上市公司资产重组需把控好三个核心环节

Core Viewpoint - The surge in asset restructuring among listed companies in China is notable, with 1,493 companies disclosing 1,984 merger and acquisition plans in the first half of the year, including 102 major asset restructurings, representing a year-on-year increase of 121.74% [1] Group 1: Asset Valuation - Accurate asset valuation is crucial for uncovering long-term value during restructuring, requiring companies to consider core technologies, market prospects, and profit potential to create a scientific valuation plan [2] - Companies should utilize various valuation methods such as market, income, and cost approaches, and may engage independent third-party valuation firms to ensure objective and precise assessments [2] Group 2: Risk Control - Companies must establish an efficient risk warning and response mechanism to address potential risks from policy, market, and financial changes during restructuring [4] - It is essential to monitor policy trends and market changes, conduct thorough legal compliance reviews, and perform comprehensive due diligence to identify financial risks [4] Group 3: Integration and Synergy - Successful asset restructuring requires deep integration rather than mere addition, aiming for "1+1>2" synergy through efficient business collaboration, management optimization, and cultural integration [5] - Companies should streamline inefficient operations, clarify responsibilities, and enhance communication to foster a cohesive corporate culture and improve operational efficiency [5] - Setting phased goals and conducting regular evaluations can help companies adjust strategies and steadily advance integration efforts to realize synergistic benefits [5]