Research On The Financial Effect Of Yihua Healthcare Private Placement To Realize The Transformation Of Mergers And Acquisitions

Since 2006,the Securities Regulatory Commission launched since refinancing management approach "," private placement as a New Deal,with new attitude officially entered people's field of vision,introduction and distribution after the condition is limited,facilitate censorship,makes the choice for private and refinancing of listed companies possible.Far more available than public.Regulation of the real estate industry remains tough,but the healthcare industry has been making better decisions.Many real estate industries are also beginning to expand the business opportunities in the medical and health fields.Most of them achieve cross-industry development through mergers and acquisitions.This paper selects Yihua Real Estate,the first real estate listed company in eastern Guangdong province,for case analysis.The company's primary business was real estate.Rely on the real estate industry still strict regulation policy over the past few years,but the health care industry in the aspect of policy is always a good strategy background,it is through the form of private equity merger and acquisition,cross-industry development in health care,pension and other industries to step all the way,fully into the health care industry.In this paper,according to long-term financial performance analysis and research,short-term market reaction research evolution healthy private business transformation of m&a cases,at the same time,using literature research,case analysis and the method of event study method.First of all,the background and significance of this paper are described,literature review is introduced,and relevant theories are introduced.Then focus on the case company and the case process,then analyze its financial performance and short-term market reaction,and finally summarize the current positioning.This paper puts forward the influence of additional m&a on the effect of Yihua Healthcare financial effect,and puts forward corresponding Suggestions.Finally,through the study of the system analysis of this paper,we have reached the following conclusion: Yihua Healthcare's targeted private placement has brought about a better positive reaction to the company's short-term market response through mergers and acquisitions transformation.,can quickly improve market performance.Financial performance indicators have also improved somewhat,and overall positive factors remain.However,from the experience and lessons of the whole growth process of Yihua Healthcare,we still put forward corresponding Suggestions for listed companies dealing with similar businesses in the future:(1)Ensure that the ownership in the merger and acquisition is clear;(2)Ensure that the assets acquired through private equity and acquisition are a high-quality asset;(3)Ensure the scientific and efficient operation of targeted private placement and acquisition programs;(4)Ensure all assets are optimized,integrated and standardized after the merger.Finally,it is hoped that through the analysis of the case,it will provide theoretical and practical reference for the future development of Yihua Healthcare and the m&a of Real estate industry to the medical industry.