Shandong Ruyi Technology Group Restructuring Yinghua Textile Group Buys Process Research

This paper combines theoretical research on M&A, Shandong RuyiTechnology Group Limited, acquisition and reorganization of Shandong cherryTextile Group Limited company this one case investigation. The combination of bothenterprise survey and the merger and reorganization of the background analysis,discusses the equity merger, acquisition of assets and debt acquisition mode choice,on the reorganization and merger transition, implementation and preparation, such asasset restructuring process and stages are analyzed, and the subsequent problems needto be solved are discussed.Through investigating discovery, buy recombine implementation stakeholderswin-win: help enterprises out of bankruptcy, the further integration of thereorganization of the enterprise industry chain base, effectively resolve the regionalfinancial risks, promote social harmony and stability. The research for themacroeconomic cyclical textile industry to carry out merger and reorganization has acertain referential significance. And this is an important achievement, cannot leaveenterprise both in product chain of complementary and effective integration,inseparable from the local banking financial institutions in financing support, alsocannot leave the local government in the relevant preferential policy, especially insolving the cherry debt key question, take correct, comprehensive coping strategies,to attract investment capital," retreat a city to enter garden", financing channels,formed enterprise, bank, government resolve various good situation, ensure thatenterprises survive the debt crisis, in a successful asset size, product structure on thebasis of the restructuring, realize the enterprise production and management activitiessteady development. The successful restructuring of shows in the textile industry inurgent need undertakes new conformity, the whole textile industry resource redeployment, and M&A activity can be regarded as effective ways to expand thetextile industry of our country, to create a favorable legal environment, systemenvironment and each coordination mechanism is very important. Investigation of theenlightenment mainly:Revelation one: enterprise merger and reorganization is an important means of theadjustment of industrial structure. With the merger and reorganization of enterprises,promote the necessary to reach the scale of economy, implementation industrystructural adjustment and upgrade, develop with the core competitiveness ofenterprises, the textile industry is the key to future development.Revelation two: Government in strategic industry should play a major role inmerger and acquisition. The government should fully realize the pillar industries ofstrategic importance and the necessity of the reorganization of the enterprise, takeeffective measures to guide strategic industry merger and reorganization andupgrading.Revelation three: M&A activity is inseparable from the financial sector to activelyparticipate in and financing services. To further widen the merger and reorganizationof the financial sector in the indirect financing channels, the market-orientedapproach to promote industrial upgrading and industry integration.Revelation four: government to support industry merger and reorganization shouldrespect the laws of the market. Government support the industry recombines shouldtake the market rule based, adhere to the " strategy, benefit coordination, risk," fourbig market principles.