潍柴动力与湘火炬并购整合分析

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1、ABSTRACTTheM&AandR&Iplaymoreandmoreimportantrolesduringthedevelopmentofenterprise．Itcanquicklyexpandindustry,rationallyconfigure，disposeandactivatetheproperty,adjustandoptimizeindustrialstructure，formandenhanceintemationalcorecompetitivepower．TheWEICHAIPowe

2、randtheTORCHGrouparetop3enterprisesinChineseautomobilepartsindustry,thetotalincomeexceed10billion．TheTORCHGroupisgoodatoperatingcapitalandintegratingindustry．TheWEICHAIPowerisgoodatmanagingandoperatingcompetitionunits．TheM&AandR&IofWEICHAIPowerforTORCHGroup

3、isthebiggestM&AandR&Icaseinthefieldofdomesticheavyauto—mobile，italsoisthefirstcaseoftradingstockforabsorbingmerger,H+Asimultaneouslygoingonthemarketandreformingexperimentofdomesticstockholder'srights．ResearchingthiscaseteachesverystronglessonsforChineseente

4、rpriseswhichimplements“greatstrategy’’，hasgreatpracticalsignificancetoreformanddevelopChineseStockmarket．Thepaperexplaintheaimandprincipia，reasonandstrategy,mergingandreconstructingmodeandbasicventuretheoryonthebasisofdiscussingthetheoryofM&AandR&I，thensumm

5、arizetheDomesticandforeignresearchingstatus．Secondly，inthispaper，thecaseoftheWEICHAIPowermergingandreconstructingTORCHGroupwasstudied，onthebasisofdiscussingtheelementarytheoryofM&AandR&I．Thebackground，origin，process，effectofthiscaseanditsexistingquestionswe

6、reresearchedIldeeplyinthispaper．Andthispaperanalysistheinternalrequirementofbothsidesofthemergingcase，thepotentialvalueofTheTORCHGroupwhichundervaluebythestockmarketforthereasonofDLONGGroup’Sfinancecrisis，theexpectingvalueofTORCHGroupaftermergedbytheWEICHAI

7、Power．TheprocessoftheWEICHAIPowermergingandreconstructingTORCHGroupincarnatedsomecharacteristics，suchasthestrategicandlengthwaysmerging，thecompletelymergingstrategy，thereposefulandsufficientcommunicate．Theresultofthismergingandreconstructingincarnatedthecoo

8、perateddominoeffect，themanageefficiency，theabilityofapacecontrolmarket．ThispaperexpatiatethecaseoftheWEICHAIPowermergingandreconstructingTORCHGroupexisttwobigtrouble，thatweretheobviousdifferenceoftheir