买壳上市绩效评价——新太科技收购远洋渔业的案例分析

Profit Appraisal of Going Public Through a Reverse Merger

文章在详细分析新太科技收购远洋渔业案例的基础上,初步探讨了买壳上市这种并购方式的绩效评价方法。研究发现,共同价值是双方实现各自并购战略目标的基础,企业并购收益需要经过一段时期才能实现。买壳方在实现间接上市的过程中,如果忽略成本控制,则会在一定程度上牺牲企业的长期发展能力。要实现整体经营业绩的提高,必须提高主营业务水平,改善资本结构。

The paper through the detailed analysis of the case of XINTAI TECH purchasing YUANYANG FISHERY expounds the methods of profit appraisal of going public through a reverse merger. It points out that mutual value is the base for the parties to merge. The profit of the merged enterprise will not be made until a certain period of time. In the process of going public indirectly,the merger will sacrifice the long-term development ability of the firm if it neglect cost control. To enhance the whole profit,it must promote its major services and improve its capital structure.