on the evening of the day when the “six mergers and acquisitions rules” were issued, 5 companies announced mergers
2024-09-26
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
our reporter ding rong
on september 24, the china securities regulatory commission issued the "opinions on deepening the reform of the merger and acquisition market of listed companies" (hereinafter referred to as the "six merger and acquisition articles").
zhao ling, senior investment consultant of jufeng investment consulting, said in an interview with the securities daily reporter: "the 'six mergers and acquisitions' adhere to the market-oriented direction and give full play to the main channel role of the capital market in corporate mergers and acquisitions. it not only clearly supports reasonable cross-industry mergers and acquisitions, but also relaxes the acquisition requirements for unprofitable assets. encouraging mergers and acquisitions can help traditional companies quickly enter new business areas and obtain new technologies, markets and resources, thereby promoting economic transformation and development. in addition, high-quality companies in the industry can integrate resources through mergers and acquisitions, improve the efficiency and competitiveness of the entire industry, and promote the healthy development of the industry."
on the evening of september 24, five listed companies including silinjie, weimaisi, st mingcheng, hefei urban construction, and qingdao doublestar issued merger and acquisition announcements.
silinjie announced that the company intends to purchase 71% of kekai electronics' shares from 23 counterparties including wang jianhui, wang jiangang, wang xin and wang ke by issuing shares and paying cash, and raise matching funds. this transaction is expected to constitute a major asset reorganization. silinjie said that after this transaction, the listed company will form a positive complementary relationship with the target company in terms of product categories, sales channels, r&d resources, etc., and achieve effective integration of business and technology by leveraging their respective r&d achievements and industry status.
vmax announced that in order to accelerate the company's overall layout in the field of new energy vehicle power and drive the company to further improve its product system and capacity building, its wholly-owned subsidiary wuhu vmax plans to use its own funds of rmb 144 million to acquire 38.50% of vmax's shares held by shanghai chuannan, a minority shareholder of its holding subsidiary vmax. after the transaction is completed, vmax will indirectly hold 100% of vmax's shares.
hefei urban construction, st mingcheng, and qingdao doublestar also announced merger and acquisition matters. hefei urban construction plans to issue shares to purchase 100% of the shares of trading group held by its controlling shareholder xingtai group. st mingcheng plans to acquire 51% of qingneng country garden held by its controlling shareholder liantou chengyun. qingdao doublestar plans to issue shares and pay cash to purchase assets and raise supporting funds, and ultimately realize that qingdao doublestar indirectly holds 45% of kumho tire's shares and controls kumho tire.
yang delong, chief economist of qianhai kaiyuan fund, said in an interview with the securities daily: "in fact, these listed companies have been planning for mergers and acquisitions for a long time and have made corresponding plans. they have seen the opportunities brought by the policy and actively responded to the policy. mergers and acquisitions are expected to enable these companies to achieve external growth and enhance their market competitiveness."
currently, the a-share market is in an "active period" of a new round of mergers and acquisitions and restructuring.
"a-share listed companies have the characteristics of large scale, wide industry coverage, relatively sound governance structure, transparent information disclosure, high degree of marketization, and strong financing capabilities." tian lihui, dean of the financial development research institute of nankai university, said in an interview with the securities daily reporter, "most of the listed companies that have recently disclosed mergers and acquisitions and restructuring matters are companies with certain competitiveness in the industry, and they reflect that the companies have keen insight into market changes and efficient decision-making processes."
regarding the sustainability of the m&a and restructuring enthusiasm, yang delong said: "with strong policy support, the m&a and restructuring boom in the a-share market will continue."
against the backdrop of high-quality economic development, enterprises in multiple fields have a need for mergers and acquisitions. zhang xinyuan, head of research at kefangde think tank, said in an interview with the securities daily: "in the future, active areas of mergers and acquisitions may be concentrated in state-owned enterprises, new productivity, and hard technology. state-owned enterprise mergers and acquisitions will help optimize resource allocation and enhance industry competitiveness. at the same time, mergers and acquisitions in the fields of new productivity and hard technology will help enhance the technical strength and market position of related companies."
source: securities daily
