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Enterprises in Zhongshan 'going out' leveraging overseas mergers and acquisitions
Updated: 2017-09-20    Source: Zhongshan Daily Large Medium Small Print

Recently, under the new normal economy, enterprises in Zhongshan now use different approach, overseas mergers and acquisitions, to “go out” to the world. A number of leading enterprises such as Broad-Ocean Motor., Tongyu Communication and Mulinsen have invested in some top enterprises in the European and American markets, trying to obtain high-quality resources like technologies, brands and sales channels.

At the end of July 2016, Mulinsen and its strategic partners formed an association and reached an agreement with OSRAM, intending to acquire LEDVANCE, a general lighting channel subordinated to the company. This was Mulinsen’s first voyage for “go out to the world” by leveraging the capital market after it went public.

In 2016, Mulinsen’s capacity scale ranked the first globally in the industry. At present, it has begun to set up subsidiaries in several countries and regions including the United States, Singapore, Hong Kong and Taiwan for the purpose of energetically exploiting the markets at home and abroad.

Enterprises in Zhongshan invested in ASEAN and Africa mostly through capacity output or trade. By comparison, these companies expect to learn from advanced markets such as Europe, the United States and Hong Kong through overseas mergers and acquisitions in order to obtain high-quality resources in technology and market and enhance competitiveness in both domestic and foreign markets.

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