| With the birth of various new applications,especially the rapid promotion of new energy vehicles,the global demand for lithium resources has increased rapidly,which brings out golden development opportunities for leading enterprises in the industry.This paper takes Jiangxi Ganfeng Lithium Co.,Ltd.(hereinafter referred to as "Ganfeng Lithium"),a privately owned listed company in China,as the analysis object.The company is the leading lithium processing enterprise in China.Based on the long-term prospects of lithium industry and motivation to avoid the influence of raw materials on the expansion of the company,Ganfeng Lithium chose to acquire upstream lithium resources in 2015 to achieve the integration of upstream and downstream industries.This paper firstly analyzes the external environment and the company’s own situation to figure out the motivation of the company’s acquisition of lithium resources.Then we analyze the mode that the company grasps the upstream lithium resources by participating in the stock market and signing the underwriting agreement.Furthermore,the performance and potential risks of the acquisition brought about by the mode are analyzed in depth.In the end,this paper summarizes and proves the M&A mode,performance and risk,and puts forward some suggestions for Ganfeng Lithium and some other related enterprises. |
PDF Full Text Request