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2006年岁末,国美电器控股有限责任公司收购永乐(中国)销售有限责任公司的交易,至今仍备受业内人士关注。原因就在于,尽管“换股+现金”的形式形成了共计52亿元的收购对价,可谓总价不菲,但是,国美对永乐1股支付0.1736港元现金,实际只支付人民币4亿元左右,其余为发行新股换取,所以现金支出比例很小。同时,通过并购可从永乐得到的账面资产现值11亿元左右,
At the end of 2006, Gome’s purchase of the trading of Yongle (China) Sales Co., Ltd. is still subject to the concern of the insiders. The reason is that although the “convertible + cash” form formed a total of 5.2 billion acquisition price, can be described as a lot of money, but the country the United States on Paradise 1 shares paid 0.1736 Hong Kong dollars, the actual payment of only 400 million yuan Or so, the rest for the issuance of new shares in exchange, so a small proportion of cash expenditures. At the same time, the present value of book assets that can be obtained from Yongle through mergers and acquisitions is about 1.1 billion yuan,