Research On The Impact Of Besttone Holdings' Private Placement And Mergers And Acquisitions On Enterprise Value

In recent years,private placement and mergers and acquisitions,as a special directional increase,have been favored by investors and have received continuous attention from the investment market.This provides perfect historical data for further exploration of the relationship between private placement and mergers and acquisitions and corporate value.And the market environment.According to statistics,nearly 600 companies carried out private placements and mergers and acquisitions at the end of 2016.The total number of private placements and mergers and acquisitions reached 15 trillion yuan.It can be seen that private placement and mergers and acquisitions have become a hot spot in China's capital market.As the number of cases of raising funds through the establishment of fixed-income methods has increased,this provides sufficient realistic material for further exploration of its significance and value,while private placement and mergers and acquisitions are also Raised the attention of the regulatory authorities.Therefore,we need to consider whether the private placement and mergers and acquisitions really meet the needs of listed companies to enhance the company's value,which requires in-depth theoretical analysis and case studies based on its essential attributes and key elements.In addition,the reform of state-owned enterprises has been attracting attention for a long time.In the 19 th National Congress,General Secretary Xi pointed out that it is necessary to “develop a mixed ownership economy and cultivate world-class enterprises with global competitiveness”.The report of the 19 th National Congress will further deepen the new era.The mixed reform put forward new ideas and requirements.From the current situation of mixed ownership reform in recent years,private placement and mergers and acquisitions are also the main transformation methods of enterprises.Before the establishment of Besttone Holdings,the business development orientation was unclear.At the same time,due to the stagnation of hotel and hotel service development,it has gradually become the “end member” of the rental service industry,and the development prospects of the enterprise are worrying.After the private placement and mergers and acquisitions,Besttone Holdings successfully got rid of the business dilemma.At the same time,the characteristics of private placement and mergers and acquisitions,such as private placement and mergers and acquisitions,can provide opportunities for state-owned enterprises to enhance their value.Therefore,the case study of Besttone Holdings has certain practical value and practical significance.This paper explores the impact of M&A on the value of state-owned enterprises in the context of mixed ownership reform by introducing equity structure and financial structure.Based on the company background and domestic and foreign literature,at home and abroad,the case analysis method was used to carry out the work,and Besttone Holdings was selected as the object of case study,and its basic situation was introduced and the status quo of the mixed ownership reform was analyzed.The case analysis,including the case selection basis,motivation,plan,and process analysis of the number of mergers and acquisitions of the company,followed by analysis of the impact of the number of mergers and acquisitions before and after the merger,mainly including rationality analysis,equity structure analysis.Finally,the paper analyzes the impact of Besttone Holdings on the value of enterprises,and measures the value of enterprises before and after mergers and acquisitions through changes in corporate value assessment,financial indicators and non-financial indicators.According to the analysis results,the research results that the merger and acquisition enhances the value of the Besttone Holdings enterprise: the enterprise value evaluation results are good;after the merger and acquisition,the financial indicators and non-financial indicators of the enterprise tend to be good;the merger and acquisition assistance enterprises establish a capital structure that is in line with their own business development.Through the merger and acquisition,Besttone Holdings helped its main business to transform from leasing and business services to information services,realizing business transformation and upgrading,and gradually turning losses into profit.It is obvious that a series of reforms made by Besttone Holdings are effective.of.This paper makes an in-depth analysis of the case of Bestone Holdings' s merger and acquisition under the background of mixed ownership reform,and summarizes its successful experience and model for reference by domestic enterprises.