A Case Study On JF Corporation Mergers And Acquisitions G Corporation

With the rise of emerging economies represented by China,the trend of global economic integration is becoming more and more obvious.In order to gain new market share,various high-quality resources and technologies,and create new profit growth points,domestic enterprises have set their sights on overseas markets.Through the merger and acquisition of overseas companies,enterprises can complete the overseas market layout in a relatively short time and obtain the first-mover advantage.However,mergers and acquisitions are risky,and changes in the design of mergers and acquisitions,financing methods,risk management and other aspects of enterprises will have an impact on the final results of mergers and acquisitions.JF corporation as a domestic auto industry well-known enterprises,segment through capital operation,well received wide international reputable auto parts industry leading enterprises segment G control of the company,has become the international auto parts new segmentation industry leading enterprises,has become a wave of cross-border mergers and acquisitions of domestic enterprises and a "snake swallow like" type of successful cases.Firstly;this paper introduces the theories of merger and acquisition cases.Secondly,the company,the industry,the process and the plan of both parties are reviewed.Then,the reasons,process,benefits and risks of m&a cases are analyzed.Finally,the paper puts forward the enlightenment of the successful m&a case.Through the case study of JF company's merger with G company,the following conclusions are drawn:first,the design of multi-tier financing structure is conducive to the optimization of capital structure,so as to reduce the acquisition risk;Second,the use of offshore company registration place loose financial policy and applicable scope,can help enterprises break through investment barriers,reduce foreign exchange control restrictions;Thirdly,the supportive policies of the regional government can promote the enterprises with good operating conditions and carry out mergers and acquisitions.Fourth,the issuance of convertible bonds can not only be used to replenish the liquidity of enterprises,but also to introduce external investors to solve the internal control struggle of enterprises.