Research On The Motivation And Economic Consequences Of The Introduction Of Private Equity Investors By Private Placement

In recent years,sine the development of the securities market in China China's securities market development,the listed companies can use rights,the rights issue,the convertible bond and so on many kinds of ways to refinance.With the smooth completion of reform of non-tradable shares,the stock market has been further development and perfection,to consider the development of this way of equity refinancing laid the important foundation.After the split share structure reform,the operating process of private placement is becoming more simple and lower barriers to entry,so it is widely recognized by the market and becoming the main refinance mode of China's capital market.Can this mode of equity refinancing not only to meet the demand of the company's capital,but also realize asset injection,assets reorganization and the introduction of domestic and overseas investors,etc.With the development of equity division reform,introducing foreign strategicinvestors is becoming animportant action of development to listed companies.Foreign investors began to equity investment of enterprises of our country.At first,they focus on the banking industry in our country,several well-known banks has successively introduced foreign strategic investors.Along with our country listed companies consider the introduction of foreign investors continue to increase,the discussion on this topic is increasing.What is the purpose of the introduction of foreign investors? Can Foreign strategic investors really improve the operating performance of listed companies? Can Foreign strategic investors improve the level of operations management? Based on the research background,I will be in the form of case analysis,to Yunnan yuntianhua company to Israel ICL group affiliated parties in the non-public company stock in Shanghai as an example,to fully explore the sky of the introduction of overseas strategic investors to consider specific motivation and economic consequences.I want to provide certain reference and basis for the private listed companies in China.Firstly,this article expounds the directional issuance,overseas strategic investors about the related theoretical analysis,secondly,this article introduced the case ofYunnan yuntinahua.On this basis,this article deeply analyzed the orientation before the issuance of operating and financial conditions,development strategy,summed up the the introduction of foreign strategic investors to participate in the purchase of motivation.Finally from the corporate governance structure,operation and management,and to the company's financial performance to analyze the influence of the introduction of overseas strategic investors to consider the economic consequences to the company.Finally,it is concluded that the research conclusion of this article,the purchase of listed companies to introduce foreign strategic investors should have a clear development strategy and combine the development strategy and the company's financial strategy consideration,is expected to reach the purpose of the company,is beneficial to the company's long-term development.According to the conclusions for other listed companies consider behavior put forward the Suggestions and comments.