The Mergers And Acquisition Strategy Analysis Of Sichuan New Hope Agribusiness CO.LTD In Milk Industry

With the development of current global economy, the waves of mergers and acquisition surge more and more extensively and intensely. Their frequency and scale are seen as the ever biggest in the history of modern economic development. Mergers and acquisition are also the phenomena frequently taking place in China's capital market. They have become the bright stars shining in the global economic field. Based on the author's practical experience in capital management in SICHUAN NEW HOPE AGRIBUSINESS CO.LTD and reviews of the development path of mergers and acquisition and their booming up in China, the thesis provides a thoroughly investigation of the motivation in mergers and acquisition between enterprises, and offers elaboration for them with the capital operation of SICHUAN NEW HOPE AGRIBUSINESS CO.LTD as examples.It focus particularly on operation procdures of the mergers andacquisition by SICHUAN NEW HOPE AGRIBUSINESS CO.LTD. In order to make the theory of mergers and acquisition practical and more easily manipulated, real cases, either having been operated by the author himself or the typical cases taking place in economic circles, are borrowed in the analysis of every procedure. Based on the author's working experience, some new points on acquistion are proposed such as investigating the target enterprises and anticipating the sales motivation of the target enterprise, designing the synthetic security payment as a payment pattern, designing and analyzing the some Group Co. aquistion schemes of a listed company, etc. In a word, all these analysis is very helpful and beneficial for the real operation of merges and acquisition. Finally, the thesis specically analyzes the capital loss of state-owned enterprises in China. It points out the problems existing in the mergers and acquistion of state-owned enterprises and the reasons for them. It particulally analyzes the undergroud act such as transferring equity to elude supervision which may cause the capital loss of state-owned enterprises, and the other abnormal phenomena. Meanwhile the thesis also sugest the possible measures to prevent the underground act.