Star And Capital "Collision" Merger And Reorganization Also Need To Have "Integrity".

One side is a star, the other is capital, both stars and capital, both of them can produce certain influence.

But if stars and capital are combined, the energy and influence that are bursts are huge.

Recently, the acquisition of Fan Bingbing by a listed company, Tak Tak, has earned its eyeballs because stars and

The collision has come together.

Although the letter of concern has been issued for the high premium M & amp; Shenzhen Stock Exchange, what role can "attention" play? Even though this paction is a naked pfer of interests, what can be done in the context of the restructuring of "marketization"?

Only Fan Bingbing, his mother Zhang Chuanmei, whose registered capital is only 3 million yuan, was founded in July 30th last year in July 30th. The approval date is January 29th this year.

At least, so far, entertainment and capital circles have no relevant reports about the love of beauty and God's outstanding achievements. However, Tang De's acquisition of the registered beauty capital of only 3 million yuan has become a major event.

The acquisition of Tang Tak film is really "spell".

According to the regulations on the management of major assets reorganization of listed companies, one of the following conditions is to constitute a major asset reorganization, which is 50% of the total assets of the acquisition price or the underlying assets of the acquisition company, and that of the listed company's total assets is more than 50%.

Net assets 50% and above 50 million yuan.

At the end of 2015, the total assets and net assets of Tang Tae film were 1 billion 480 million yuan and 870 million yuan respectively. Its acquisition of 51% shares of Amy God started at a price of 740 million yuan or 435 million yuan, even if the lower value of the company was valued at 850 million yuan.

From 3 million yuan to 850 million yuan, it can only be realized only by "assessment". In this world, there is such a good thing. There is no "bottom line" valuation, there is no merger and reorganization of "bottom line" and "integrity", and the letter of concern from the Shenzhen stock exchange is taken for granted.

However, how to restore the rationality of the valuation and how it can "straw" be "golden" may be a real effort.

Without the bottom line, Fan Bingbing was just a latecomer.

Prior to this, Huayi Brothers acquired 756 million yuan in Dongyang 70% stake in the vast market, 1 billion 50 million yuan acquisition of 70% stake in Feng Xiaogang's company, and the 1 billion 80 million acquisition of the storm technology 1 billion 80 million stake in the straw bear film industry. All these are the cases of listed companies acquiring star Holding Company.

Not only are families big, but families are super premium.

It was set up at the end of July last year, approved by the end of January this year, and the acquisition of Listed Companies in April was similar to that of Huayi Brothers' acquisition of the Feng Xiaogang company.

Therefore, for the listed companies to purchase super star Holding Company with super premium, everything is logical.

The question is, is it reasonable that the registered capital is only 3 million yuan, the valuation of Ai Mei Shen is 800 million yuan. Is that reasonable? Let alone the cash acquisition, and it is still the shareholders of the listed company to pay the bills. The question of its market interest pmission is also "logical".

Since the revision of the management measures of major assets reorganization of listed companies and the management method of acquisition of listed companies, the threshold of mergers and acquisitions has been greatly reduced, which has objectively created a restructure boom in the market and created a phenomenon of high premium mergers and acquisitions.

However, since it involves the capital market, there must be a "degree" for any behavior or important matter.

Perhaps Tang Tak's acquisition of Ai Mei Shen is to tie up its own interests with Fan Bingbing. But after the acquisition, Tang Tak film is the big shareholder of Ai Mei Shen. Fan Bingbing and other 1 million 500 thousand yuan "cash in" hundreds of millions of yuan, has long been full of money, even if the company of love beauty has gone bankrupt, and her interests have been protected, then it will be a feather for the listed companies and investors.

The reduction of the threshold of mergers and acquisitions is that regulators have opened a door for listed companies, but they have not closed a window, so there are many high premium mergers and acquisitions in the market, and some mergers and acquisitions have produced sequelae and have dragged down the performance of listed companies.

Therefore, how to guard against the occurrence of similar phenomena is a topic that regulators need to pay attention to.