Research On Financial Performance Of ZSGL Stock Exchange Absorption And Merger Of HBGS

In western countries,there have been six merger and acquisition booms,the history of China's mergers and acquisitions is only a few decades,but in recent years,with the continuous introduction of policy regulations,the merger and acquisition market has gradually been standardized and active.China's economic development is extremely fast,and enterprises continue to choose mergers and acquisitions to expand capital,enhance their own strength,and enter the international competitive market for greater development."Strong alliance" is the first choice for enterprises because of facing fierce international market competition,More intense,the merger of share swaps can alleviate the pressure of cash payment,bear less risk,and can also enjoy tax incentives and a more relaxed listing review,which has become the choice of many companies.For state-owned enterprises,the state pays more attention to their diversified development.The State Council or local SASAC has also issued corresponding policies to support the integration of resources within the group.This article selects the ZSGL as a research object by implementing the vertical extension of the industrial chain and introducing strategic investors,and then the merger and absorption of the HBGS as the research object.The case study method and the comparative analysis method are used to study the state-owned enterprise investment highway conversion.The impact of stock absorption and merger on financial performance.First of all,this article elaborates on the background of topic selection,the related concepts of merger and absorption,and briefly introduces the basic theory of this article.Secondly,this article gives a detailed introduction from the background of the case company,the industrial structure and industry background of ZSGL,and makes an in-depth analysis of the case of the specific implementation process of the Merger Highway Merger Program.Thirdly,this article analyzes the impact of the merger and acquisition on the ZSGL from the aspects of the merger and acquisition options and financial performance,and also introduces a comparison company for comparison to clarify the relationship between the merger and absorption and the impact on corporate performance.Through the above analysis,this article finds that the implementation of share reforms and mergers and acquisitions on ZSGL has the effect of improving financial performance;in addition,the mergers and acquisitions and mergers also have an effect on the overall value of the enterprise.Finally,from the aspects of enterprise shareholding system reform and merger and absorption merger,we analyzed the experience of ZSGL and merger and absorption merger,and gave optimization suggestions and countermeasures from the aspects of cooperation with strategic investors and the development of intelligent transportation ecosystem.The restructuring and listing of state-owned enterprises has certain reference significance and guiding value.