Effects of Mergers and Acquisitions: Asset Restructuring Cases of Chinese Listed Companies

Author: Li Chunling, Ding Xinyia
Publisher:
Publish Date: 2006-05-01
Features: "Financial Director Series #8226; Listed Company Case Series" is a sub-series of "Financial Director Series," consisting of the following six books: "The Mystery of Numbers—Financial Analysis Cases of Chinese Listed Companies," "The Accumulation of Funds—Capital Raising 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 follows:
1. All cases are drawn from the practical experience of Chinese listed companies, with concentrated and novel material closely related to the Chinese context. 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, insightful comments are included, and each case concludes with a theoretical review linked to practical application.
3. The selection of cases is systematic and thematic, with a focus on key areas. 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 each book focusing on a specific issue of financial management.
The primary purpose of compiling this casebook is to edit classic cases of asset restructuring in Chinese listed companies, supplemented by professional comments, to explain the characteristics of asset restructuring methods of listed companies and the relevant economic, legal, financial, and accounting issues reflected during the process, for reference by readers in academia and practice.
In terms of case selection, this book takes the methods of asset restructuring of listed companies as the main thread, including secondary market mergers, equity trust, absorption mergers, tender offers, and agreement transfers, while also considering different types of restructuring entities, such as simple cases of asset restructuring by single enterprises and comprehensive cases of asset restructuring among listed companies within capital groups.
From a content perspective, each case has clear objectives, detailed materials, and engaging comments. Based on this principle, the book selects 13 typical cases from different angles. These cases either pioneered the field of mergers and acquisitions in China's capital market, featured unique restructuring techniques, had a profound impact on listed companies, or provided thought-provoking lessons from both success and failure.