Study On The Influencing Factors And Strategic Effect Of Bona Film’s Privatization And Delisting

Since 2010,Chinese companies listed overseas have experienced an unprecedented crisis of financial trust in major capital markets such as the United States,which directly started the climax of privatization and delisting of Chinese concept stocks.By the end of 2018,the total value of Chinese concept share privatization transactions has reached $46.6 billion,involving167 Chinese concept share companies,including private film companies like bona film.Why do Chinese companies,which have had a hard time listing overseas,want to leave overseas capital markets? What’s the problem? What measures and attitudes should the government,enterprises and investors take? All these questions are worth discussing in depth.So this article will be almost shares perspective focuses on the privatization of the delisting related issues,using bona film information and financial data analysis as the influence factors of any shares in privatised delisting and privatization strategy effect,for the good development of Chinese enterprises listed overseas and the domestic capital market benign circulation supplement better suggestion.This paper takes the privatization and delisting of bona film in the United States as the analysis background,and delves into the influencing factors and strategic effects of this action.Bona film was formally founded in 2003,when private culture communication company in our country is not much,but after continuous operation and development in the company,bona film on nasdaq in 2010,is China’s first successful listing of private film company in the United States,but in the six years later,in early 2016 officially retired from the nasdaq in the United States.In this context,the bona film privatisation delisted as the starting point of this research and analysis,in that the company’s basic situation,equity structure,the overall development strategy and other information,at the same time described the whole process of the privatization delisting bona film and then focus on analysis the factors affecting the delisting of privatisation,and lists the privatization delisting strategic effect to itself.This series of analysis can make a good demonstration effect for the majority of companies in the same industry,but also can increase the private film and television companies in this aspect of the case study.Foreign scholars have a lot of theoretical experience in studying privatization and delisting,but there are very few studies on Chinese concept stocks.The prosperity of foreign capital market is totally different from that of China.The idea of an overseas listing sproutedin 2000,with the rise of us Internet companies and the large-scale privatisation of Chinese companies over the past decade.Compared with foreign countries,there are many literatures about privatization and delisting of Chinese concept stocks in China,but most of them are news reports about privatization and delisting of Chinese concept stocks by some media,or financial analysis of privatization and delisting of some well-known Chinese concept stocks.There are basically no cases involving privatization and delisting of private film and television companies.This paper introduces the background of the privatization and delisting of bona film.It went on to detail the state of bona film and a series of privatisations and delisting.At last,relevant data of bona film company were used to refine the internal and external factors behind its delisting and summarize the impact of this strategic return.Finally,the paper puts forward some feasible Suggestions to enterprises,government and investors.