Case Study On Merger And Acquisition Of Jiayuan In The New Three Board Market

With the constant change of economic situation at home and abroad,the privatization of China's stock market has become a hot topic in recent years.Due to a series of baptisms,such as the undervaluation of China's capital market abroad,the improvement of domestic economic policies and financing problems,the support of domestic policies and the good impact of the economic environment,China's stock privatization has gradually become a wave of return in recent years.On the one hand,the return of China's stock market reflects the strategic planning of China's stock market.It provides a new platform for the development of China's stock market and injects new impetus.On the other hand,the return of Zhongguo shares also meets the needs of the national strategy,provides excellent investors for the domestic capital market,promotes the transformation of the state-owned industrial economy,and promotes the better development and growth of new economic enterprises.From the pursuit to frequent encounters,from many times to the U.S.listing tide to the unprecedented first delisting tide.This paper holds that the delisting factors of the proposed shares in the American stock market should be highly valued by investors and investors.Based on the above conclusions,this paper argues that China Stock Exchange Corporation should think twice before going public in the United States,while maintaining confidence and vitality,so as to achieve a healthy and sustainable listing and revitalize the reputation of the Chinese stock market.For China's capital market,it is necessary to establish and improve the delisting system of China's stock market.At the same time,in view of the phenomenon of large-scale delisting of China's stock market,China's capital market should timely launch the international board to guide overseas listed enterprises to return to the domestic capital market.Jiayuan's return to the new third board market in the 21 st century is a large-scale enterprise in the marriage industry.In this paper,theoretical research and case analysis are used to study the reasons for the return,the formulation of strategies and potential risks,and then the reasons,particularities and issues needing attention are obtained.The results show that the success of unification depends not only on the support of national policies,but also on the establishment of scientific and rational privatization schemes and path selection,and cooperation with reliable investment partners to effectively promote the return process.Finally,we can draw some enlightenment from the process of privatization delisting and backdoor listing.In the process of privatization delisting,attention should be paid to formulating reasonable strategies,fast financing channels and the connotative value of enterprises.Prepare for listing and deal with unexpected problems flexibly.Finally,the paper puts forward corresponding suggestions for investors,other mid-sized shares and relevant regulators,hoping to provide reference for Chinese enterprises preparing to enter or exit the US capital market,and provide policy convenience for the return of mid-sized shares.Enterprise capital strategy and capital market environment play an increasingly important role in the development of enterprises.In order to improve the performance of privatization,the capital market environment,prevention and related risks of enterprises should be better improved.In order to find a suitable capital strategy for their own development,regulatory agencies must speed up the construction and reform of domestic capital market,improve market efficiency and optimize resource allocation.The research finds that the return of stock approximation in recent years is mainly due to the huge difference in market value between Chinese and foreign companies.It is difficult for foreign investors to fully evaluate China's operating entities and major businesses.With the continuous introduction of state support policies,the return of China's stock outlook has become the only way for the capital operation behind the development of enterprises.