Research On The Merger And Acquisition Programme Design And Implementation Of Huachang Antimony Industry Co.LTD

Corporate mergers and acquisitions is a modern and effective form of enterprise capital Management, it is the product of the modern economy,and is the most important form of optimal allocation of capital, also is a way to achieve enterprise development strategy. Corporate mergers and acquisitions is a kind of capital market transactions which is different from general merchandise transactions or funds call, its content, form, process are much more complex than the commodity market or capital market transactions. It is an economic activity with strong risk and the operation of artistry.This paper is divided into four parts; there is the definition of M&A and the aggregate of the type and procedures in the first part. Then I studied the motives and performance for M&A, and laid a good foundation for theoretical and practical study through the literature of the merger operation. The chapters II and III analyzed the value of M & A qualitative valuation according to the work of the acquisition process, industry environment, competitive situation and SWOT of Huachang Antimony, then made quantitative estimates of the value according to the acquisition target selection criteria and financial risk decision of Huachang Antimony industry, and made some related study on methods of payment. Chapter IV conducted in-depth discussions of the acquisition program and the implementation of various aspects of post-acquisition integration, the company fully revealed the acquisition of the entire process and the process should be brought to the attention of the Huachang Antimony industry merger made more in-depth study.Through the depth analysis about the case of private companies Hengsheng companies merger and reorganization the middle of state-owned enterprises Huachang Antimony industry, and detailed analysis of its acquisition program design and implementation, mergers and acquisitions and post-merger integration risk and improve monitoring, with a view to the future acquisition of domestic SMEs to be from the reorganization.