A Case Study On The Return Of The Giant Network Privatization To The A Stock Market

In recent years,influenced by the underestimation of the market value of the company and the malicious organization of the null organization,the Chinese enterprises that had listed overseas have begun to reflect.,when domestic capital market financing activities are carried out like a raging fire,in this context,many overseas listed China enterprises choose to return to the domestic capital market,and began to set off a private return in 2010.After completing the privatization delisting of the New York stock exchange,the giant network successfully returned to the domestic A share market.The giant network has gone through the complete process of listing,privatization,delisting and re listing,so it is worth studying.Based on reviewing previous literature and combining with the actual situation of giant network,this paper analyzes the return of giant network to A share market by case analysis.First of all,the privatization of the return of A shares market motivation,companies in the stock market downturn,the giant network market is undervalued,through privatisation and adjust the strategic planning direction for the future development of the entire layout,after privatization can reduce the agency costs and generate tax saving effect,small and medium-sized shareholders collective action,making diversified investment strategy the company is blocked Secondly,privatization is going to return to A share market risk.The giant network needs to experience privatization,delisting VIE structure risk and return to A share market risk before returning to the domestic capital market smoothly.Thirdly,privatization is going to return to the A share market strategy.The giant network chooses privatization to withdraw from the market at the right time.In the process of privatization,we should reasonably establish privatization price,and actively introduce external investors,so as to achieve the successful return of domestic A share market.Finally,the giant network has achieved good results after returning to the A stock market.This paper aims to analyze the causes,risk and return of stock market A strategy of giant network of private to other preparations and has started the privatization of the overseas listed Chinese enterprises provide a reference,Chinese overseas listed enterprises want to successfully return to the domestic capital market need to choose their own regression strategy combined with their own actual situation,all kinds of risk identification regression in the process of.It also hopes to enhance the confidence of the privatization return to the enterprise through the introduction of the effect of the giant network to the domestic A stock market.At the same time,the majority of enterprises and investors to be rational privatization delisting,the relevant state departments to improve the relevant laws and regulations and the capital market system,to protect the interests of small shareholders,to create a good financing environment,guide the related quality of overseas listed enterprises Chinese return to the domestic capital market,and promote the sustained and healthy economic development in China...