Research On The Performance Of Property Service Spin-Off And Listing Of Real Estate Companies

The rapid development and blind expansion of the real estate industry in previou s years have led to nowadays' oversupply of estate,the cold winter of the real estate industry seems to be coming.Although the real estate industry is depression,Property management industry,one branch of estate industry,is keeping rapid development and expansion in a special way.Colorfulhome,an property management company belonging to Fantasia Holdings,got to the public after splitting from his parent company and his value catch up with and surpass his parent company only in three days,which appear other estate company to follow it.However,the history of Equity Carve-outs in China is still short,and there are little case for us to learn from.In addition,there are many types of enterprises in China,as well as the way to public.Can the Equity Carve-outs really bring positive effects to real estate companies as expected? How does the Equity Carve-outs affect enterprises? Those all need us to explore.The case selected for the paper is Justbon split from BRC to list three new boards,which is the third case of property company split from real estate company to list to the public.But Justbon choose to list three new boards,which is different from the company before.Therefore Justbon's case should give some reference for those small and medium-sized enterprise in property industry.In the case study of Justbon,the research background of this paper is first explained,and the domestic and foreign research on spin-off and listing is reviewed,so as to summarize the current research status of spin-off and listing.Secondly,through the description of the current situation of the property industry,the motivation of the real estate spin-off property listing and the expected spin-off effect are introduced,also the characteristics of this case in the selection of business model and listing method are introduced.Finally,based on the case of Justbon,the parent-subsidiary performance is analyzed in the financial position and operating situation,conclude that performance for spin off listing reflects positive both in financial status and operating conditions.At the end of the paper,the author puts forward some Suggestions for companies that want to spin off and listing.