Research On Innovation And Framework Program Of GEM Companies In Mergers And Acquisitions

With the end of 2011 LISICHEN GEM companies to issue shares to buy assets through mergers and acquisitions Audit Committee, to mergers and acquisitions in advance of the GEM refinancing caused great concern in the market.12 years, GEM mergers and acquisitions to enter the high growth period, according to statistics, during 2012-2013, the GEM companies have an average of less than three days a total takeover announcement.In May 2014 the Commission released "IPO and listing on the GEM management approach" and the "GEM listed companies issuing securities Interim Measures." Especially the latter GEM refinancing release, it is the GEM merger climax.2014, China Securities Regulatory Commission approved a total of nearly 200 applications for merger and reorganization of the company, of which more than 30 Shanghai Stock Exchange main board-level home, over 150 in Shenzhen, Shanghai stock market fell by 3% the number of mergers and acquisitions, the number of mergers and acquisitions in Shenzhen rose 185% M & A reorganization of the GEM number has significantly increased, an increase of 190%.Thesis intends to GEM companies and other companies BlueFocus merger as a case, foreign experience GEM development, according to the current situation of Chinese GEM, GEM domestic mergers and acquisitions in the sort of innovation and research, and according to existing features of the GEM market development framework proposed merger and reorganization plan.GEM mergers and acquisitions will become the main force of China's capital market, future acquisitions, capital markets, China will also develop and produce perfect deep impact. To innovation-based M & A cases will continue to emerge, the paper proposed reorganization and acquisition of GEM framework program will have a positive meaning. GEM mergers and acquisitions while also facing the impact of domestic policies and regulations and the GEM market changes and other risks and problems GEM companies in mergers and acquisitions currently facing.