Research On The Fairness Of Shareholders' Benefit Distribution Under The Merger Of Share Swaps

The merger of stock exchange can enhance the economic strength of the enterprise and expand the scale of the enterprise.Therefore,more and more enterprises have joined in the stock exchange merger,which makes the exchange merger mode develop rapidly.Inter industry interaction is inevitable,especially in the pharmaceutical industry.Therefore,the consolidation of stock swap has become the first choice for the pharmaceutical industry to expand its scale and the development of enterprises.This paper first leads the readers to understand the background and significance of the case study,and reviews the relevant literature on the merger of the stock exchange,including the relevant documents issued by the domestic and foreign core periodicals.In addition,in order to facilitate the reader to have a more in-depth understanding of the exchange of shares.This paper further expounds the concept of exchange merger and the equity allocation of shareholders' interests,and also explains the innovation of this article and some inadequacies in this case.Secondly,it introduces the case of the merger and merger of Guangzhou pharmaceutical industry,including the situation of the merger and merger between the two parties,the merger process of the stock exchange in Guangzhou,the merger scheme and the result of the merger,which will provide some reference for the future merger of the enterprises.This article uses the case study method to analyze the main materials from the core periodicals,the stock exchange merger draft of the listed companies,the financial statements and the reports issued by the evaluation institutions.This article selects the merger of Guangzhou pharmaceutical industry as a case of this study.It is because the merger and merger of the pharmaceutical industry in Guangzhou is the first time of the first family in China.And three capital trading markets are Shanghai,Shenzhen and Hongkong.It also ushered in a new direction for Guangzhou pharmaceutical industry and the expansion of the Baiyun Mountain and the Insurance Federation.It is also the case of the merger and merger of the two companies under the whole Guangzhou Pharmaceutical Group,so this case is selected for research.Then the paper makes a specific analysis and Research on the equity distribution of shareholders' interests in the merger and absorption of Guangzhou pharmaceutical industry,including the analysis of the fairness of the interests distribution betweenshareholders and dissenting shareholders,the analysis of the issue of the A share of Guangzhou pharmaceutical industry and the distribution of the shareholders of the shareholders of the shareholders of the shareholders,and the large shareholders and the small and medium-sized shares.The analysis of the issue of the fairness of the East interest distribution.And through this case,we think about the reason and the impact of the fair share of shareholders' interest distribution in the merger of the stock exchange.According to the analysis,the conclusion is drawn and the suggestions are put forward.It is hoped that the future merger and absorption enterprises can achieve the fairness of the distribution of shareholders' interests.