Merger Scheme Design In Huangfu Coal Group

Since2012, the international and domestic economic problems of long-term weakness,lower demand for coal industry, low-priced imports of coal and the new mine capacity releaseimpact the market demand, the domestic coal market pile up in excess of requirement, socialinventory highs, coal prices sharply, intensified competition in coal industry, the majority ofenterprises operating difficulties, the coal enterprises to extend the downstream industry chain,to expand the scale of withstand market risk consciousness is more and more intense,intensive development become an industry consensus. The common difficulties of nationalcoal enterprises have also been deeply reflected in Huangfu coal group development difficult.In the coal industry group is located in the southwest of Erdos basin, is the main coalproduction and marketing enterprises thirteen national coal production base in one of the largeyellow long mining area, not only by the common effect of industry development, andrestricted areas and the objective conditions of the enterprise, with the support of policyguidance, business development intensive development to change in coal to mergerrecombination method; in addition, the merger and reorganization of enterprises is the majorbusiness issues related to enterprise management, multi disciplines, merger and reorganizationscheme design flexible, diverse measures, is a complex and risky work. So, in order toHuangfu coal group as the main body, on the M& a mode to achieve intensivedevelopment, and proposed specific restructuring plan is very necessaryThis paper reviews the research status of M& A at home and abroad, this papersummarizes the concept, merger and reorganization merger and reorganization and introducesthe related theoretical evaluation. Methods the integrated use of management, analyzes in thecoal industry group industry environment and business situation, find out the reasons of theproblems and influence in the management of sustainable development. Based on the analysis of Huang Fu coal group, through qualitative analysis and policy study, put forward in the coalindustry group to extend the industrial chain to merger and reorganization, to achieveintensive development is feasible. With the results of the analysis of target enterprise, acomprehensive understanding of the due diligence and the target of enterprise production andmanagement, equity participation and other conditions, judging from the aspects of policy,risk, M& A after the advantages and the success of M& A enterprises case, isfeasible in Coal Group merger Minghua power, combining the two situation design ofconcrete merger and reorganization plan. Finally, the method of calculating coal price changesafter M& M& a plan that is successful. The paper out in Coal Group feasible M& A by study design, aims to promote the enterprises to improve the quality andefficiency, and realize the sustainable development.