The Case Analysis On The Reverse Merge In Television Industry

In recent years,in the field of culture media,the country's reform efforts continue to increase,the related measures more clear and specific,greatly promoted the development of the cultural industry,promote the relevant cultural cooperation finance.With the introduction of a series of laws and regulations in 2014,dividend policy will be more clear cultural,cultural consumption prospects are very broad,the cultural industry will usher in a golden period.From the long-term perspective,the film and television media industry relative to traditional industries,strong profitability,high growth,broad prospects.From the industry development cycle,the film and television media industry is still in the expansion period and growth period,will continue to maintain rapid growth,the investment rate of return.From the point of view of international experience,in order to cross the "middle income trap",South Korea,vigorously develop the cultural and creative industries,to establish a "national culture," the national policy.The national government promulgated specific laws and regulations,formulate specific implementation plan,a clear development goals,promote the development of Korean culture and creative industries,also provides assistance to South Korea across the middle income trap,is of great significance to our country.Reverse merge can not only make the cultural enterprises optimize the allocation of resources,accelerate the strategic adjustment of the pace of business,but also can solve the shortage of funds and enterprises in the development process of a series of problems,at the same time,also provides an enable enterprises to achieve fast channel to accelerate the expansion of the capital.However,at present,the SFC will reverse merge of the threshold to near IPO standards,increasing the difficulty of reverse merge of enterprises,reverse merge failure cases are also increasing.In addition,even if the backdoor success,it was left behind by the backdoor business or liabilities and financial black hole and other issues,but also a huge risk.Therefore,how to regulate the operation and realize "reverse merge" is a challenge for all the film and television non-listed company.In the case of Huan Rui Century reverse merge,first introduced the parties to the transaction and Huan Rui Century stellar joint basic situation and the transaction motive,listing Huan Rui Century,the contents of the program of reverse merge,analysis of the characteristics and methods of capital operation.Then through the analysis of the effect of Huan Rui Century reverse merge,comparative analysis before and after the financial situation and management performance evaluation,the reverse merge of financial effect and synergy effect,the implementation of test cases and complete effect,finally to analyze the regulatory environment in today's increasingly stringent conditions,compared with the same industry.Other enterprises backdoor failure,it backdoor successful experience: backdoor follow the compliance and the transaction design fair pricing,excellent historical performance and robust performance and corporate commitment reasonable future business plan.This can provide guidance and experience for the reverse merge of latecomers.And in the face of how to cross the "middle-income trap" in this environment,the film and television industry will be how to develop the cultural industry to provide substantive data and opinions.