Financial Investigation On Merger & Acquisition For Enterprise Property Right In China

As an important exchange mode on enterprise property right capital, enterprises merger is the result of high development to market economy. By enterprises merger, the society's resource can be schemed over again, and production scale would be in size day by day, and enterprise can satisfy the need of capital increment in a larger range and on more reasonable base. At the same time, enterprises merger can also make some change on enterprises organization mode and property right relation.The M&A is still on its primary development phase, so as a whole, there is not enough standardization for the M&A. It is interfaced by many non economy factors, and the result of merger is not always in schedule. Financial transact and analysis on M&A is very important to scheme design and operation, so as to the result of merger. But financial transact and analysis on merger relatively lag behind in China. This state greatly effects the result of enterprises merger, and counteracts the exchange of property right. Therefore, it is very necessary to reinforce the financial analysis on modern enterprises merger recombination. The M&A has important meaning to modern enterprise system reform and make country owned enterprise bloom again.This paper is made up of 5 chapters. The first chapter introduces briefly the basic conception of merger and the cause of enterprises merger. The second chapter discusses the accounting disposal way on M&A inside and abroad; this chapter introduces the financial analysis method of enterprises merger in theory, and explains in class the 201 merger cases in recent years of listed company in China. This chapter also discusses respectively the financial design on merger recombination and capitalization again after merger. Being a complicated system of engineering, the financial design of merger and restructuring is a process of using the modern financial theories to plan the project, to choose the way of M&A and payment and to implement the financial restructuring and capitalization successfully. To capitalize again after merger is the act to evaluate again the access of the merged corporation and to recruit new stock after the merger deal is over.The third chapter I will make a special analysis and evaluation through the case of HENGTONG model - a way of stock transfer applied universally in the international capital market. The public companies could draw a lot of lessons for their stock transfer from HENGTONG model.The fourth and the fifth chapters evaluate the actuality of property right merger, and give a design to criterion standardize the development and consummation of property right merger in China.In a word, it is important to set up a good exterior condition for foundation and standardization of financial analysis and deal on property right merger. Only under the standard financial disposal, the property right recombination in our China can get a healthy and steady development.