Greenland Group’ Overall Listing Of Case Studies

After the third plenary session of the eighteen, a new round of reform of state-owned enterprises begins, and one direction of the reform is to promote overall listing of state-owned enterprises, introduce social capital and implement the mixed ownership. Before, due to historical reasons, our country enterprises mostly adopt the spin off listing mode, however, the disadvantages of this mode is also increasingly obvious. The overall listing can make company to keep itself independent, reducing related transactions with related parties. Through integration of the business, the overall listing can effectively avoid horizontal competition and produce synergies. After overall listing into the securities market, Large state-owned enterprises bring new vitality, and conducive to the steady development of securities market. The overall listing can effectively avoid the problems resulting from spin off listing.With the support of the state-owned assets supervision and administration commission of Shanghai. Greenland group plan to implement overall listing into A share market via reverse merge Jinfeng investment. In March, jinfeng investment published the project of assets restructuring, which includes asset replacement and issuing shares to buy assets. The deal has been examined and passed by the meeting of shareholders, and be approvaled by relevant administrative departments. Once restructuring, Greenland group will probably be the most valuable real estate enterprise.In the essay, it combines theory and case. In the part of case study, it analyzes mainly the trading process, methods, significance, and draws lessons from the overall listing of Greenland group. This essay has two main contributions. On the one hand, it has comprehensive analysis about the theory of overall listing, and summarizes characteristics of every overall listing model. On the other hand, this article selects Green group reverse merger as case analysis, which has some reference value to the current reform of state-owned enterprises.