并购的本质是投资,并购过程的本质是交易不恰当的融资安排通常伴随着巨大的风险。四川的麦格医药在短短几年的时间里,通过对外斥资收购,总资产由几千万达到了10亿的量级,其分支机构几乎覆盖了整个西南地区,这种扩张速度是非常惊人的,也是大大超乎常规的。 The essence of M & A is investment. The essence of the M & A process is that the improper trading of financing arrangements is usually accompanied by huge risks. In just a few years, Magel Pharmaceuticals in Sichuan, through its foreign investment and acquisitions, made its total assets reach tens of billions of dollars from tens of millions of its subsidiaries, covering almost the entire southwest of China. The expansion rate is very alarming It is also far beyond the conventional.