The Research Of Reverse Merger Risk Control Of ML Company

With the continuous increase of the growing awareness of corporate financing, financing needs, reverse merger as an indirect means of financing is widely used in our country's capital market, become a relatively quick and effective financing way. And in meeting it brings all sorts of good before, the enterprise must face this process to hide a lot of risk. How to strengthen risk control and prevention is the key to the success of reverse merger and acquisition, and it is also an urgent problem to be solved at present. But the reverse merger and acquisition risk control research does not see more, attention crashed IPO high frequency and is often subject to credit approval limits of the garment industry of is very few. This article on the A share market in recent years, the first one is the only successful reverse mergers and acquisitions to achieve listed clothing enterprises-the home of the sea, the risk control aspects of the discussion.In 2012 the national development and Reform Commission promulgated "textile industry" Twelfth Five Year "development plan", put forward to strengthen the sales network construction, scientific planning and design, sales channels, vigorously develop the brand chain stores, electronic commerce conforms to the development trend of modern circulation of new terminal mode, and to encourage and promote merger and reorganization of enterprises, improve the textile and clothing industry concentration. ML House is an excellent enterprise in the clothing industry, but also one of the best companies in X scale efficiency, it has the strength and demand for reverse mergers and acquisitions. This paper studied ML house successfully reverse mergers and acquisitions NF Technology of typical cases, the reverse merger points for the formulation of strategic mergers and acquisitions, select the shell companies, M & A transactions and asset restructuring of four stages, and makes a detailed analysis of risk for each stage of the point. M & A strategy to develop stage, the enterprise should be clear macroeconomic policy conditions, in line with their own strategic planning under the premise of the backdoor ready. Shell selection stage, the company should be with the strength of the local government and the local government, the selection of the most suitable for their shell companies, try to achieve a win-win situation and to avoid the problem of independence. In the implementation phase of M & A transactions, enterprises grasp the opportunity to enter the market, the design of reasonable trading terms is particularly important. The restructuring phase, the enterprise should pay attention to the integration process of management and personnel changes in the risk point.This article through this case, summed up the ML house of the reverse merger of the relevant experience. Enterprise in the process of reorganization of assets, to take the enterprise strategy as guidance on reverse mergers and acquisitions, reasonably determine the reverse merger target, analysis of opportunities and challenges, the restructuring plan optimization design, do mergers and acquisitions integration and restructuring and play the guiding role of the government. The "ML model" of the assets reorganization hopes to have certain guiding value to the reverse merger and acquisition of Chinese garment enterprises in the future.