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"Public Company + PE" M&A Fund To Promote The Cross-border Operation Of Zhongnan Heavy Industry Case Analysis

Posted on:2019-03-02Degree:MasterType:Thesis
Country:ChinaCandidate:X X ZhangFull Text:PDF
GTID:2382330548970145Subject:Master of Applied Economics and Finance
Abstract/Summary:PDF Full Text Request
"Listed Company + PE" M & A Fund has been widely used in the current M & A market in China and has been developing rapidly in recent years.Therefore,I took Zhongnan Heavy Industry and China Zhizhi Capital to set up a cultural industry merger and acquisition fund to conduct cross-border operations as a case.I analyzed the organizational structure of the "listed company + PE" merger and acquisition fund and deeply analyzed the "listed company + PE" merger and acquisition established by Zhongnan Heavy Industry.The strategic value of the fund measures both the short-term and long-term effects of its mergers and acquisitions.This article uses financial analysis method,event research method and factor analysis method to start from the effect of "listed company + PE" merger and acquisition fund.On the one hand,the effect produced on the strategic value level is that the establishment of this merger and acquisition fund can help Zhongnan Heavy Industry in the capital market.It exerts its own advantages,generates economies of scale and effectively allocates resources;on the other hand,it measures its performance in terms of performance measurement,including short-term performance and longterm performance.It analyzes short-term solvency financial indicators,stock prices and turnover,and finds that The establishment of the fund can improve the company’s solvency,share price,and turnover in the short term,creating a short-term effect to enhance the company’s financial ability and valuation,and significantly improving the company’s financial performance and overall operating conditions after the establishment of an industrial mergers and acquisitions fund.The improvement has a long-term effect.This article believes that the establishment of an industry merger and acquisition fund for cross-border operations by Zhongnan Heavy Industry will have the effect of boosting its development both in the short and long term.The industrial M&A fund should be deployed in emerging industries,specify the investment direction and a reasonable duration of the fund,and must strengthen the defense.To reduce the risk of doublelevel entrusted agency and continuously optimize the governance structure of the industry’s merger and acquisition fund.
Keywords/Search Tags:"Listed Company + PE" M & A Fund, Strategic value, Short-term performance, Long-term performance
PDF Full Text Request
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