Analysis The Directional Add-issuance Effect Of New Hop

After the implementation of split share structure reform,private placement has become a common way of refinancing for listed companies.The listed companies can supplement the capital,improve the financial situation of the company,optimize the capital structure of the company,and can also carry out the project financing and the merger and acquisition of other enterprises,thus speeding up the expansion of the company’s scale.It is precisely because of the role of the directional addition in the operation of the enterprise assets.In recent years,the cases of the listed companies have been increasing rapidly.The research on the problem of the directional increase effect has also become the focus of the scholars’ research.In this paper,based on the related theory of directional addition,this paper analyzes the cases of new hope six and Limited by Share Ltd’s implementation of directional issuance.The reason is that the new hope six and the larger scale of the listed companies in the agricultural and sideline industries in China are more frequent,and several directional additional issuance are based on this.The implementation of different motives and purposes.This paper excavates its motivation and implementation plan,and mainly studies the effect of new hope six and directional addition from four aspects,namely,capital structure,market reaction,financial risk and management situation.It brings some inspiration to this industry.In the analysis of the stock and capital structure of the company,it is found that the total capital amount of the company can be expanded rapidly by the directional addition,and the effect of regulating the capital structure is also obvious.In the analysis of the market response to the company’s directional addition,it is not only used to analyze the value of the market added value,but also combines the event research method to the company.The results of the shareholder wealth effect of the three directional additional issuance show that the market response of the company will be affected by the scheme,and the different use of the fund will bring different market reactions,such as the negative reaction of the market response of the additional mobile funds to supplement the liquidity,and to judge the orientation of the company.When the financial risk is added,it is found that the company’s financial leverage coefficient is relatively stable,and the effect of the directional addition to replenish the liquidity to reduce the financial risk is more obvious.In the light of the impact of the company’s directional Issuance Programme on the business,the income of the company’s specific business and the profit of the specific business are analyzed.It is found that the earnings ratio is basically in line with the expected effect of the company,but the profit of the specific business is more volatile.Therefore,this paper uses the operating leverage factor to further analyze the company’s operating risk and find out the reasons for the increase of the company’s operating risk after the directional increase.At the end of the article,we conclude the proposal for new hope six and company’s private placement through the above analysis.