Strategy & circle of competence
Why act—and which deals should not be done
BOOK 02 / M&A PRACTICE
China M&A Guide: pitfalls and execution from the buyer's perspective
Written by Howard Hou and Liu Dan and published by Law Press China. It connects investment, financing, execution and post-deal management in the real Chinese M&A environment, combining structure with the friction of cases.
WHY THIS BOOK
M&A is not an isolated transaction, but a complete capability chain
Advisers often divide M&A materials by discipline, while the buyer must hold strategy, industry, finance, law, funding, transaction and integration in one judgment. Tools do not replace decisions; they reduce critical omissions.
READING MAP
A full landscape leading into the nodes where deals fail
Diligence & fact tracing
Return from surface materials to business, assets and cash flow
Valuation & funding
How price, tenor and capital structure constrain one another
Transaction structure
Terms allocate risk but cannot repair bad judgment
Closing & governance
The responsibility actually assumed with control
Integration
Turning promised synergy into capability and outcomes
PUBLIC SOURCES
Author introduction and recommendation↗Reader review↗Industry review↗