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Replay Abou Nike Air Force one mode: take the road to merger integration issues that need to pay attention [i = s] more posts by HowNet to edit 2014-5-22 23:58 [/ i] more HowNet May 22 news, as yet submitted 2012 financial statements, has experienced a lot of twists Nike Air Max and turns Abou official delisting on Nike Shox the NYSE to enter the OTCBB (OTC transaction, namely the Pink Sheets). For China's education industry practitioners Nike Air Max 2015 Men and relevant Womens Nike Lunar Hyperdunk Low investment Nike Air Max 2014 Women institutions, AMB is undoubtedlyNike Air Max 2013 (Womens) a typical case: a means of purely financial acquisitions, packaging market, the final and had to withdraw from the market. Behind this case, what can bring enlightenment industry? Let's look at the past five years, AMB has experienced what: Abou educationNike Air Max 2015 Women founded in 1999, initially mainly for network rollout business education platform, completed several rounds of financing. 2007 to Nike Shoes 2010, in order to 'lifelong learning' concept, AMB Air Max for Men started merger nationwide, from vocational education and training institutions to K12, to the full-time school, a long chain. M \u0026 A, Abou generally choose the top three local training institutions, a prerequisite for negotiations is 'half cash and half shares, listed together', due to the dispersion of education and training industry, many regional institutions difficult scale development. That time, after New Oriental market, soaring stock prices, the founders of these institutions, they will undoubtedly have considerable allure. Until September 30, 2010, AMB acquired nearly 30 cases at a cost of over 1.4 billion yuan. 2010 AMB listed stocks good market fundamentals, the stock climbed to $ 14 a share, but in 2011, as the crisis takes stock AMB shares fell to around Lebron James Shoes $ 8. May 2012, AMB announced that due to the adjustment of software sales revenue recognition and bad debts, can not be scheduled to submit annual reports, stock prices have fallen sharply; in July 2012, AMB Q1 Quarterly Bulletin revealed that the growth rate fell sharply its vocational education, at the same time, took only eight months of CFO departure, the stock dropped to around $ 2. Air Jordan Outlet After the Nike Air Max 2014 Men share Nike Air Max 2013 Women price diving, along with the integration of the acquisitions to Abou huge crisis began to emerge, the first away from the Beijing headquarters of Hunan begins. Changsha AMB acquired with lNike Air Max 2012 Women Lake Nike Air Max 2015 Women school founder, long Shaya Wong Hing Estate Development Co., Ltd. and the media broke the news: 'The acquisition of AMB is a fraud.' According to Wong and presentation, AMB Property signed an agreement with the Asia-order 'Half Cash + half stock' to acquire the same l Lake School. Abou commitment, IPO listing can achieve 3 to 5 times the premium value of the stock held by Wong and the hands will reach 250 million to 4.2 billion. According to the SEC's commitments under purchase-and AMB, depositary receipts in 180 days after the end of the lock after the listing of shares can be converted to free trade. Wang Zhong and said that after the lock-up period, the conversion of Abou ignored his request, not Air Max foradidas Crazyquick Women to apply. In early 2012, Abou education stock has been $ 2.3 / share fluctuates around, which further stimulated the 'packaged' regional institutions founder. In Wong Nike Air Jordan and, for example, the equivalent of the original value of 83.88 million yuan of stock market value had fallen to 18 million yuan. Assets shrink, while also expanding both conflicts - Wang Zhong and said that the agreement, Asia-home to retain 30% of the bid to host school, but in fact he entered the school, AMB has Nike Shoes Global been banned. In early 2013, Abou education suffered a lawsuit, Nike Air Max 2014 Women litigation the financial fraud of US investors. But Abou obviously do not pay attention to these: Huang Gang, vice president of AMB Group, the media, said:. WomensNike Air Max 2013 Men Nike LeBron X 'These schools go broke, and little Abou brand integration relationship do make some AMB merger integration team to leave, Jingcai the founder of their official team has withdrawn the AMB. You sold me 100 percent, Air Jordan Heels Nike Air Max 2013 and I would like to change Nike Air Max 2013 V Women anything to change anything. '2012, AMB doubts on the outside Nike Basketball are no longer respond to, and does Womens Nike Zoom Hyperflight PRM not disclose financial figures. In early 2013, AMB shares fell below $ 1, on the verge of delisting. Abou major shareholder is three fund Macquarie, GLAsia and Avenue, holding more than half. Among the pile of investment funds to maximize the benefits of the approach, the stock price rose after the exit of the secondary market. And one of the consequences of AMB shares plunge triggered by institutional shareholders and management is the contradiction between the increasingly prominent, only the later series of the game. AMB's model certainly nowhere it? Not by acquisition of high-quality regional bodies bigger and stronger, in the education and training industry is not a dead end. Huang Gang also told the media table over, AMB's example is Procter \u0026 Gamble. Procter \u0026 Gamble's model, brand parent strong enough on its various sub-brands to provide Nike Air Maxsupport brands and systems, so that different levels of brand long industry chain, are able to under the umbrella of P \u0026 G's own development. In the education sector, this model can be replicated. So, the problem lies in where? First, the education and training industry, shaping a brand, build their brand, re[censurado]tion, influence the formation, we need a few years now, the industry-recognized national brand of education, and only one of New Oriental. As a short history of the brand, the parent brand Abou education in the Area was acquired institutions, such as Hunan Province, it is a weak brand, its influence is far weaker than the acquired Cheap Nike Free Outlet sub-brands. Unable to provide the parent brand endorsement, and effective management system, is the 'Abou model' suffered the first threshold. In addition, Abou education also forced to leave the original founders of the acquired institution institution within 18 months (or to the group office, but taking into account regional reasons, less likely), education is highly dependent on the managers of the industry, an area Gene and operating-type institutions, by the founder of profound influence, the founder of the exodus, itself will make an institution unrest. Moreover, the stock price fell, the founders looked at all their net worth shrink ninety percent, it is difficult to accept, so only extreme way by the media, litigation, to recover the equity. (More HowNet Wang Yujia) |
