Research On The Potential Benefits Conveying Behavior In Private Placement

After the reform of the equity split,the distribution of directional rights has been the preferred option for public corporations to refinance since the lower threshold and the looser administrative constraints.However,since the legal system of our country is still not good enough,the shares of a public corporation are still relatively focused,and the majority shareholder of a public corporation has the motive and opportunity to do so in the course of a targeted issue,and the interests of the minority shareholders are likely to be damaged in the process.Therefore,it is of great significance to analyze and study the benefit distribution of large shareholders in targeted placement,and it is of great significance to China's stable economic growth and good capital development.This article analyzes the motives,methods and results of benefit transfer of the listed company Bo Yiong Investment in the process of private placement,and restores the entire process of the interest transfer of the listed company in the private placement.the aim is to provide some reference for the improvement of China's legal system and investment decisions of small and medium shareholders.Through the analysis we found that the transfer of benefits subject Besides being the controlling shareholder of the party,you can have multi-party subscribers affiliated;when a listed company to change corporate restructuring and controlling shareholder through private placement,the new controlling shareholder is likely to collude,in the interests of the private placement during the delivery,by cash exit after unlocking period;the way with the Commission on the refinancing behavior increasingly stringent corporate governance,large shareholders interests of transport of non-public offering richer.