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连续并购是指同一家企业在一段时间内完成大量并购的行为。有观点认为,连续并购可以帮助企业实现迅速扩张从而提升业绩。然而,沃森生物2015年巨亏8亿元却让投资人大跌眼镜。本文以沃森生物为研究对象,从沃森生物财务巨亏的现实出发,介绍沃森生物连续并购的历程,分析沃森生物连续并购的绩效情况,尝试归纳其并购绩效低下的原因。本文对沃森生物连续并购的研究是对我国创业板并购现象的研究是一个很好的补充。
Continuous acquisition refers to the same company in a period of time to complete a large number of mergers and acquisitions. The view is that continuous mergers and acquisitions can help companies achieve rapid expansion to enhance performance. However, Watson’s biological giant loss of 800 million yuan in 2015, but let investors stunned. This article takes Watson’s biology as the research object, starting from the reality of Watson’s huge financial loss, introduces Watson’s history of continuous M & A, analyzes the performance of Watson’s biological continuous M & A and tries to summarize the reason of its low performance. This article on Watson biological continuous M & A research on the phenomenon of China’s GEM M & A is a good supplement.