雨润食品并购融资方式研究

发布时间：2018-04-16 23:29

本文选题：股权 + 并购　；参考：《华东理工大学》2014年硕士论文

【摘要】：近年来,在国际金融危机和国家行业整合政策的共同影响下,我国企业的并购活动变得越来越频繁。一些经济实力较为雄厚的民营企业开始进入跨国并购领域,国内企业因并购所支付的现金也逐年增多。然而,活跃的并购市场所带来的资金需求与我国商业银行的惜贷情绪却形成了鲜明的对比。融资难甚至令许多依靠自然积累成长起来的民营企业陷入了“有机遇难发展”的窘境。本文通过对雨润公司并购融资方式的研究,为广大初具规模且深陷融资困境的企业介绍了一种实用的资本市场股权融资新手法。希望广大企业能够从中得到一定的启发,甚至能够直接运用该种融资方式走出困境抓住发展良机。为了能够更加直观的将雨润式并购融资方式的优越性展现给大家,本文分别从IPO和SEO两个阶段,借助公司独特的利润构成及其负商誉变现过程的资本运作对雨润的并购融资方式进行了详细介绍。最后,为了保持研究的完整性,本文在研究雨润公司上市后并购再融资的基础上,延伸介绍了一种公司SEO阶段出现的购股权融资方式,以供广大上市企业参考。
[Abstract]:In recent years, under the influence of international financial crisis and national industry integration policy, M & A activities of Chinese enterprises become more and more frequent.Some private enterprises with strong economic strength begin to enter the field of transnational M & A, and the cash paid by domestic enterprises due to M & A increases year by year.However, the demand for funds brought by the active M & A market is in sharp contrast with the reluctance of commercial banks to lend.The difficulty of financing even makes many private enterprises which rely on natural accumulation and grow into the dilemma of "organic distress and development".This paper introduces a practical new method of equity financing in the capital market for the enterprises with initial scale and deep in financing difficulties through the study of the M & A financing method of Yurun Company.Hope that the majority of enterprises can get some inspiration, even can directly use this financing way out of the dilemma to seize the development opportunities.In order to show the superiority of Yurun M & A financing method more intuitively, this paper starts from the two stages of IPO and SEO,With the help of the company's unique profit structure and its capital operation in the process of realizing negative goodwill, the paper introduces Yurun's M & A financing method in detail.Finally, in order to maintain the integrity of the study, this paper, on the basis of the research on the merger and acquisition and refinancing of Yurun after listing, introduces an equity purchase financing method in the SEO stage of the company, for the reference of the majority of listed enterprises.
【学位授予单位】：华东理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275;F426.82

【参考文献】