Case Study Of Vanke Equity Dispute

In recent years,with the overcapacity in China,the increase in operating costs and the continuous decline in economic growth,the industry's profits have decreased and investment risks have increased.At the same time,the insurance market is well-funded and eager to seek quality assets.In 2015,many insurance companies represented by Qianhai Life Insurance company and Guohua Life Insurance company has frequently published their acquiring record for stocks of listed companies in the secondary market.The insurance licensing funds in the entire market exceeded RMB 100 billion.This incident of Vanke equity has undoubtedly become the focus of attention in the capital market.During this process,it revealed that China's capital market is immature,financial regulations are not perfect,and the defects of Chinese companies in corporate governance are brought to us.The valuable experience and lessons are coming,and the next equity dispute may also happen at any time.Well,we should learn from it more,draw lessons,and reflect on it.Therefore,this article will take the case of dispute of Vanke equity as the research object.First of all,on the basis of collecting and collating data,we briefly introduce the basic situation of the parties involved in this equity dispute and the specific processes that take place.Secondly,a detailed analysis was made on the reasons why Vanke became the target company that was acquired,and found that its business performance was good and that it could effectively integrate the resources of both parties;long-term value was underestimated,and high return on investment and dispersed equity structure could be obtained,and the purpose of acquisition was easy to become The important reason for the target company.Afterwards,Vanke analyzed in the course of its disclosure of the problems of overtime service of the board of directors,the company's business partner system,and the information disclosure of the asset management plan.Again,reviewing this equity event,it was found to have impacted Vanke's operating conditions to a certain extent,but also optimized the ownership structure of Vanke.For small and medium investors,the shareholders' rights and interests in all aspects were damaged and they were urged to be more active.The exercise of power and protection of rights and interests;for the entire capital market,to promote the formation of a more standardized,healthy market,and strengthen people's awareness of respect for rules and respect for the law.Finally,on the basis of the foregoing analysis,we conclude that the company's internal governance needs to establish a reasonable ownership structure,improve the independent director system.In terms of external governance,it improved the management methods for the acquisition of listed companies,improved the channels for rights protection of small and medium shareholders,and allowed the market to effectively regulate and regulate the operation and development.