Is the acquisition of a listed company a good or a bad thing?

To a certain extent, the acquisition of listed companies has injected high-quality assets into listed companies, introduced strategic investors, optimized the equity structure, expanded the company's scale and improved market position, which is a good thing, which will attract a large number of investors in the market, thereby driving the stock price.

In addition, because most of the listed companies before the acquisition, the stock price is generally loss-making, the stock price is very low, after the acquisition due to the change in the company's fundamentals, investors expect the company to turn around significantly, with a good investment value, the company's stock price will also rise sharply, at the same time, will attract investors in the market to speculate on their expectations, a large number of **, promote the stock price**.

However, when a listed company is acquired, some of the main forces may use the news of the acquisition of listed companies to carry out shipment operations, resulting in the stock price, that is, the main force in the market takes advantage of the good news of the acquisition of listed companies, throws out the best in their hands above, and transfers all the chips to the hands of the market, which leads to the stock price.

In the bull market, the acquisition news is very popular, and the stock price trend is undoubtedly positive; But if the stock price rises sharply before the news is announced, then we must be vigilant and vigilant against the main force taking advantage of the good shipments, the so-called "seeing the light and dying", because the prescient funds have already been laid out.

If it is a bear market, at this time all of them are sharply, no matter how good the news is, it is difficult to change the market environment, and the main funds will not work against the market.

It is the specific ** of the company's acquisition of assets, which will generally be acquired at a premium, but some acquisitions are ridiculously high, and investors should be vigilant, such acquisitions are very dangerous.

Investors should pay special attention to these situations, such as whether the acquisition of assets is the most hot spot, whether the acquisition of assets has a profit guarantee agreement, etc. In short, when this situation arises in your hands, gather as much information as possible, study carefully, and invest prudently.

In **, investors must follow in the footsteps of **, rather than delusionally let ** follow in their own footsteps, even the main force is no exception.

The market is very sensitive to acquisitions, and acquisitions mean asset restructuring, which is an opportunity for listed companies to improve their operating conditions, and also an opportunity for investors, although good and bad.

It's all relative, but it's better to have news than nothing, and I often pay attention to the hype of the subject.

The listing of subsidiaries is positive. The shares of the parent company will generally increase in value significantly, which is positive. The year-end valuation of the equity investment of the parent company is increased, and Lingqiao is especially prepared to be a financial asset from a long-term investment.

It is obvious that a piece of calendar tomato will be added. The ** of the parent company is the ** of the parent company, and the investor buys the ** of the parent company, not the subsidiary**, so from this aspect, the listing will not have a large share capital for other investors in the subsidiary.

Room for appreciation.

The parent company theory is based on statutory control, which is usually obtained by holding a majority of shares and voting rights (usually more than 50%), but can also be achieved through a control agreement that places one company under the legal control of another. When a certain company is under the legal control of another company, the parent company or holding company has full control over the subsidiary's financial and operational decisions.

Therefore, the theory of the parent company is more consistent with the laws and regulations in the current practice, or in other words, the relevant consolidated statements in the current practice.

The regulations reflect the main ideas of the parent company theory.

It can be good or bad.

First, it is good, and the spin-off listing may be good. Through spin-offs and listings, the parent company can independently develop subsidiaries with potential and prospects, and through the development of subsidiaries in the ** market.

Cash out. At the same time, the parent company can control the equity of the subsidiary. At this time, the development of the subsidiary is good, and having an ideal stock price will also bring excess profits to the parent company.

In this way, the parent company will pay more attention to the management of the business operation of the subsidiary, so that the subsidiary can obtain better development resources and form a virtuous circle.

Second, the disadvantage, spin-off listing may be negative. After the spin-off and listing, if the subsidiary's operating results are not very good and there is no good performance, it will affect the operating conditions of the parent company, which is likely to lead to a decline in the overall performance, which will lead to a stock price and make investors lose confidence in the company. Therefore, the spin-off and listing of a company should consider not only one aspect, but also all possibilities.

Projects with obvious and broad prospects should be considered for spin-off and listing, and projects with uncertain prospects should be carefully considered.

Expansion information] 1. Spin-off and listing can increase the market value of the parent company, enhance the company's financing ability, and enhance the management of subsidiaries, but with the reduction of spin-off listing conditions, the number of companies that meet the conditions for spin-off and listing has increased greatly, the difficulty of market speculation is also increasing, and there are very few high-quality targets, and at present, the market chaos of spin-offs is still unpreventable. Therefore, spin-off and listing have both advantages for enterprises, but also have certain drawbacks, which should be analyzed in combination with the actual situation of enterprises.

2. The spin-off and listing form a secondary premium for equity, and the China Securities Regulatory Commission will allow the spin-off subsidiaries of domestic listed companies to the GEM.

As soon as the news of the listing came out, the most direct and common interpretation of the market was that the GEM would face rapid expansion, which was a huge bearish. On the other side of the "coin", as many brokerages said, the investment value of PE-type listed companies on the main board is prominent, and the investment opportunities are huge. Spin off a company and increase a performance.

Compared with the support of the venture capital concept for the company's performance, the spin-off concept can expand the benefits again, and those companies with a large number of high-quality subsidiaries will become the new darlings of the market and dig deep into A-shares.

In addition, it has issued a commitment of non-competition in the future, and there are no serious related party transactions between the listed company Yinxun and the shareholders or actual controllers of the issuer and the issuer.

2.Issuer's net profit.

accounting for no more than 50% of the net profit of the listed company; The issuer's net assets.

Accounting for no more than 30% of the net assets of the listed company; The directors, supervisors, senior executives and relatives of listed companies and their subsidiaries hold no more than 10% of the issuer's pre-issuance shares.

There are pros and cons to spin-offs, but in the long run, spin-offs are listed.

Good for both the parent company and the subsidiary.

First of all, through the spin-off, the parent company can put some projects and subsidiaries with market potential in the ** market.

To cash out, the parent company can control the equity of the subsidiary by controlling the subsidiary, and if the subsidiary's stock price is ideal, it can also obtain a good capital premium.

Bringing excess returns to the parent company, the parent company can also focus on the operation and development of the main business and core business. If the industry in which the subsidiary is located is not in the industry, it will also affect the operation of the parent company, resulting in a decline in the operating performance of the parent company, which will affect the confidence of investors. If it is, it will be profitable.

After the spin-off of stronger assets, the pursuit of financing brought by spin-off and listing will also reduce the quality and efficiency of the parent company's asset operation. Therefore, we should also take a calm look at the spin-off and listing, and whether it will be spun off and listed, we need to analyze how the spin-off and listing will have an impact on the business integration and long-term development of the parent company.

Spin-off] A spin-off is a legal and organizational separation of the operations of a parent company from the operations of the parent company by distributing its shares in the subsidiary to the shareholders of the existing parent company on a pro rata basis.

There are broad and narrow senses of spin-offs. Broadly defined, spin-offs include listed companies or unlisted companies that separate part of their businesses from their parent companies and list them separately; A spin-off in a narrow sense refers to a listed company that separates part of its business or a subsidiary from a separate public offering. After the spin-off is spun off and listed, although there is no change in the shareholding ratio and absolute number of shares, the shareholders of the original parent company can enjoy the net profit of the invested enterprise according to the shareholding ratio.

and, most importantly, after the successful spin-off and listing of the subsidiary, the parent company will receive excess investment returns.

After the spin-off and listing, although there is no change in the shareholding ratio and absolute number of shares, the shareholders of the original parent company can enjoy the net profit share of the invested enterprise according to the shareholding ratio; The most important thing is that after the successful spin-off and listing of the subsidiary, the parent company will receive excess investment returns.

Mergers and acquisitions are a very common form of change in corporate assets, and many companies have obtained a significant increase in assets through mergers and acquisitions, and mergers and acquisitions are undoubtedly good for the company. This is good for investors, good for it. Mergers and acquisitions.

From the perspective of the industry, it can be acquired horizontally.

Mergers and acquisitions are often good for the acquired company, because usually the asset quality of the acquired company will be improved after the restructuring is completed.

Extended information: Mergers and acquisitions can be summarized into the following categories:

Expand production and operation regulations and reduce costs.

Through mergers and acquisitions, the scale of the enterprise.

It can be expanded, and an effective scale effect can be formed.

The scale effect can bring full use of resources, full integration of resources, reduce the cost of management, raw materials, production and other links, so as to reduce the total cost.

Increase market share.

Enhance the strategic position of the industry.

Large-scale enterprises, with the improvement of productivity and the improvement of sales network, will have a greater market share than that of ethnic friends. So as to establish the company's leading position in the industry.

Obtain sufficient and cheap production raw materials and labor to enhance the competitiveness of enterprises.

Expanding the scale of the enterprise through mergers and acquisitions and becoming the main customer of raw materials can greatly enhance the negotiation power of the enterprise, so as to obtain cheap means of production for the enterprise.

Offering the possibility. At the same time, efficient management, full utilization of human resources and the visibility of the enterprise all help enterprises to reduce labor costs. So as to improve the overall competitiveness of the enterprise. [1]

Implement brand management strategy to improve the visibility of the enterprise to obtain excess profits.

Brand is the driving force of value, the same product, even the same quality, the value of brand-name products is much higher than ordinary products. M&A can effectively increase brand awareness and increase the added value of enterprise products.

Management experience, business network, professional talents and other resources.

M&A activities acquire not only the assets of the enterprise, but also the human resources, management resources, technical resources, sales resources, etc. of the acquired enterprise. All these are conducive to the fundamental improvement of the overall competitiveness of the enterprise, and are of great help to the realization of the company's development strategy.

Diversify into new industries through acquisitions and diversify investment risks.

This situation occurs in the hybrid M&A model, with the intensification of industry competition, enterprises can not only effectively expand the scope of business and obtain a wider range of markets and profits through investment in other industries, but also can disperse the risks brought about by competition in the industry.