View- Big M amp;amp; A Time to come-.docVIP

 PAGE \* MERGEFORMAT 20 View: Big M amp;amp; A Time to come? How to accelerate M amp;amp; A market? This year there have been several relatively high-profile dispute over shares of listed companies, the number of mergers and acquisitions in the first half and trading volume are significantly expanded, M amp;amp; A market appears to be accelerating why? ZHANG Yin: This acquisition is not a legal person shares a little bit out of taste? A lot of legal person shares of listed companies at least three years or more precipitation, some of the original promoters of listed companies is affiliated parties, the original debt is not a listed company is also, which gave the stake, these people to quit sooner or later. Everyone has a transfer of legal person shares the impulse, but no transfer market, and now this game is actually a disguised distribution arrangements for corporate shares. While direct selling corporate shares and lack of access to cash, but the formation of a number of exchange between enterprises, this Council is doing is doing may be made in cash, and because this shell is a listed company, there may be sources of funding. Society as a whole is still in the primitive accumulation of capital during the period, regardless of what level of business, at this stage are very keen to cash, so almost all of the mergers and acquisitions are low-level, we can only do Council, and not to do someone else’s Bureau, was the acquisition of the two sides of the Authority to do something. Listed companies, there is a strong impulse to buy profits, because 10% of listed companies and has accumulated losses at the Pre-losing, I estimate there are about 30% of another line at the allotment, the need to buy to keep the profit eligible for allotment. The third in the face of the overall restructuring, regardless of a good company or bad companies are conducting business restructuring. However, a large number of Pre-losing enterprises are the main business is not clear, wa