The Selection Of The Tiansheng New Material Mergers And Acquisitions Xinguang Environmental

With the vigorous development of China's economy,the competition among all walks of life has become more and more fierce.In order to get development in the fierce competition,many enterprises join in mergers and acquisitions,trying to improve their level of competition through mergers and acquisitions,promote the development of the company,the high and new technology enterprise is no exception.As an important force to promote the growth of our economy,high-tech enterprises in the industrial production rising proportion,has a good potential for development,but they also faced with small scale,single business,risk is high.Therefore,M&A has become a favorable way for new material industry to optimize their industrial structure,enhance their own risk tolerance and promote the development of enterprises.M&A payment option is an important influencing factor that the merger and acquisition can be completed smoothly.The paper takes the tiansheng new material in high and new technology enterprise mergers and acquisitions xinguang environmental cases as the research object,the selection of payment method in the process of mergers and acquisitions and mergers effect were analyzed.It is hoped that the new material manufacturer in the gem can provide reference for selecting the mode of payment.Based on the relevant theories of M&A payment method on the basis of combing,on both sides of M&A and the dynamics of mergers and acquisitions and mergers and acquisitions process are introduced,and then starting from the motive of mergers and acquisitions,through the analysis of the influencing factors of M&A payment method,combined with the financial situation of the enterprise itself,equity structure and financing ability acquisition payment analysis and comparison of different,Finally,the implementation effect of "cash and stock" mixed payment method adopted by tiansheng new material is analyzed.By analyzing the case of tiansheng new material acquisition xinguang environmental,It is found that tiansheng new material will be affected by many factors such as the purpose of merger and acquisition,acquisition cost,financial situation,equity structure and financing capacity in the selection of payment mode.And the company faces different risks in the choice of different payment methods in merger and acquisition.Based on the company's mergers and acquisitions,after comparing different payment methods combined with a variety of influenceing factors,it found that the "cash and stock" mixed payment method Tiansheng new material choosed is a better payment of mergers and acquisitions,so in mergers and acquisitions as far as possible choose diversification M&A payment method,because that it can not only absorb the advantages of a variety of single payment methods,but also avoid the disadvantages of single payment method and spread risks.