A Dialogue Involving Private Capital of RMB 200 Billion Yuan

Introduction: M&A trend is in full swing. After entering commercial M&A 2.0 era, how will Zhejiang enterprises give full play of themselves and plan for the future? On the Zhejiang Listed Companies M&A and Reorganization Promotion Meeting held on Dec. 13th, a dialogue involving the private capital of RMB 200 million Yuan was extremely eye-catching.

Zhejiang Listed Company M&A and Reorganization Promotion Meeting was grandly held at The Dragon Hotel Hangzhou on December 13th. Deputy Secretary of provincial party committee and deputy governor of Zhejiang Province Jun Che delivered the speech. Deputy Governor Congqiu Zhu chaired the meeting. Director of Provincial Financial Office Yanyun Zhang and the Secretary of Party Leadership Group of Provincial Financial Office Minzhe Ding, Director-general of Zhejiang Securities Regulatory Bureau Zongcheng Wang and leaders of other departments attended the meeting.

As Jun Che pointed out in the speech, list companies are the backbone of Zhejiang economy and the vanguard in the transformation and upgrading of Zhejiang economy. It has been the consistent important policy of Zhejiang provincial party committee and provincial government to speed up reform and development and support more enterprises to make IPO. Zhejiang will put the reform and development of the listed company in more prominent strategic position ,give more powerful policy support and create a more loose and favorable development environment to facilitate better and faster development of the listed companies.

▲Picture: Scene of the meeting

Yuemeng Chen, the Chairman of ZSVC, hosted M&A and Reorganization Experience Sharing and Special Discussion on the meeting and had wonderful dialogue with the Chairman of Zhengtai Group Cunhui Nan, the Chairman of Hengdian Group Yong’an Xu, the Chairman of Huace Media Group Yifang Zhao, the Chairman of Zhejiang Longsheng Weixiang Ruan, the Chairman of Dun’an Group Zifu Wu and other distinguished guests. The market value of the assets managed by the listed companies and the respective group owned by these distinguished guests plus the assets managed by ZSVC exceeded RMB 200 billion Yuan in value, hence the dialogue was also called the “dialogue involving the private capital of RMB 200 billion Yuan”.

▲Picture: M&A and Reorganization Experience Sharing and Special Discussion

During the dialogue, Chairman Yuemeng Chen raised questions on some hot M&A issues that had drawn wide attention in the industry: Why did Zhejiang Longsheng acquire the to-be-bankruptcy DyStar and enable it to make profit quickly? How did Huace expand TV and film industry through acquisition? ……Through in-depth analysis by the distinguished guests, it was realized that what behind these glamorous merger and acquisition performance was not merely high-efficient M&A strategies but also the deliberate logic of M&A.

▲Picture: The Special Discussion Chaired by Chairman Yuemeng Chen

During the dialogue, many distinguished guests emphasized the risk in M&A and reminded that the risk awareness shall be put on top priority in M&A. Only with sufficient risk awareness and preparation on dealing with risk can we achieve success in M&A.

Zhejiang Province Listed Company M&A and Reorganization Promotion Meeting was sponsored by Zhejiang Provincial Government. More than 300 enterprise representatives of listed companies in Zhejiang Province, intermediaries and relevant units and personnel attended the meeting. The meeting released ten representative cases for M&A and reorganization in Zhejiang Province and held the Kick-off Ceremony for five new M&A funds, including Zhejiang Province Investment and M&A League, Haijikang Medical Health M&A Fund and Guoxin Guotong Investment Fund. The listed companies and the M&A service agencies had project matchmaking meeting. The Co-founder and the Administrative President of ZSVC Mr. Yeyu Hua participated in the kicking off ceremony of the Medical Health Fund on behalf of ZSVC. Management Partner and CEO Mr. Xiangdong You participated in the special discussion on M&A fund operation and shared ZSVC’s strategic thoughts for the deliberate layout in the medical health industry.

▲Picture: Administrative President Yeyu Hua (second from right) is Participating in the Kicking-off Ceremony for the Newly Found M&A Fund

▲Picture: CEO (middle) is Participating in the Special Discussion of M&A Funds Operation