Fund Layout Gem Small Companies Harvest Big Dividends

< p > > a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107105" > gem < /a > the past 3 years of the acquisition process of light assets company has made fund managers gradually realize the reverse logic of layout, that is, those who have the single business, the smaller scale and the weaker risk resisting capability will have the strongest willingness to buy and purchase, and the listed companies will get a new profit growth point through asset merger and acquisition.

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< p > the reality of light assets company's single business and small volume is bringing some reverse investment logic to fund managers.

Because of their weak ability to resist risks, such companies often reduce their operational risks through diversified and mixed operations. At the same time, the characteristics and market environment of these light assets companies also make them want to be bigger and stronger through mergers and acquisitions.

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< p > fund managers have noticed that cross-border mergers and acquisitions have become a common path for mergers and acquisitions of GEM companies in the past 3 years.

The early listing of Huayi Brothers, Hua CE films, light media and other companies are almost exclusively single business companies.

But over the next few years, these companies began to diversifying.

Take Huayi Brothers as an example, this early business single film company has expanded its business from film business to TV series, music, mobile games, cinema investment, theme parks and so on.

In 2010, when the TV drama business was first listed in China, its business mode was not only highly dependent on the TV market, but also the scale of the TV drama business was very small. This made the film and TV company expand its impulse to get rid of the single business and do two aspects in a large scale. Its expansion in copyright business, cinema and mobile games was understood by some funds to break through a single mode, while the M & a company of the M & A interfirm company was satisfied with its large-scale demand.

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< p > to get rid of the single business mode, do large-scale and enhance the ability to resist risks has obviously become the only way to develop the majority of gem, < a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107107" > light assets company < /a >, and this phenomenon is not only confined to the film and television industry.

Observing the blue cursor merger process of Huabao Xingye heavy duty can further show the urgency of the diversified development of the current marketing communication companies.

The blue cursor at the early stage of the listing is just a single PR company. However, in the following major mergers and acquisitions, the blue cursor has almost targeted the advertising industry. Advertising accounts for an increasing proportion in the blue cursor industry. Diversification has also increased the company's ability to resist risks.

At the same time, some acquisitions of Huabao Xingye's provincial broad stock also point to the integration of the upstream and downstream industries chain.

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< p > affected by the logic of this investment, the 25 million member of the marketing communication section of China's friendship marketing letter was bought by more than 25 million yuan yesterday by the 3 agencies. This indicates that the Organization recognizes that the single business and small size companies make use of the capital market to develop diversified businesses and make large scale demand. This has even become a reverse logic of fund managers' acquisition and reorganization.

It is worth mentioning that, in the light asset culture sector of the gem, two new companies, including the new culture and the company, are highly dependent on the single business companies of the TV series. Not only that, the company's own TV play business is also very small. In some fund managers, such companies can be understood as start-ups. Such companies have low risk appetite and strong willingness to acquire.

This logic is also applicable to some hand games and Internet Co, which will become a major strategy for fund managers to restructure their shares.

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< p > it is obvious that the demand of "a href=" http://news.sjfzxm.com/news/list.aspx Classid=101112107108 "> /a company > /a" to build the whole industry chain mode directly stimulates the merger and acquisition expansion of related companies. Especially in the current market environment, the rapid development of large text companies has become a mainstream strategy through mergers and acquisitions.

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