China News Agency, Beijing, March 11th (Xia Bin) Global Law Firm White & Case LLP released the "Global M & A Sentiment Tracker" (hereinafter referred to as the "Report "). The report said that despite factors such as market downturns, changes in the market environment, and increasing challenges, executives in Asia and around the world are still optimistic about the outlook for M & A activity in 2020. Among them, 82% of respondents in Asia believe that M & A activity will increase.
In the fourth quarter of 2019, Weikai Law Firm surveyed the senior management responsible for mergers and acquisitions of more than 800 large-scale companies in the industry, covering the United States, Europe, Asia and Latin America.
The report shows that 79% of mainland Chinese respondents, 55% of Hong Kong Chinese respondents and 61% of Singapore respondents plan to make more acquisitions in 2020 than in the previous year.
Zhang Zhao, head of Weikai China and M & A business, said that although the current situation will have considerable impact on enterprises, especially those already under pressure, the economic downturn will not eliminate the urgent needs of strategic buyers. These strategies Buyers have the need to acquire technology and enter new markets.
"In fact, many people believe that the current downward pressure is an opportunity, especially when the target valuation is down. Once the (new crown pneumonia) epidemic is stable and companies can assess the market impact, we will likely see the market reignite optimism Emotions, M & A executives will also be more willing to participate in M & A activities. "Zhang Zhao said.
It is worth noting that the report shows that technology is considered an important driver of the 2020 transaction. Companies in all industries face the challenge of digitizing and automating operations and providing customers with digital and automated services. This is true even in the manufacturing and industrial sectors where digital tradition is less important. M & A is the fastest way to gain new competitive advantages and new technologies. (Finish)