Research On The Financial Effects Of Stock Exchange, Absorption And Merger And Overall Listin

In the early stage of the development of my country’s securities market,the market quota was tight,and the listing requirements were strict.In order to optimize the equity structure and obtain financing funds as soon as possible,many companies chose to split and list.However,with the development of the market economy,the drawbacks of spinoff and listing continue to emerge,which seriously affects corporate benefits and damages shareholders’ rights and interests.As a result,overall listing has attracted widespread attention as a solution to spin-off and listing.The overall listing can optimize the industrial chain of enterprises,integrate internal and external resources,achieve synergies,and improve market competitiveness;it can also reduce related transactions,improve the level of enterprise management,and protect shareholders’ rights;in addition,overall listing can also optimize the capital market environment and promote enterprises.Rapid development.Therefore,it is of great significance to study the overall listing of enterprises.This paper selects the overall listing case of the private enterprise Wen’s Group and Dahuanong’s share-swap merger and acquisition as the research object,expounds the overall listing and share-swap merger,Using case study method and financial indicator analysis method,analyzes the overall listing motivation of Wen’s Group and changes in financial effects after listing,and provides information for the follow-up animal husbandry enterprises.The listing provides valuable experience.At the same time,Wen’s shares,as the first company to achieve the overall listing on the Chi Next through share swap,absorption and merger,is an important representative.In this article,we analyze Wen’s Group’s overall list case from six aspects.The first part introduces the background of the research and the importance of the research,research content and method,main thesis framework and innovation points;Part 2summarizes the overall list and relevant literature on financial implications and lays the rationale for follow-up;Part 3 introduces the basic status of companies on both sides of the listing,development background,listing process,and selection of motivations and models for the entire listing.Part 4 analyzes the financial effects of the companies before and after.Listing is mainly done using financial indicators and event analysis methods.The research method analyzes short-term financial effects and business performance before and after listing,and also analyzes changes in ownership structure and shareholder value before and after listing.;Performance analysis,in addition to analysis of the equity structure and shareholder value before and after changes;the fifth part analyzes the reasons why the overall listing has an impact on the financial effect of the company,mainly from reducing related transactions,optimizing the industrial chain,integrating internal resources,and forming synergies,to broaden the financing channels and analyze and research;the last part six is the conclusion and enlightenment.According to the changes in the financial effect of Wen’s shares after the overall listing,It has been concluded that an overall listing can improve a company’s financial performance,enhance shareholder rights and interests,and achieve synergies.And put forward two revelations,that is,enterprises should choose a suitable overall listing mode according to their own development,and enterprises should choose a suitable listing time.I hope it can provide effective reference for other companies that choose to go public as a whole.