The SKK Media Controlling Shareholder's Capital Occupancy Case Study

In China's capital market,the controlling shareholder's capital occupancy is a very serious problem,especially the new three board listed companies in recent years,the controlling shareholder with its status in the company,gradually eating away at the capital of the company.New three board market is an important component of the multi-level capital market,in service since the end of 2013 to expand the pilot innovative,entrepreneurial,growth of small and medium-sized enterprises play an important role,become a service economy,increasing the proportion of direct financing,important channel to expand investment channels.With the expansion of market scale,some listed enterprises and intermediary agencies have exposed some problems in information disclosure and market transaction,which seriously affected the development of new third board standard.In this thesis,through analysis of SKK company controlling shareholder capital takes up events,combined with the related theory,discusses the characteristics of the new three board listed companies as well as the characteristics of the controlling shareholder capital takes up behavior what effect,the controlling shareholder's capital takes up behavior can cause what consequences,and put forward the corresponding rectification opinions for the problems.Analysis found that,from the perspective of internal control internal imbalances,high ownership concentration and company management does not work,will be the controlling shareholder capital takes up positive impact on behavior;The lack of external supervision of the company will further promote the capital appropriation of controlling shareholders.Through the amway's study found that the controlling shareholder capital takes up behavior will infringe on the interests of minority shareholders,small and medium-sized shareholders and intensified the contradiction between large shareholders and frequent changes to the company's management,affect the company's cohesion,a sharp drop in the number of employees,a large number of brain drain,ultimately affect the normal operation of the company.At the same time,the controlling shareholder's capital takes up behavior can also affect the company's financial risk,the company in all kinds of data show that the controlling shareholders occupy huge sum funds of the company this behaviour before disclosure to the company's debt paying ability and operation ability have a negative impact,and after the disclosure would be for the company's debt paying ability,operation ability,profit ability and development ability to have a negative impact.At the end of this thesis,in view of the company,put forward the corresponding rectification opinions include new three board threshold ascension,strengthen internal control,strengthen the accuracy of the external audit,strengthening the external supervision and penalties,and strengthen the legal consciousness of the top.