCoopers, with a focus on key issues relating to value assessment and deal structuring. In addition, detailed analyses were made, and countermeasures proposed, regarding differences in accounting standards and risks associated with regulatory approval, human resources, taxes and overseas divestiture deals, drawing on overseas M&A cases recently carried out by Chinese enterprises.

All participants benefited from the training workshop in terms of getting a clearer understanding of the overseas M&A environment and deal process, reinforcing their awareness of risks involved in overseas M&A deals, and sharpening their expertise in relevant operations, such as deal structuring.