| Hostile offer acquisition,as a new way to seize power,appeared in the capital market.With past offer different types,hostile takeover is the acquirers to offer the target company,and in the case of the board of directors of the target company strongly refused,still to gain control of target company for the purpose of the purchases.Due to the hostile takeover in the capital market in China has just started,financial regulators to hostile takeover regulation are lagging and blank,made a hostile bid in using process has been blocked.Guangzhou funds offer love building group,is China's capital market the first power case,on the basis of hostile takeover guangzhou fund as a financial institutions,because of its strong financial strength,suitable for to hostile takeover by offer way,but in the process of its bid,the two sides appear many disputes,because of the financial regulatory gaps and make the guangzhou fund normally offer can not be smoothly.Funds offer love,therefore,this article through to guangzhou construction group's analysis,the following conclusions: first,offer approval in advance the cause of the dispute on the one hand is to offer the particularity of contradiction with the necessity of holding financial license company prior approval,on the other hand because of supervised respectively the existence of the same transaction behavior,do not have a unified regulation,the lack of communication between regulatory problems.Second,launched a bid during the period of suspension,the main reason is that the suspension system and offer system also used there will be a contradiction,not applicable problems,for example,were suspended during the bid price is fair,etc.;Planning during the third,offer the material assets reorganization,the reason is that financial regulators lax supervision of anti-takeover measures,make the acquired exist restructuring,to counter the guangzhou fund normal offer.Finally,some Suggestions are given. |
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