The Research About Vanke's Strategy Of Equity Anti-takeover

In the corporate governance mechanism,equity is the primary content of corporate governance.In previous studies,more attention was paid to the behavior of large shareholders in encroaching on small and medium shareholders in the case of excessive concentration of company equity.From 2015,Vanke's equity battle,it is not difficult for us to find out that the most obvious change in Vanke is the dispute over the dominant power between the management of the company and the Baoneng Department caused by the change in shareholding,reflecting the difference between large,medium and small shareholders.The struggle for interests.Vanke adopted a decentralized shareholding structure to promote and maintain the development of Vanke in order to avoid the weakening of interests of major shareholders against other minority shareholders.Few companies will launch a massive hostile takeover bid.Therefore,Baoneng Group has made great efforts to acquire Vanke Group.The biggest reason for this is precisely the research direction of this thesis,that is,Vanke's extremely diversified shareholding structure.Potential investors have a chance.This case of disputes over shares reveals the problem of the unreasonable shareholding structure of some companies in China.The issues of enterprise equity structure and corporate governance reflected in the incident are also worth further investigation.Therefore,the acquisition of Vanke shares in the dispute Analysis of strategies can provide reference value for future research on anti-takeover strategies.This paper firstly introduces the background and significance of the research,probes into the views of domestic and overseas experts on Vanke's equity battle,and discusses the innovation points and shortcomings of this paper.Then carries on the brief introduction of the relevant companies for Vanke case,collects the related important information,narrates the important process after the incident,and describes the game relationship and does the and conflict analysis.In the process of specific case analysis,from the time process and cash flow two clues to comb at the same time,using relevant theoretical knowledge and combined with China's current legal background and market economy environment,analyze the operation process and strategy from the aspects of the acquirer and acquiree.Through the above detailed analysis,from the aspects of equity structure,corporate governance structure and anti-takeover measures,this paper discusses the selection of anti-takeover strategies.Finally,this paper makes a summary and discusses the implications of Vanke's anti-takeover cases,as well as provided certain reference value for China's listed companies in their anti-takeover strategies.