Value Evaluation And Decision Analysis On Air International SH Co.,Ltd. Merge&Acquire Liaoning Xindian

Since graduation, author involved in finance and investment feasibility study work, being interested in M&A financial motive and feasibility study decision. Especially during MBA study in North East University, I learned many related theories of Finance Management, Marketing and Enterprise Strategy, which build theoretical basis. Simultaneously, I myself work through some M&A cases.In the following article,based on current M&A theories conception and target enterprise valuation,plus feasibility study,I discussed one current M&A case that I am working on.AISH,Liaoning XinDian are both HVAC&PTC system suppliers of Brilliance Jinbei Liaoning XinDian has upper enterprise character of HVAC&PTC suppliers, also gain new business that AISH doesn’t own.Based on all aspects, ASIH shareholders is considering M&A Liaoning XinDian.There are5Chapters in the Thesis.Firstly, introduction of the Thesis study background,meaning, method, M&A theories,the content&limitation;Secondly,briefly introduce M&A category&motivation.At the same time, briefly introduce target enterprise valuation methods and cash resources for M&A.The third Chapter mainly introduce Air International (brief as AISH), target enterprise&target enterprise customer.including their market.Also evaluate target enterprise value.The forth Chapter mainly introduce M&A decision study. From various aspects, make feasibility study and draw the positive conclusion. Also the Chapter study M&A strategy and payment for M&A. The fifth Chapter,for potential issues which may occur during AISH merge and acquire Liaoning Xindian, raise thinking and proposal.