Analysis on the main causes of LED lighting enterprises' mergers and acquisitions

by:ALLTOP      2020-02-23
As of August 22, there were 2719 mergers and acquisitions of listed companies in 2014, of which 1493 were completed, 1164 were in progress, and 62 were announced to be terminated. It is worth noting that 1161 mergers and acquisitions were announced for the first time in 2014 and 21 were terminated. For the various mysteries behind the merger and acquisition, you can find clues through the announcement of the listed company. The success of the merger is a joy. M & A, an extension expansion method, is becoming one of the commonly used means for listed companies to expand their asset scale and enhance their competitiveness. Through mergers and acquisitions, the enterprise realizes expansion, or integration of upstream and downstream, diversified development, or entering new business areas, forming merger and acquisition effects and business synergy, realize further exploration of financial value and business value. Because of this, the mergers and acquisitions of listed companies have been interpreted brilliantly. But unfortunately, the vast majority of mergers and acquisitions can not operate properly. As someone said, the seemingly cautious mergers and acquisitions make people feel weak in succession. In addition to the failure, the acquired companies have been abandoned and some have been mediocre. And some acquisitions themselves seem to be just a little news bubble created to stimulate stock prices. The data shows that for projects that merge, merge or both, the probability of final failure will be about 40-Between 80. This means that compared with the initial strategic objectives, the vast majority of mergers and acquisitions will be a failed project. We have seen that more than half of all mergers and acquisitions have failed, including the value of integration brought about by business integration. Li Zhaohui, deputy general manager of Tencent's investment and M & A department, said that M & A is a highly market-oriented behavior. Therefore, when everyone participates, it is likely to be a result of failure to prepare enough for risks, this has been proved by the market. It is impossible to buy insurance in one way or another. Of course, the data Li Zhaohui said includes the entire merger and acquisition from the beginning of the merger to the successful completion of the merger and acquisition. At this time, a merger and acquisition event is more like a game of interest in the game, the scene is cruel and fierce. The failure of mergers and acquisitions has more or less unspeakable pain for both parties. Chang Jun, chairman of Fengbo Investment, said that the failure of mergers and acquisitions will directly bring sharp fluctuations in stock prices to the listed companies of the purchasers in the short term; In the long run, it will have a certain impact on the company's overall strategic layout. For the seller, the impact is often more serious, because the acquirer is often due to cash flow problems, or operational difficulties, will seek to be merged. Industry insiders told a case he had recently experienced. This is an environmental protection project, which is expected to be acquired by listed companies. An agreement was signed on January 2014 to complete the merger by June 30. Everything went smoothly. In March, the listed company changed the legal representative of the target company, and the finance and administration were supervised by both parties. The listed company began to adjust the target company. As a result, it is clearly a paper agreement that has been written in black and white, and the listed company said that it will not do it. Perhaps listed companies have found some new problems that cannot be tolerated, or changes have taken place within listed companies, and it is possible to find out some problems of the target companies as rhetoric. Chang Jun analysis. As far as the above-mentioned case enterprises are concerned, the major injuries caused by the failure of mergers and acquisitions are the parties to be merged, even fatal. During this period, the target enterprise needs additional funds in the course of operation, but the financial supervision and the change of legal representative directly affect the normal operation of the enterprise. In addition, the old injury has not recovered and added new injuries. The listed company also made an entrusted loan of 20 million yuan to the target enterprise to pledge part of the equity of the major shareholder of the target enterprise. Now the two sides have not completed the merger and acquisition as scheduled, and there are differences between the two sides on the repayment of this debt, which may be in dispute. Chang Jun said that the company's industry prospects are very good, but its customer payment conditions are poor, resulting in problems in corporate cash flow. In the past six months, mergers and acquisitions have failed, and no way has been found. Until now, I am still eager to find the acquirer. Today, with the surge in the number of mergers and acquisitions of listed companies, the number of direct failures in restructuring has increased significantly. According to statistics, as of August 22, there were 2719 mergers and acquisitions of listed companies in 2014, of which 1493 were completed, 1164 were in progress, and 62 were announced to be terminated. It is worth noting that 1161 mergers and acquisitions were announced for the first time in 2014 and 21 were terminated. However, the reasons for terminating mergers and acquisitions have always been vague. Some people have admitted that there are very few people who can understand the mysteries behind the words of mergers and acquisitions. The lessons of the past, the teacher of the future, we try to find clues through the announcement of listed companies. 12345
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