Accumulation of Capital - Cases of Capital Raising by Chinese Listed Companies

Author: Tong Yan
Publisher:
Publish Date: 2006-05-01
Features: "Financial Director Series #8226; Listed Company Case Series" is a sub-series of the "Financial Director Series," consisting of the following six books: "The Mystery of Numbers—Financial Analysis Cases of Chinese Listed Companies," "The Accumulation of Capital—Fundraising Cases of Chinese Listed Companies," "The Distribution of Interests—Dividend Distribution Cases of Chinese Listed Companies," "The Effect of Mergers and Acquisitions—Asset Restructuring Cases of Chinese Listed Companies," "Lessons from Failure—Financial Failure Cases of Chinese Listed Companies," and "The Cost of Violations—Fraud Cases of Chinese Listed Companies." The features can be summarized as: 1. All cases are drawn from the practical experience of Chinese listed companies, with concentrated and novel material that is close to Chinese realities. They include both successful experiences and lessons from failures. Whether successful or unsuccessful, these cases provide practical inspiration and guidance for corporate financial managers. 2. Each case provides a detailed description of the situation, followed by in-depth qualitative and quantitative analysis. During the introduction and analysis, there are insightful comments, and each case ends with a theoretical review linked to practical application. 3. The selection of cases is both systematic and thematic, with a clear focus. The systematic aspect refers to the six books in this series covering the main content of financial management as comprehensively as possible. The thematic aspect refers to the focus of each book on a specific issue of financial management. Capital comes from the accumulation of funds and is the premise and foundation of a company's existence. A company is established and exists because of capital, and capital uses the company as a means and path for its appreciation. Due to this inseparable relationship between capital and the company, questions such as where capital comes from, how to sustain it, and how to coordinate it become issues that companies must seriously consider and answer. Listed companies that are adept at navigating the capital markets use this unpredictable stage to interpret these questions in various ways. Based on extensive data collection and research, this book roughly divides a company's sources of funds into three parts: internal financing, debt financing, and equity financing, each of which includes some typical cases for illustration. This book uses multiple cases to explain the issue of fund accumulation from different perspectives of listed companies. While focusing on the methods of fund accumulation, it also touches on topics such as integrated listings, the financing characteristics of private enterprises, and strategic alignment. The content is rich, the structure is well-organized, and it provokes deep reflection. In terms of case selection, it is primarily concentrated on listed companies in the domestic capital market, with some coverage of overseas listings. In terms of case content, it includes common financing methods such as bond issuance, rights offerings, and additional offerings, as well as more specialized methods like convertible bonds, along with comprehensive multi-channel financing cases. In terms of case reviews, it includes both comprehensive reviews at the end of each case and insightful comments that run throughout the case.