Research On Equity Financing Of Ucar Group

In recent years,start-ups,especially for internet startups,in its life cycle,has been accompanied by different rounds of equity financing.To reduce corporate financial leverage,broaden corporate financing channels,in recent years,China has begun to implement a financial strategy for vigorously developing multi-level capital markets.National equities exchange and quotations(New Over-The-Counter Market)came into being.But the current New OTC Market,due to the lower entry threshold for enterprises,investors have higher barriers to entry and the level of supervision needs to be improved,etc.There has always been a problem of lack of liquidity.However,among the New OTC Market listed companies,there are many high-quality companies with potentialUCAR Inc.is a human and vehicle industry chain integration company.UCAR Inc.,CAR Inc.,Shen Zhou Buys the Car and the Shen Zhou SME loan four plate businesses,committed to improving the travel industry,remodeling the ecological chain of human vehicles.After the company has conducted four rounds of equity financing,in July 2016,it was listed on the New OTC Market(838006).Looking at the process and status quo of equity financing of UCAR Inc.,this paper finds the following issues: First,the overall financing losses and scale of UCAR Inc.China are limited.Second,the current profitability of China's UCAR Inc.Group,the most profitable car rental company in China,is listed on the H-share market.Its value is significantly underestimated,and due to the shareholding ratio,the profit attributable to the parent company is low.Thirdly,due to cross-shareholding Existence has resulted in the compliance risk of a connected transaction between UCAR Inc.and Shenzhou Car Rental.Fourth,the current serious shortage of the overall liquidity of the New OTC Market has constrained UCAR Inc.'s superior performance in the capital market.After the above analysis and analysis of the above issues and their causes,this article proposes UCAR Inc.Equity Financing Optimization Program.The proposal is to optimize capital operations,Improve capital efficiency,the next equity financing action of UCAR Inc.should be divided into four steps: the first step is to complete the privatization of CAR Inc.in the form of a tender offer.The second step is to complete the asset restructuring of UCAR Inc.and Shen Zhou Car Rental with equity injection.The third step is to continue to merge and acquire high-quality companies in the industry chain to accelerate the industrial layout,rapidly increase the group's profit within the table,prepare your company for listing.The fourth step is to select China's A share market IPO.The market value of China UCAR Inc.A-share IPO will reach RMB 250-320 billion.It is currently 6-8 times the market value of UCAR Inc.in the New OTC Market.This article takes the representative enterprise UCAR Inc.as an example to discover and explain the problems and causes that arise in the process of enterprise equity financing,explore the current problems in the New OTC Market,and propose capital operation methods to optimize corporate equity financing behavior for similar companies in the process of equity financing in the process of similar problems with realistic reference.