Analysis On The Motivation And Performance Of Privatization Delisting Of Chinese Stock

At the beginning of the 21 st century,my country’s securities market had very strict listing rules and systems.Many companies preparing to go public were rejected.These companies could not get the required funds in the domestic market and chose the path of overseas listing.The shares issued by these Chinese companies are called China Concept Stocks,or China Concept Stocks for short.In 2010,China’s concept stocks began to struggle in the overseas capital market,and the opportunities for obtaining financing gradually decreased,and the difficulty increased correspondingly,hindering the development and growth of enterprises.Since 2012,China Concept Stocks have started the privatization process.What is the real purpose of the company? Does this behavior really promote the development and growth of the company? In order to solve the above problems,this article selects the case of the mobile game,its motivation for privatization,performance after delisting,and return The Hong Kong stock market was analyzed.On the basis of existing domestic and foreign research,combined with relevant theories,taking the CMGE company,one of the leaders in the domestic mobile game industry,analyzes the motivations of its privatization and delisting and compares the companies before and after the delisting.Performance.After the privatization and delisting,through the analysis of the financial and non-financial effects of CMGE,the use of financial indicator research methods found that the profitability,solvency and operating capabilities have significantly improved after the return.Then it analyzes the company’s choice of Hong Kong stocks to list the motivations and advantages.Based on four theories,this article analyzes the motives of the privatization and delisting of CMGE and the performance impact of privatization and delisting.The successful privatization and delisting of CMGE has a rich reference for other Chinese concept stocks.Value,I hope to provide some reference for others,and provide some reference for Chinese concept stock companies that are looking forward to privatization and delisting in the future.