The Study On The Motivation And Value Effect Of Junshi M&A Zhonghe

In recent years,the rapid growth of the economy makes the competition more and more fierce,which makes the enterprises continue to expand the scale,and mergers and acquisitions are an effective way to expand the scale.The capital market is constantly developing,and the types of M&A cases in China are gradually enriched.The exchange of shares to absorb mergers and acquisitions is more and more favored by the companies that want to buy and acquisitions.Through the payment of stocks,the merger can reduce the financial risk of the merged company,accelerate the business integration and improve the comprehensive ability.And the new capital market-the new third board market is also in line with the development of the times,the way of stock exchange absorption and merger will be introduced into the new third board.In the capital market,and With the frequent occurrence of purchase,the most common motivation of M&A is to list on the back and realize listing quickly,so as to realize the complementarity and sharing of resources among enterprises,expand the scale and improve the comprehensive competitiveness.However,the first stock exchange absorption merger in the latest third board market,the merger motivation of Junshi is different,so it has been paid more and more attention.This paper analyzes the motivation and value effect of the merger of Junshi M&A Zhonghe which is divided into seven parts.First of all,it expounds the research background and significance of this paper,literature review at home and abroad,and then expounds the basic theory involved in this paper,and then introduces the market background and industry background of the case,and for both sides of the merger,This paper briefly introduces the process of merger,deeply analyzes the motivation of the merger and the value effect after the merger,and adopts the financial index analysis method and the market added value method in the analysis of the value effect.From this we can understand the financial situation and operating results of the merged company,and finally analyze the existing problems of Junshi after the merger,and put forward some relevant suggestions according to the problems,and draw conclusions and enlightenment.Based on the analysis of the motivation and value effect of the merger and the merger of Junshi stock exchange,this paper summarizes the problems encountered by Junshi in the merger of stock exchange absorption and merger,and puts forward some relevant suggestions according to these problems.It brings relevant experience and enlightenment for the future stock exchange and merger.