Case Study On The Control Of CSG HOLDING CO.LTD By BAONENG Group

With the rapid development of the world economy and the globalization of the world economy,China's economy has also undergone rapid changes.Chinese enterprises have also grown rapidly under the impetus of the economy.Under the reform and development of the market economic system,they are good at operating companies.And the owner of capital is often not the same party.In order to allow the company to have a better development,the introduction of agency managers,the separation of ownership and control of the enterprise has also become a recognized business development model.Nowadays professional managers have also become a high-paying industry.Professional managers also record the results of their business operations and determine the salary level of professional managers.Professional managers hope to put the performance of the company in the first place during their term of office,reflecting their professional value,and shareholders want to seek their own interests as much as possible.At this time,the right to control becomes particularly important in the hands of the company.Whoever has the right to speak.In addition,under the background of capital turmoil in recent years,it has provided an excellent opportunity for the capital side to seek profits for high-quality listed companies,and the battle for control rights has also been frequently exposed by the media.Baoneng Department has attracted a lot of attention in recent years,and Baoneng Department has used Qianhai Life Insurance to increase the number of shares in the secondary market to frequently raise licenses for various high-quality entities.In particular,the competition between Baoneng Department and Vanke and Nanpo A is well-known.The literature that studies and analyzes the case of Baoneng and Wanke's control over control rights is not uncommon,and there are few literatures on Nanpo's case of Baoneng's control.This article is mainly based on the case of the control power struggle between Baoneng Department and Nanpo A,and from the perspective of management and capital(shareholders)to analyze the fight for control rights.This is also the innovation point of this paper.I hope the systematic study of this case will lead the public to think in more depth and become a case of education similar to that of a company.It will also provide reference for relevant departments to improve the law.This article uses the case study method,the literature survey method,the data analysis method,the expert consultation method,and the graph description method.As for the literature foreshadowing section,the earliest research literature on control rights was first summarized,then the literature on the control of capital control was elaborated.At the same time,relevant literature studies on management control over control rights were also elaborated.The literature on motivation for control concluded.Regarding the case description section,first of all,it introduced the basic conditions of the two main bodies,Nanpo A and Baoneng,followed by the process of control of the two main bodies,and Nanpo A's dispersion of equity structure plus A-shares.The stock market was sluggish,and the capital Fangbaoneng won the right to use sponsorships through Qianhai Life Insurance and Yu Shenghua's two major platforms.It successfully entered the board of directors,revised the Nanpo A's equity incentive plan,and delayed the recovery of stock incentives.The date of the stratum forced off the original senior management of the Nanpo A.Most of the newly appointed senior executives serve in the Pooneng Department.The Pooneng Department has substantial control over the Nanpo A and attempts to implement the mode of integration of production and financing.Changes in Nanpo A's original corporate strategic goals,and the preparation of Nanpo A as a company for comprehensive development,the contradictions have entered a white-hot trend;from the psychological level,the interest level,and the company's strategic level,it has analyzed the competition control of the southern slope A as the management team.The motives of power,from the low cost of competition,high rate of return,strategic intentions,and cultural inertia,analyze the power of the power of the capital as a power to compete for control.With regard to the impact of control,the share price was affected,leading to a decline in the company's profitability and social influence.The securities department also made relevant reactions.With regard to the conclusions and inspirations,it is concluded that the control over contention is more harmful than profit,and the need for control rights to compete is taken away;the revelation from the four aspects is that companies should be cautious in the proportion of diluted equity structures,maintain a good performance status,and set up voting.The ceiling of power and the establishment of effective communication channels.