| Popis: |
The public companies in Taiwan, either profit companies confronting the bottleneck of growth or loss companies facing the financial deficit or operating dilemma, recently conduct private placement of securities in droves for fundraising. The research revealed that a company conducted private placement for business transformation would consider the fact in connection with its incentive as follows: lower issue cost and quick time effectiveness, reducing the information asymmetric, easy to negotiate the term sheet, confronting financial deficit or operating dilemma, M&A or alliance intention, lower stock price performance and seeking stable right of management. The key success factor of private placement is choosing the right private placee. We need to carefully evaluate the status, purpose, fund source of the private placee. The research use the case company to see how the company conduct its business transformation through the private placement system. The fund raising from the private placement and value-added by the strategy investor could bring a company being reborn through the moment of business transformation. The research also brought up some suggestion to protect the right of shareholders. |
