Research On The Motivation And Performance Of Enterprise Share Conversion And Merger Under The Same Control

With the continuous development of China's capital market,mergers and acquisitions have become one of the important ways of corporate investment.It is particularly important to achieve the overall strategic objectives by selecting the right way to restructure the assets by considering the financial situation of the company itself and the market considerations.In the process of mergers and acquisitions,various risks may be encountered and both parties to the merger belong to the same controller,which can effectively reduce the risk caused by information asymmetry.In addition,the merger and acquisition mergers and acquisitions are designed and controlled by virtue of their unique schemes.The function of financial risk is highly concerned by enterprises.In the case of mergers and acquisitions at home and abroad,the model of“relying on a small amount of cash + integration of internal resources of the group ” is increasingly favored.The Wen Shi Group also successfully used this method to successfully list on the growth enterprise market of the Shenzhen Stock Exchange,with a market capitalization of 200 billion.Exceeding such high-value companies as China Ping An and Le TV,the entire listing process has great significance for the entire agriculture,forestry,animal husbandry and fishery industry and even the A-share market.This paper analyzes and studies the typical case of the private enterprise WenShi Group to absorb and merge Da Hua Nong and two concepts of the same control and share swap absorption in mergers and acquisitions,analyzes the motivation and performance analysis of Wen Shi Group's share swap and merger,and makes a certain analysis of its valuation.Find highlights in the trading plan and hope to provide valuable experience for the subsequent listing of farming and animal husbandry.choose their best mergers and acquisitions schemes in selecting mergers and acquisitions methods to maximize their overall benefits.This article is divided into four parts.The first part is to introduce the background,concept introduction,research method and overall framework of this paper.The inductive collation of relevant literature lays the theoretical foundation for the later case analysis.The second part is a detailed explanation of the basic situation of the merger and acquisition,the introduction of the merger process,and the highlight analysis of the design of the program.The third part is the motivation and performance analysis,mainly the performance analysis of financial indicators and the event research method.It is hoped that the significance of this M&A activity will be derived from the business performance and market response.From the perspective of short-term market reaction,it has had a significant positive impact,but in the long run,the effect is not so significant,and whether the valuation situation is high.The last part is final conclusions and revelations.