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The Legal Regulation Of Connected Transaction In Listed Company's Asset-restructuring

Posted on:2008-02-16Degree:MasterType:Thesis
Country:ChinaCandidate:Z G ChenFull Text:PDF
GTID:2166360215957337Subject:Law
Abstract/Summary:PDF Full Text Request
With the end of the reform of non-tradable shares and the arrival of the era of stock circulation, China's listed companies are bound up with the tide of asset-restructuring. In the unfairly connected transactions of listed companies' asset-restructuring, major shareholders or potential major shareholders greatly damage the interests of small shareholders and undermining China's stock market operation rules. From this it is necessary to study the system of legal regulation to promote the healthy development of China's stock market. This paper mainly includes the following four parts.In the first part, the author definite the asset-restructuring of listed companies' connected transactions from the point of view of economics and law, and study the nature of the connected transactions.The second part is the status and main types of connected transaction in the listed companies 'asset-restructuring. With the arrival of the era of stock circulation, the asset-restructuring of listed companies will be surged and intensified. The connected transaction of listed companies' asset-restructuring has many types, which include debt restructuring, mergers and acquisitions, the transfer of bad loans and others.The third part is the analysis of major problems in the connected transaction in listed companies' asset-restructuring. The connected transaction in listed companies' asset-restructuring becomes the main profit manipulation tools of listed companies, and the main tool seeking illegal profits and earnings of the main shareholder, and information disclose in the connected transaction in the listed companies' asset-restructuring which is not standardized.The fourth part focuses on legal regulation of connected transaction in listed companies' asset-restructuring. This part is divided into three sections. Section one analyze three legislative evolution stages of connected transaction in listed companies' asset-restructuring; Section two is the internal legal regulation of connected transaction in listed companies' asset-restructuring, to improve connected shareholder vote excluded from the system, category shareholder resolutions of the general assembly, a system to limit the voting rights of connected shareholders, the independent directors, and other assembly; Section three is external legal regulation on connected transaction in listed company's asset-restructuring. From strictly related transaction disclosure system and strengthen supervision of providing services agencies in the connected transaction in listed companies' asset-restructuring and perfect the regulatory system and other mechanisms to protect the rights and interests of minority shareholders aspects to study.
Keywords/Search Tags:Listed Companies, the Listed Company's Asset-restructuring, Connected Transactions, Legal Regulation
PDF Full Text Request
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