Research On The Motivation And Performance Of Hyunion Holding M&A Union Mobile Finacial Technology

Although the growth rate of M&A activities in the capital market has slowed down,it has maintained a high level of activity.Acquisition activities based on strategic layout and industry consolidation are still frequent.M&A and restructuring activities,as an important way for the capital market to support the development of the real economy,are still worthy of attention.Many listed companies in China that operate traditional businesses are based on their own advantages and status quo,break through the conventions of mergers and acquisitions in the same industry,and use assets to reorganize and integrate emerging businesses with high potential.For example,the country is now vigorously developing and supporting Internet services.Cross-industry mergers and acquisitions of emerging businesses,business transformation,adjustment of business structure,complement each other,improve the overall operational efficiency of the company,and enable the company to embark on a diversified development path.However,if the effect of mergers and acquisitions is not satisfactory,it will not be able to achieve the original merger and acquisition purposes,but also bring serious consequences to both parties,affecting or even slowing down the development speed of the enterprise,and even causing losses in the interests of both parties.Under this circumstance,it is of great theoretical and practical value to study the performance of M&A.This paper selects HyUnion Holding,which is listed on the A-share market in China,as the research object of the case,and analyzes the motivation and performance of HyUnion Holding Cross-industry M&A Union Mobile Finacial Technology.Based on the existing motivation theory and M&A performance evaluation method,this paper describes the M&A process of the whole case,analyzes the motivation of M&A,and further analyzes the performance of HyUnion Holding cross-industry mergers and acquisitions in combination with performance evaluation indicators.The cross-industry M&A case was evaluated and relevant revelations and suggestions were drawn.The article is divided into four parts.The first part introduces the research background,significance and existing research results.The second part introduces the specific process of cross-industry merger and acquisition of HyUnion Holding.The third part is based on the motivation theory of M&A and the performance evaluation index system of M&A.The analysis of the motivation and long-term and short-term performance of HyUnion Holding,the fourth part is the evaluation and summary of the entire M&A case,and draws relevant inspiration and suggestions.The conclusions drawn from the case analysis in this paper have the following two points: First,Hailian Jinhui’s choice of M&A linkage is mainly to diversify business risks and open up new business areas for the company to improve the return level of investors.Second,in terms of M&A performance,Hailian Jinhui has achieved the short-term shareholder wealth effect,although the short-term shareholder wealth effect is not very significant,but the effect of cross-industry M&A is reflected in a relatively long-term process,which is reflected in the company’s profitability and Capital efficiency has improved.