Research On The Pricing Issues Of Non-listed Companies’ Equity Transferring

With China’s booming domestic capital markets, mergers and acquisitions have become increasingly frequent, non-listed companies in M & A activity has gradually become dazzling protagonist. Corporate equity transfer pricing is reasonable for the success of M & A activity plays an important role, but also the close relationship between the normative market operation and good market order maintenance. Valuation of non-listed corporate equity is the core process of mergers and acquisitions, equity transfer pricing is the most important basis. As China’s non-listed companies in addition to the stock market, differences in access, transparency, environmental accounting, capital market liquidity and other aspects of information, listed companies and Western countries there is a big gap between the value of the equity transfer is difficult to find a reasonable the reference to the market, the equity transfer pricing become more complex, making its share transfer pricing method to some extent different from the traditional listed companies. Explore non-listed corporate equity transfer pricing methods with Chinese characteristics, and accurate business valuation, contribute to the orderly flow of millions of SMEs in equity, to enhance the overall strength of enterprises, realization of China’s multi-level capital market development, meaning far-reaching.Our scholars for non-listed company transfer pricing is not much. Firstly, domestic and foreign enterprises through equity transfer pricing and business valuation of the equity transfer and other related literature study, a clear non-listed corporate equity valuation types and introduces the traditional corporate equity transfer pricing methods, combined with the characteristics of non-listed companies, learn traditional corporate equity valuation method, discussed the method of valuation for the equity transfer of non-listed companies, namely asset approach and income approach. Secondly, the research results of the previous integration of the specific case, the description of the transfer of ownership of non-listed companies in the basic process of pricing. Then select from the rationality of the equity transfer pricing methods, and to assess the suitability of the level of fair value of corporate equity valuation methods angles evaluated the pricing scheme. Concluded, and hope that our joint efforts to advance the study of Chinese characteristics unlisted corporate equity transfer pricing system, and with international practice.Based on the above ideas, the following conclusions can be drawn from this study: to assess the price of our method is the most non-listed companies use the equity transferpricing methods; market approach in our non-listed company transfer pricing applications have great difficulty; income method in our country non-listed company transfer pricing applications more good than harm. This article also how to avoid the same time limit the application of the equity transfer pricing methods, to better serve the equity transfer of non-listed companies and mergers and acquisitions. Put forward their own proposals.