Research On Cross-Border M&A And Reorganization Of Listed Companies

Mergers and acquisitions arising from the intention is to make the structure of the economy and industry more reasonable and efficient.However,due to the development of capital market restrictions,investor profitability,policy lag and other reasons,mergers and acquisitions did not achieve the best results,in practice also produced a lot of problems to be solved.King Fida cross-border mergers and acquisitions Aojia case,the market is very representative of the M&A behavior.The transaction "cross-border" and "to circumvent the backdoor listing" of the two characteristics,has been the focus of M&A market.It is helpful to understand the background,motivation,scheme and characteristics of M&A cross-border M&A,which is helpful to understand the process of M&A and the problems in M&A market.In the light of the case study,it is helpful to understand the direction of the future development of M&A after comparing the reorganization management method before and after the revision.Moreover,the development of mergers and acquisitions market,but also guide the development of policies and regulations.In addition,mergers and acquisitions in China's micro-economic and macro-areas will play an important role.It can be said that M&A issues will be a valuable research topic for China's capital market and even China's economic development.This paper uses the literature research and case study and other research methods,combining theory and practice,from a number of angles on the relevant concepts of mergers and acquisitions,the main models,policies and regulations were introduced,a comprehensive analysis of the cross-Good process of the problem,focusing on the market in the high premium,related party transactions,means of payment,performance compensation and other issues.Further clarify the differences between the backdoor listing and M&A,reveal the ways to circumvent the backdoor listing,construct the framework of the M&A policy revision process,and analyze the differences between the rules and the M&A development.Finally,according to the case of Kingfield's cross-border mergers and acquisitions,the paper puts forward some effective suggestions on the development of capital market and the regulation of M&A and reorganization of listed companies,and provides reference for other listed companies in M&A.