August_Industry Review｜Poly M&A Strategy Series(Chinese)

Porui's M&A Financing Strategy: Creating a King of M&A Profitability and Prying Taiwan's CDMO Strategy into Opportunity Growth

An analysis of Porui's M&A financing strategy reveals that, as shown in Figure 2, Porui's M&A financing is based on the following four approaches: syndicated loans, convertible bonds, free capital, and stock exchange strategies, such as "borrowing and syndication" or joining hands with a private equity fund to invest; issuing convertible bonds; free capital or retained earnings of the company; and a value-based stock exchange, etc., in order to raise M&A start-up capital and repay a portion of the acquisition capital through the expected future revenues of the target company. A portion of the acquisition proceeds will be repaid on a yearly basis through the expected future revenue of the target company.