本文關(guān)鍵詞：騰達公司上市前期方案研究　出處：《中南大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 騰達公司 房地產(chǎn)開發(fā)企業(yè) 上市目的地 上市方案

【摘要】：在中國內(nèi)地出臺了一系列對房地產(chǎn)市場的調(diào)控措施之后,內(nèi)地房地產(chǎn)民營企業(yè)的境內(nèi)融資受阻,境內(nèi)房地產(chǎn)開發(fā)企業(yè)紛紛把融資目光轉(zhuǎn)向境外,騰達公司作為一家處于高速發(fā)展時期且經(jīng)營狀況良好的內(nèi)地民營房地產(chǎn)開發(fā)企業(yè),急需大量的外部資金作為發(fā)展的支持,故同樣將目光轉(zhuǎn)向了境外資本市場。 本文以騰達公司為研究對象,結(jié)合騰達公司的實際情況、運用上市目的地選擇、不同目的地上市對上市公司的影響理論對其進行分析,確定了騰達公司最優(yōu)的上市目的地和上市模式為香港IPO,又運用上市時機選擇理論對騰達公司上市時機的選擇進行分析,認(rèn)為騰達公司需要自身處于高速發(fā)展階段、擁有較高土地儲備、成長性良好且擁有相對清晰和明確商業(yè)模式和市場定位的時候選擇交易活躍的市場時機上市,會獲得較高的市場估值。最后運用于行業(yè)內(nèi)樣本公司和可比公司的對比分析,確定了騰達公司成功發(fā)行上市所必須改進的障礙和發(fā)行前一年必須要達到的關(guān)鍵目標(biāo)：合同銷售金額要達到100億元人民幣以上、凈利潤至少超過10億元人民幣,年均增長率超過60%,同時土地儲備保持合理增長。 本文的研究方法和結(jié)論不僅可以作為騰達公司上市選擇的指導(dǎo),還可為有意上市融資的中國內(nèi)地民營房地產(chǎn)開發(fā)企業(yè)提供參考。
[Abstract]:Following a series of measures to regulate the real estate market in mainland China, the domestic financing of private real estate enterprises in mainland China has been blocked, and domestic real estate development enterprises have turned their attention to financing overseas. As a private real estate development enterprise in the period of high speed development and good management, Tengda Company is in urgent need of a large amount of external funds to support its development, so it has also turned its attention to the overseas capital market. This article takes Tengda Company as the research object, combines the actual situation of Tengda Company, uses the listed destination choice, the different destination listing to the listed company's influence theory to carry on the analysis to it. The optimal destination and mode of listing of Tengda Company are determined as Hong Kong IPO, and the choice of listing opportunity of Tengda Company is analyzed by using the theory of timing of listing. The author thinks that Tengda needs to be in the high development stage of its own, has a high land reserve, good growth and has relatively clear and clear business model and market positioning when the choice of active trading market time to be listed. High market valuation will be obtained. Finally, the comparative analysis of sample companies and comparable companies in the industry will be applied. The obstacles to the successful listing of Tengda Company and the key goal to be achieved one year before the issuance are determined: the amount of contract sales should reach more than 10 billion yuan. Net profit of at least 1 billion yuan, an annual growth rate of more than 60 percent, while the land reserve to maintain a reasonable growth. The research methods and conclusions of this paper can not only be used as the guidance of listing choice of Tengda Company, but also can provide reference for private real estate development enterprises in mainland China that are interested in listing and financing.
【學(xué)位授予單位】：中南大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F299.233.4

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