 |
| Ben Cavender |
The BBC:
The restructuring of the deal was "kind of crazy" said Ben Cavender, senior analyst with China Market Research.
"It is very concerning, and it's very unusual at this late stage to have a $9bn deal, and then to have another deal with another company in place."
He added Chinese firms were running into trouble because they did not have the due diligence or vetting in place for large mergers and acquisitions.
"They put out a lot of press, then the regulators realise there's some issues that need to be addressed. I suspect that's what happened here."
The initial transaction had been a surprise - not least because it represented a U-turn from Dalian Wanda's ambitions to expand in the tourism sector.
The three Chinese theme parks had only opened in the past year, and were intended to compete with US giant Disney's ventures in the country.More in the BBC.
Ben Cavender is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.
Are you looking for more experts on China's outbound investments? Do check out this list.
No comments:
Post a Comment