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Research On The Performance Of The Spin-off Of Suzhou Stock

Posted on:2021-01-14Degree:MasterType:Thesis
Country:ChinaCandidate:T XiaFull Text:PDF
GTID:2439330620977767Subject:Accounting
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The spin-off and listing of western developed countries has developed very early because of its early start,and it has already continuously raised funds for development through the spin-off and listing.As economic globalization continues to advance,China actively learns from the experience of developed countries and promotes economic development and capital market construction.However,due to China's national conditions and the characteristics of economic development,there are many factors to consider in the spin-off of the main board,and the restrictions are also very strict.Relatively speaking,spin-off and listing on the New Third Board is easier.After the reform and opening up,Chuangyuan Technology successfully listed on the main board market earlier,and split its holding subsidiary Su Su shares into the New Third Board for listing.This successful case has certain research value.This article selects the case where Su Sha shares are listed on the New Third Board spin-off,and studies the impact of the spin-off on the development of subsidiaries of the group company,such as whether it is beneficial to the increase of the subsidiary's corporate value and operating efficiency? What aspects should the group companies pay attention to in the future spin-off and listing?This article firstly discusses the related concepts and theories related to the spin-off listing by referring to the relevant literatures on spin-off listing at home and abroad over the years.Secondly,we will introduce the preparations made by Su Axis before the listing on the New Third Board and the process of listing on the New Third Board.Finally,the commonly used financial performance and other indicators are used to analyze and study the operation status and future development situation of Su Axis after the stock split.It was found that the spin-off and listing had an overall positive effect on the subsidiaries of the group,and the value of the group company and its subsidiaries increased significantly.By studying the subsidiary Su Sha shares on the New Third Board spin-off and listing,this article obtains some enlightenment:(1)After the spin-off listing,Su Sha shares can obtain funds from multiple parties,and companies use these funds to continuously expand production to improve their own production.scale.(2)After the company is split and listed,it must have a complete management organization and meet the standard assessment mechanism.(3)If the company wants to develop in the long term after the spin-off,it must invest a lot of money in research and development to improve its research and development capabilities.
Keywords/Search Tags:Suzhou Bearings Factory Co.,Ltd., Spin-off, financial performance
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