In
the Old Economy, the prime focus and main reason for M&A was to combine assets
which would achieve a scale merit and enhanced productivity through increased
productive facilities and cutting down fixed costs, resulting in easier financing
from capital markets. However, in reality, it has become more apparent that
increasing tangible assets have led to increased capital costs, resulting in
heavy decline of corporate value. The M&A required in the New Economy Era should
be recognized as 'Strategic Value Integration'. This integration of not only
tangibles but also intangibles, such as corporate brands, patents, and human
resources does not appear on a balance sheet, but require continuous corporate
evaluation and review of the strategic business portfolio. Prominent speakers
invited to this conference will focus on how M&A can directly influence and
increase corporate value by integrating intangible values.
Don't miss what should be a lively and unique M&A discussion!