Refinance Methods And Choices Of ListedCompanies

With the rapid development of China's economy and the improvement of the degree of world economic integration,the global market competition is becoming increasingly fierce.Enterprises are facing enormous opportunities and challenges.More and more enterprises choose overseas mergers and acquisitions as a way towards globalization.Overseas leveraged mergers and acquisitions have the characteristics of easy realization of enterprise scale benefits,operating benefits,financial benefits and multi-win-win.Therefore,overseas leveraged mergers and acquisitions have attracted more and more attention and have been adopted by many enterprises at home and abroad.Practice has proved that this kind of"snake-up phenomenon" mergers and acquisitions has great significance for the development of enterprises.At the same time,overseas leveraged mergers and acquisitions play an active role in the national economy,including promoting the economic efficiency of enterprises,promoting the adjustment of industrial structure,and promoting the development of financial markets.Therefore,leveraged mergers and acquisitions have become the focus of listed companies when expanding their scale.This paper studies the application of leveraged mergers and acquisitions in overseas mergers and acquisitions of Listed Companies in China,taking the merger and acquisition of Kerr Company by Xiwang Food Company as an example.The main research object of this paper is the leveraged merger and acquisition scheme of Xiwang Food Company.Through literature research and case study,this paper studies the payment methods of leveraged merger and acquisition and makes a comparative analysis of its financing methods.At the same time,it studies the advantages and risks of leveraged merger and acquisition.On the basis of fully studying the relevant theories of leveraged merger and acquisition at home and abroad,through the study of Xiwang Food Leveraged Buyout Scheme,this paper analyses the design framework and merger process of the transaction,understands the unique role of M&A fund in leveraged buyout,and combines it with the assets structure and financial situation of the enterprise,etc.to Xiwang Food The reasons for the success of M&A are analyzed in depth.The results show that leveraged mergers and acquisitions provide an alternative for enterprises to solve the problem of M&A funds.Enterprises should pay attention to multi-channel financing and risk control in leveraged mergers and acquisitions.The financing planning of leveraged mergers and acquisitions in overseas mergers and acquisitions is not only to raise sufficient funds,but also to consider the follow-up capital operation.Finally,based on the current situation of China's capital market,this paper puts forward some suggestions and Countermeasures to improve leveraged mergers and acquisitions from the perspective of enterprises,markets and supervision,to help listed companies find the problems that need attention in the process of leveraged mergers and acquisitions,and to provide reference and suggestions for preventing related risks,so as to bring experience and lessons for enterprises in the field of leveraged mergers and acquisitions.