The Battle Of Baoneng And Vanke

In recent years,the rapid development of China's economy,the capital market has become increasingly active,at the same time,the catalyst of reform of non tradable shares as China's merger and acquisition and anti takeover activities,greatly improved the incidence of mergers and acquisitions.2015,the two years of "Bao Wan dispute",is a representative of China's mergers and acquisitions and anti mergers and acquisitions.It involves the principal-agent problem between Vanke's owner and the management and management department headed by Wang Shi,the contention between Vanke and Bao's system,and related merger and acquisition issues.Its continuous fermentation has also led to discussions on the definition of mergers and acquisitions,anti malpractices,capital market operation,industry regulation,corporate governance.This paper explores the events in China is firstly analyzed.Now the merger event,mergers and acquisitions are to achieve synergies,to obtain short-term profits or reduce transaction costs as the starting point,and showing the overall trend of mergers and acquisitions,increase the success rate of diversification,strengthen the degree of confidentiality.Then,we analyzed the valuable resources of Vanke's coveted Vanke,plus the shortcomings of Vanke's own equity,and created a way to take advantage of it.Then we tried to become a major shareholder of Vanke by adopting venture capital raising,equity pledge and information management plan.However,because Vanke adopted economic strategy,public opinion strategy and legal strategy to fight back,as well as the intervention of external forces such as the government,it led to the failure of Bao's system to win Vanke.finally,this paper argues that cannot deny the value of mergers and acquisitions behavior on the development of whole market economy completely,on mergers and acquisitions,is proposed to ensure the acquisition of compliance,rational use of funds and pay close attention to the laws and regulations of construction and renewal;anti purchase Party proposed to build good defense and.Self defense system,such as the adjustment of ownership structure,learn to use the "golden parachute","White Knight" and cross shareholding strategy;Foreign regulators also put forward suggestions for supervision and regulation.