The Research Of The Motivation And Economic Consequences Of Introducing Foreign Strategic Investors In Private Placement

Since the development of the securities market in China, listed companies used to refinance through several public offering methods like additional issues, rights issues and convertible bonds. After the split share structure reform, the operating process of private placement is becoming more simple and lower barriers to entry, so it is widely recognized by the market and becoming the main refinance mode of China’s capital market. Can this mode of equity refinancing not only to meet the demand of the company’s capital, but also realize asset injection, assets reorganization and the introduction of domestic and overseas investors, etc.With the development of equity division reform, introducing foreign strategic investors is becoming an important action of development to listed companies. Foreign investors began to equity investment of enterprises of our country. At first, they focus on the banking industry in our country, several well-known banks has successively introduced foreign strategic investors. Along with our country listed companies consider the introduction of foreign investors continue to increase, the discussion on this topic is increasing. What is the purpose of the introduction of foreign investors? Can Foreign strategic investors really improve the operating performance of listed companies? Can Foreign strategic investors improve the level of operations management? Based on the research background, I would, in the form of case analysis to research the motivation and economic consequences of Qingdao haier, which had introduced KKR(Luxembourg) in private placement. I want to provide certain reference and basis for the private listed companies in China.Firstly, this article expounds the directional issuance, overseas strategic investors about the related theoretical analysis, secondly, this article introduced the case of Qingdao haier. On this basis, this article deeply analyzed the orientation before the issuance of operating and financial conditions, development strategy, summed up the the introduction of foreign strategic investors to participate in the purchase of motivation. Finally, from the company business performance, governance structure, the company’s investment and financing, I would to analyze the behavior consider the introduction of foreign strategic investors for the economic consequences of the company by comparing the economic consequences of relevant inspiration and motivation.