In the context of the “Eight Lianyang” market index, mergers and acquisitions of companies have always been the most dazzling “stars” in the two cities. Judging from the enthusiasm of funds for mergers and acquisitions, cross-border mergers and acquisitions bear the brunt, and horizontal mergers and acquisitions in the industrial chain have become the second most popular sector following. Even companies that simply add blood are also expected to be acquired by the market. It has also become a hot spot for short-term gold absorption.
Cross-border mergers and acquisitions are popular
Regardless of whether the large-cap stocks point downwards and upwards, cross-border mergers and acquisitions have always been an unbeaten favorite for A-shares. From game themes in 2013 to film and television themes in 2014, many star companies that have cross-border mergers and acquisitions have doubled their share prices. Since 2015, the unbeaten law of cross-border mergers and acquisitions has continued to play out.
Take Hongtao Co., Ltd. as an example. The company's main business is building decoration, and its annual net profit in recent years has been more than 200 million yuan, which can be described as stable. However, the company also played the game of cross-border mergers and acquisitions this year, making the secondary market capital bright.
After the suspension of trading of Hongtao shares on February 10 this year, an announcement was issued on March 14 that the company signed the "Equity Transfer and Capital Increase Agreement" with Kua Kao Education and its original shareholders. The company obtained 70% of Kua Kao Education at a consideration of 235 million yuan. Equity. After the completion of the above-mentioned equity transfer of the target company, all parties unanimously increase the capital of the target company by 17.921 million yuan according to the proportion of the equity of the target company held by them. After the capital increase is completed, the registered capital of the cross-examination education will be changed to 20 million yuan.
实际上，与洪涛股份的净利润规模相比，跨考教育的营收规模尚属“小巫”。根据公告协议，标的公司管理层股东承诺：跨考教育2015年度至2017年度经审计的净利润分别不低于3500万元、4600万元和6000万元，否则标的公司原股东应以现金方式向公司进行补偿。未经审计的财务数据显示，跨考教育2014年实现营业收入1.47亿元、净利润1731.94万元。但这并没有阻挡洪涛股份复牌后的连续涨停，从复牌前11元/股附近算起，公司股价于3月20日冲破20元/股大关，实现了两周时间接近翻倍。
在中国经济转型的背景下，已经有越来越多的传统产业公司开启了跨界并购运作。此前主营煤炭销售的爱使股份如今已经变身为游久游戏，湘鄂情也已经成功更名为中科云网。业内认为，随着A股牛市的到来，不排除更多公司借助资本市场的力量进行跨界收购与整合，带动二级市场股价飙升的同时，也有望实现公司运营层面的彻底转型。
并购预期值得关注
还有一类公司并没有筹划并购重组，仅为定增补血，但由于具有并购预期，也成为吸金热门。
以东南网架为例，公司今年1月6日发布公告，向特定对象发行股份募集资金用于偿还银行贷款以及补充流动资金。定增预案显示，公司拟向包括控股股东东南集团在内的5名特定对象非公开发行不超过10570.82万股，发行价格为4.73元/股，募集资金总额不超过5亿元。从公司1月复牌到3月20日收盘，公司股价已经从4.8元/股附近直冲到9.3元/股，创出4年新高。
与不少公司在并购重组方面已经迈出实质性步伐不同，不少上市公司虽然也有并购重组的愿望和部署，但是由于种种原因未能遂愿。不过，这也并没有阻挡资金对这些重组失败股的热情追捧。
Guofa issued an announcement on March 9, because the company and the relevant restructuring parties failed to reach an agreement on the valuation of the target assets of this major asset restructuring and the future profitability of the restructuring target was uncertain, the company decided to terminate this major asset restructuring. Asset reorganization matters. According to previous announcements, Guofa Co., Ltd. intends to acquire all the equity of the target company by issuing shares to purchase assets and supporting fundraising. The target company is a professional network video surveillance product and solution provider for smart cities.
Although Guofa Co., Ltd. promised to stop negotiating, discussing, and planning major asset restructuring within 3 months from the date of the announcement, the company resumed trading on March 9 but closed the red market, and March 10 was a strong daily limit.
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