Analysis Of Serial M&As Performance Of Bohai Financial Holding Company

With the further development and improvement of China's capital market,mergers and acquisitions have been paid more and more attention.In this situation,a number of mergers and acquisitions behavior of Chinese companies gradually began to appear some new features,including the number of mergers and acquisitions of listed companies has increased significantly,which showed a certain continuity,Bohai holdings is a typical case of this kind of company.At the same time,the number of domestic financial leasing companies increased from 118 in 2008 to 7120 in 2016,although the market under the policy guidance to make a positive response,but with a sharp increase in the number of financial leasing companies,intense homogeneous competition,lack of innovation and hinder the company's long-term development problems have gradually emerged,the continued development of the leasing company in China has brought great challenges.Facing the situation of fierce competition in the leasing market,Bohai holding by way of mergers and acquisitions in the 5 years of the implementation of the 4 continuous mergers and acquisitions,its development has achieved the anticipated effect better.In this regard,as a case to study the continuous acquisition of Bohai's behaviorin this paper for five years,motivation,performance and risk make continuous acquisition of comprehensive analysis,I hope to be able to have a deeper understanding of the phenomenon of continuous mergers and acquisitions,to a certain inspiration and reference to give more means for the development of enterprises through mergers and acquisitions.In this regard,the Bohai financial holding continuous mergers and acquisitions acts as a case study,analysis it's motivation,performance and risk,In this paper,the whole process of continuous merger case describes the prominent reason analysis of Bohai holding continuous mergers and acquisitions,and make a reasonable assessment of its performance,and finally summarizes the risk control and how to avoid risk,then put forward valuable experience.Through analysis,this paper thinks Bohai holding belongs to the horizontal merger behavior,its causes include continuous mergers and acquisitions expand leasing business types,forming diversified leasing industry,to create a more professional rental platform,to find the quality standard of the company,realize the leap forward development of enterprises;the performance use the financial performance and market performance evaluation,showing better profitability and growth ability,the company's market performance showed a gradual upward trend;from the perspective of risk,the main risk of the Bohai financial holding,is aircraft leasing industry business cycle fluctuations,the generation of continuous acquisition payment and high debt to bring financial risk and enterprise the integration of risk.Through the analysis of successful cases about Bohai holding,the enlightenment is learn from the successful experience of Bohai holding,to achieve leapfrog development of enterprises by continuous acquisition,correct assessment the company's value,using reasonable payment means.Continuous mergers and acquisitions help the company to achieve the strategic goal as the criterion,not only pay attention to the short-term benefit and blindly implement continuous mergers and acquisitions,in addition,the post merger integration and related risk management also need a great deal of attention.