Study On The Financial Effect Of Additional Assets Into The Listed Company Private-

With the Chinese economy booming development of China’s major listed companies desire to pursue bigger and stronger it is becoming increasingly evident. The enhanced strength of the company, to expand the size of the company is inseparable from the company’s refinancing behavior. In 2005, China adopted the split share structure reform, since the private placement has its inevitable superiority, it has gradually become a listed company’s most important refinancing. Private placement has many advantages, such as pricing flexibility, low conditions of issue, the amount of freedom to raise funds. In addition, through a private placement, the major shareholder can own good assets into the listed company, the company’s overall market and the introduction of strategic investors, either for public or large shareholder, the private placement is undoubtedly an excellent fund-raising mode. However, the assets into the private placement can not be ignored but it has drawbacks, because the equity ratio of the change, old and new shareholders will have the resources reallocated, which shareholders have the opportunity to make control by way of private placement to benefit themselves transport, to the detriment of the interests of small shareholders. At the same time, because of our rules and regulations related to the private placement is not perfect, it has created favorable environment for the benefit of the objective transport behavior of major shareholders.To further understand the private placement to raise funds this way, many scholars have studied them. For this question scholars tend to focus on the effect of announcement of private placement or discount phenomenon, but often overlooked phenomenon may exist in the private placement of transfer of benefits, so this article focuses on the benefits that may arise in the course of private placement delivery problems.Research methods mainly theoretical analysis and case analysis, whether there is injected into the process of transfer of benefits that the phenomenon studied by the major shareholder in the private placement of assets, and the economic consequences it may have caused...