Case Analysis Based On Conba Equity Carving-out Of The Jolly

In the spring tide of enterprise diversification,the large-scale expansion of enterprises with the main means of mergers and acquisitions has been one of the main ways for enterprises to improve their performance.However,with the development of enterprise merger and expansion,diversification brings a series of negative effects,especially under the diversification of the inefficient management caused heated debate,so people try to find reasonable boundary of enterprise scale,and this time float as an important means of capital contraction has received the unprecedented attention.The spin off listing of development of our country starts late,2010 years ago in confined to Hong Kong and overseas spin-off break-up,the SFC in 2010 to allow main board listed company spin-off subsidiary to provide new opportunities for its development,the gem to spin off listing is becoming a hot spot of enterprises and market popularity,worth we think deeply of the break-up of the resulting effect.Based on the summarize of spin-off listed the related literatures at home and abroad and the definition of spin off listing,summing up the motivation of spin off listing,combined with the characteristics of spin-off listed on the gem in China at the same time,conditions,and the status quo,in fact Spin-off force pharmaceutical industry as an example,the hope can discuss gem partitioned offering financial benefits,hopes can bring some enlightenment to other enterprises.On the fact that Spin-off with force pharmaceutical USES event study method and case analysis part of the financial index analysis method,and analyses the influence of spin off listing Conba and Jolly pharmaceutical debt paying ability,operation ability,profit ability,investment and financing status,etc,the influence of the split behavior are summarized for Conba and Jolly the positive effects and negative effects of pharmaceutical.Based on the analysis of the fact that Conba and Jolly pharmaceutical industry actual situation,trying to spin off listing of case company after financial benefit evaluation,comprehensive considerations to spin off listing's influence on enterprises,hope the case company adjust strategic plans and provide evidence for the new development plan,and can bring other listed companies to spin off listing some new thinking.