A Study On Xin Shi Da's Merger And Reorganization

The reform has promoted the perfect development of China's market economy and the recovery of foreign economy,which has further stimulated the stable development of the domestic economy.At present,in the process of operation of our country enterprises,the influence of the market also gives rise to the tendency of merger and reorganization to become an enterprise.For state-owned enterprises,state-owned enterprises not only have strong economic strength,and often hold the lifeblood of the national economy.Therefore,its merger,acquisition and reorganization will often cause great sensation in the target market.The main reason is the establishment of SASAC in 2003,which led to the merger and reorganization operation.Now after more than a decade of development,the merger,acquisition and reorganization led to the cutting of the number of the jointstock enterprises,and the country to the full control of state-owned capital.But at the same time we must realize that based on the merger,acquisition and reorganization help to make the performance of listed companies and capital operation efficiency,also brought some negative influence.That caused a lot of enterprises didn't reach the expected synergy effect after the merger,acquisition and reorganization.This paper discussed the theory of acquisition and reorganization.At the same time,it also analyses of the case of acquisition and reorganization process about Xinshida,and Zhongweixin.It talks about the reason of the decline of performance.It would provide some experiences for reference and avoid the limitations.