Research On Merging Through Private Placement And Its Financial Effect Of Qtone Education

With the rapid development of economy and capital market in our country,the amount of listed companies merges unlisted companies through private placements have continuously increased.Gradually it has also become a crucial method to promote the progress of listed companies in our domestic areas.However,domestic and foreign researchers have seldom focused their attention on the problem about listed companies merging unlisted companies through private placements.In the mean time they almost use the empirical research to analyze this problem.Owing to the profound impact on listed companies merging unlisted companies through private placements is hard to fade away,so research on this problem is of great significance.Education has always been an important discussion point about national well-being and the people's livelihood,and education industry has also been an emerging market which has grown at a fast pace recently.With the rapid development of economy and technology,capital continuously matters in the education industry.M&A?SPC and investment presents different development trend.As a significant way of capital operation,Private Placements may play a crucial role in the rapid development of various kinds of corporations in education industry.Consequently the research of merges and acquisitions through private placement and its effect of related companies is of profound practical benefits.The article analyzes financial effect of Equity Private Placements Asset Injection imposed on Qtone Education through Literature Research method ?Case Study method and Event Study method.The whole content can be divided into five parts.The first part is prolegomenon which contains research background and meaning?research content and method ? domestic and foreign literature review and the innovation point of this article.The second part is the introduction of theories about merges and acquisitions and financial effect which contains the concrete introduction of that.The third part is the brief introduction of the case of Qtone Education merging unlisted companies through private placements.It mainly describes from different perspectives such as the concrete relation about stakeholders ?the basic information of Qtone Education and the companies being merged?the process and purpose of merging unlisted companies through private placements.The fourth part is the research of reasons that affects the effect of merging unlisted companies through private placements.Through digging out the actual reasons that hide behind this case,it can be better understood and provide wake-up call for other companies.And the last part is conclusion and concrete analysis.Through the research of whole case related conclusions have been finally delivered.And targeted suggestions about above problems have also been promoted for corporations in similar industry.Consequently the shortcomings of this article and future research possibilities have been concluded.