The Case Studies On The Mergers And Acquisition Between Wuhan Kattor Industry Co.,Ltd&Zhejiang Hejian Heavy Industry Science And Technology Co.Ltd

Against the background of China's economic restructuring the promotion of national policies the differentiation of capital market valuation and the complexity of the domestic IPO process the momentous mergers and acquisitions of major assets reorganization in the new The New Third Board market have become a boom.This article chooses Wuhan Kattor Industrial Co.Ltd.to acquire Zhejiang Hejian Heavy Industry Science and Technology Co.Ltd.as a case study.This paper analyzes the motivation performance payment methods and existing problems of this M & A event to facilitate the conclusion and conclusion of the M & A research in this direction in the future to enrich the theoretical system of M & A in the multilevel capital market in China.This paper selects the combination of theoretical basis and case study,firstly determines the significance and background of the topic selection,summarizes a large number of related literature on domestic and foreign M&A motivation and M&A performance,and lays a theoretical foundation for summarizing M&A motivation theory and performance evaluation methods.Next,we introduced the basic situation of mergers and acquisitions case of Kattor's M&A and HLCM Heavy Industries,the operation of Kattor shares and Hynix,the equity structure before the merger,the background of mergers and acquisitions,the transaction process of M&A,and the acquisition process.The summary of the basic conditions of the two parties provides a basis for the analysis of merger and acquisition motives.The case analysis summarizes the motives of M&A activity,and analyzes the merger and acquisition effects of Kattor AG before and after mergers and acquisitions through financial and non-financial indicators,and discusses the payment methods and effects of mergers and acquisitions.Analysis of factors;The final conclusion of the case study and inspiration.Through the research and analysis of this article,it is concluded that Kattor's M&A and HLCM has the characteristics of cross-layer mergers and acquisitions between new 3rd board companies,mergers and acquisitions to pay unused free cash,strategic mergers and acquisitions of mixed mergers and acquisitions with the industry,and “snakeness” mergers and acquisitions;The motives for the merger and acquisition of major companies in the merger and acquisition of new products include entering new areas of the lifting industry,expanding domestic and foreign markets,expanding financing channels,and standing on the innovation layer of the new three boards.The "non-public issuance of shares + cash" is selected based on the policy background,industry status,and business status of the acquisition and payment methods.Selecting this payment method will help the company achieve strategic coordination after mergers and acquisitions,and reduce the financial pressure of the company after the merger and acquisition;After mergers and acquisitions are completed,based on analysis of M&A effect on M&A motives,it is concluded that Kattor r's M&A and C&S has achieved economies of scale,achieved technological breakthroughs in R&D of new products,and improved the status of the industry;and concluded that M&A is completed based on financial indicators.After Kattor,the company's profitability,solvency,operating capacity,and growth capacity have improved compared to pre-merger acquisitions.The conclusions and inspirations of the final case study resulted in mergers and acquisitions that promoted company transformation and technology upgrades and enhanced brand value M&A success was due to the due diligence of target companies before acquisitions that reduced M&A losses,selected appropriate payment methods,and focused on policy guidance.The inspiration of the case study is that it must be fully prepared before the merger and acquisition,rational analysis should be made to make strategic decisions,and the importance of payment methods and timing of mergers and acquisitions should be paid attention to;comprehensive business integration and optimization should be the key to improving the synergies of mergers and acquisitions.