Research On The Causes And Consequences Of The Transfer Of Reverse Interests Of The Major Shareholders Of Huasu Holdings

Under the background that the capital market supervision system is not enough to protect the interests of small and medium-sized shareholders,it is not uncommon for major shareholders to transfer the interests of listed companies.With the constant changes in the capital market,the way of transporting benefits has also been continuously updated,showing a trend of more and more concealment.The early means of transferring benefits often showed that large shareholders “short-cut” listed companies,such as major shareholders,through the sale of goods,provision of labor,capital loans,asset leasing and other means of asset transfer.However,in today's capital market,there has also been a “support” behavior of major shareholders on listed companies,as the majority shareholder “free” “donated” cash or quality assets to listed companies.Generally speaking,the “donation” behavior in the capital market is often not a free gift in the true sense,but has a certain purpose.The purpose of such "donations" is often to make further short-selling in the future,so it can be called reverse interest transfer.This paper selects the event of “donating” the investment in the capital market to Huasu Holdings as a research case,collecting the information disclosed by Huasu Holdings and its related parties,and using case study method to study and analyze the incident.The research results show that the case is not a free donation,but a reverse interest transfer behavior.This paper introduces the implementation methods of case events in detail,analyzes the substance,motivation and consequences of the incident,and makes recommendations:(1)The listed company should balance the relationship between the delisting and the continued good management;(2)Small and medium-sized Shareholders should look at the essence through phenomena and should not be deceived by the surface of various events occurring in the capital market;(3)Relevant departments should make clearer and stricter restrictions on donations and voluntary donations in the capital market in the future.Distinguish and supervise.