Vanke's Management Plan For Corporate Control Against Hostile Takeovers

Since the split share structure reform in our country,the capital market has developed rapidly.listed companies have certain advantages in many aspects such as financing channels,brand effect,negotiation bargaining power,etc.therefore,in view of the frequent occurrence of mergers and acquisitions of listed companies,it is hoped that the rapid development of the company can be realized through mergers and acquisitions.at the same time,it is hoped that after the completion of mergers and acquisitions,the synergy between the two sides in management and finance can be maximized and the comprehensive competitiveness of enterprises can be improved.As for the target companies that are not willing to merge,the corresponding listed companies are also actively taking measures to safeguard the company's control rights.As for the corresponding strategies adopted in the face of hostile mergers and acquisitions,foreign scholars have studied more,applied them in practice and gradually perfected them.Due to the differences between China's capital market and foreign countries in many aspects and the Chinese characteristics in laws and regulations,many foreign anti-hostile merger and acquisition strategies cannot fully adapt to the domestic actual situation.Taking the dispute of Vanke as an example,aims at the status and existing problems of the domestic listed companies maintaining control right in the face of malicious mergers and acquisitions,and formulating some strategies and measures around the protection of the right to control,in order to protect and transfer the control rights of the listed companies even more under the premise of protecting the legitimate interests of the listed companies.Legal compliance will further promote the sustained and healthy development of the domestic capital market.First of all,after introducing the theory of M & A and control,this paper introduces and analyzes the contention events of the control right of Vanke,and gives a comprehensive introduction of the control contention from the background,the outline of the parties,the process and so on.At the same time,the causes of contention events are analyzed in detail,including two aspects,internal and external causes.Secondly,the research on Vanke's control scheme facing hostile takeovers is launched.This paper introduces the scheme of Vanke's current anti maliciously M & A,analyzes the place which needs to be perfected,and puts forward some alternatives around the protection of control rights.Through the design,evaluation,selection and other programs designation process,the direction of further strengthening the control right maintenance of Vanke joint stock company is preliminarily confirmed.Thirdly,aiming at the design proposal of Vanke's control rights maintenance proposed before,it puts forward relevant safeguard measures.From the company strategy,to improve the anti maliciously M & a emergency mechanism,to improve the ownership structure,to promote the employee stock ownership plan,and to pay attention to the trend of the small and medium shareholders,we hope to achieve the purpose of further improvement of the maintenance measures of the company's control rights.Finally,in order to further standardize the M & A and M & A of Listed Companies in China,in view of the current situation that the relevant laws and regulations are not perfect in this area,this paper puts forward some suggestions from the aspects of specifying special laws,strengthening M & A and anti M & A measures and exploring the pilot of dual ownership structure.Mergers and acquisitions in domestic capital markets are more orderly.