The Research On Feed Enterprise Reorganizing For IPO

Feed industry is one of the pillar industries of national economic development.As an important engine,feed industry promoted the development of modern aquaculture material base.It is a product-intensive enterprise that has the distinctive features of heavy asset management,making the profit from the expansion of the scale by investing.In recent years,such factor as the instability of the global economy,the sharp fluctuations in raw material prices,the slowdown in China's economic growth,the sluggish animal husbandry,the intensification of competition in the industry and the rise in labor costs have seriously restricted the development of feed enterprises.The outbreak of the steel trade event,the chain reaction of the loan guarantee event,the tightening of the banking policy which prompted the bank to reduce the money lending,also made the development of feed processing industry worse.Under these situations,it is necessary for feed industry to increase the ability of talent,market,management for developing.But all the ability above need capital to support,only strength of enterprises cannot support the realization rapidly.Thus,many companies have begun a variety of attempts to explore the capital operation in recent years that is trying to use this new mode of operation to find the possibility of company's development.Among of which,the listing has become one of the important strategic options for many enterprises.However,the listing is a complicate system engineering that has strict requirements on the enterprise including scale and profits,internal control management and others.This paper takes the author's enterprise,company A,reorganizing for IPO as example to offer the proposal that how company A solve the problem during the process of IPO with CSRC focus.And also this paper would like to take such example to extend proposal to the other Pre-IPO feed company for some reference.Firstly,this paper expounds the survey's background and significance and constructs the framework of the research.Secondly,the paper collects the information to explain the motivation for the company listing and the risk of the company during the process of IPO.Again,the paper reviews the general situation of feed company and status.And then,the author used the five-force model,with the company A's current operating condition,to demonstrate the motivation of company A's IPO.Then,the paper offers the solving methods to main problem that happens during the process of company A's reorganizing for IPO.Finally,after deeply analyzing such above problems,the author offers a number of ideas and inspiration for the feed enterprises that will list.It is hoped that the research proposal of this paper will help the feed industry enterprises to raise their understanding of the listing,and also provide them some enlightenments and references for the strategic selection,listing decision-making and listing operation.