The Analysis Of Synergetic Effect Of Foreign Capital Controlling On Luyang Energy-saving Materials

With the economic globalization and rapid development of domestic economy,there are more and more cases of international industrial capital controlling A-share listed companies.Theoretically,when foreign capitals obtain absolute control of domestic listed companies,they will export highquality technology,management concepts and operational experiences to help these companies become bigger and stronger.Meanwhile,foreign capitals will acquire equity appreciation income.So at this stage,there is important practical significance to perform case studies on the impact of foreign ownership on listed companies.This paper takes Shandong Luyang Energy-saving Materials Co.,Ltd.,which is controlled by foreign capital,as the object of analysis.First of all,we will start with the motive of merger and acquisition to analyze the reason why Unifrax takes control of Luyang.Then,the synergetic effects from the M&A will be analyzed and evaluated from the perspectives of management,operation and finance.Furthermore,by comparing the changes of financial data before and after the takeover,the impact of foreign ownership and the synergetic effects on Luyang will be further illustrated.At the same time,the paper also analyzes the limitations brought by Unifrax to Luyang.In the end,the conclusion is drawn and suggestions are put forward for Luyang,similar manufacturing enterprises and investors.