The attitude of Koreans is that only foreigners will pay the price they are as king, says Daniel Harwood of ABN?Amro Asia in Seoul. But foreigners are looking at these business and saying How can I make a profit, not Oh, it?s cheap, and I?ll buy it. No one will take over these companies unless they can restructure.
Survival is usually uppermost in the minds of companies with their backs to the wall, even if that entails being reduced to a minority stake. In Thailand, however, most ailing companies seem loathe to admit that their conditions may be fatal. They aren?t realistic, says Henry Conell, Goldman Sachs? Hong Kong?based partner in charge of direct investment in Asia. Nobody is about to say to them, you will be gone.
In south Korea, interest from foreigners has focused more on the country?s manufacturers. But, the number of actual purchases, like those in Thailand, is small. In any event, big?ticket cross?border mergers and acquisitions are bound to take time. Indeed, analysts say the main reason for the dearth of deals so far is due to diligence: foreign investors must thoroughly familiarize themselves with companies they might buy. You can?t do this stuff overnight, says a senior official at a large Western bank in Seoul.
Still, the number of deals is growing by the day. On February 19, Samsung Heavy Industries simultaneously sold its excavator division to Sweden?s Volvo Construction Equipment and its forklift operation to the United States? Clark Martirial Handling. Earlier, the chemical giant Hanwha group sold two affiliates to its Japanese and German partners. Despite the slow start, no one doubts that the bargains at Korea Inc. are for real.
【2014年考研英语阅读新题型解析】相关文章:
★ 2013年6月英语六级考试快速阅读练习题(24)0222
最新
2016-10-18
2016-10-11
2016-10-11
2016-10-08
2016-09-30
2016-09-30