Study Of YuRun’s M&A Financing

Recently, there’re more and more Chinese companies start to participate into M&A activities, according to the influence of international financial crisis and Chinese industrial consolidation policy. Alonging with the development of Chinese industrial consolidation, some financially sound Chinese private companies begin to search for larger development space in cross-border M&A market, and the cash payment of Chinese companies’M&A becomes larger and larger every year. However, over imagined M&A payment and the LEADING GENERAL PORVISIONS OF PEOPLE’S BANK OF CHINA are conflicted each other so much, that honors financing distress the power to kill small company’s development desire.By studying the way of YuRun’s equity financing, this dissertation shows you a brand new financing method in the stock market, in case you’re in a trouble of M&A financing right now.In order to show you the operation detail of YuRun’s equity financing process clearly, the author studied IPO phase and SEO phase separately. And the paper also shows you how fantastic the way of YuRun’s M&A financing by introducing its reward structure and negative goodwill cashing operation. At last, to keep the financing study entirely, this paper provides a financing method that has been used in YuRun’s SEO phase which is called’Share Options’ for your reference, based on the YuRun’s M&A refinancing method study.