• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    The Privatization Of Hong Kong Stock From Alibaba

    2014/11/13 17:49:00 14

    AlibabaHong Kong StocksPrivatization

    On Monday, Alibaba shares rose 4% to "double 11", hitting the highest value of $119.45 in the session, and for the first time, the market value exceeded $300 billion.

    Since landing on the NYSE, Alibaba has risen by more than 70%.

    In contrast to 2007, Alibaba listed in Hongkong also led to investor madness, and then was privatized in 2012.

    In 2007, just as Hongkong's Hang Seng index was at its peak, the Hong Kong stock market ushered in Alibaba and investor sentiment was in a frenzy.

    During the public offering period of several days, the freezing funds amounted to HK $450 billion and oversubscribed more than 257 times.

    In terms of international placement, Alibaba has attracted over HK $14000, subscribing to over 1000 institutional investors and oversubscribing 186 times.

    At the beginning of the Alibaba trading, the share price soared two times, and the volume was huge, which almost led to the collapse of the trading system.

    In those days, Alibaba had forecast earnings per share at 112 times in 2007, but on the first day of its forecast, the price earnings ratio increased to 325 times.

    Unfortunately, the good times are not long.

    The "Hong Kong stock through train" that had passed the heat did not start. In the past year, the global financial tsunami has also ushered in, and Hong Kong stocks plunged more than 50%.

    Alibaba lost more than $20 billion in value, plunging 91% from its peak in November 30, 2007 to its low level in October 28, 2008.

    In 2012, Alibaba group decided to privatize Alibaba listed for five years, and proposed that the price of HK $13.5 should be used to repurchase shares from shareholders.

    At that time, many Chinese and foreign media telephoned the author, the first question was: "Wen Tian Na, how do you see the antecedents and consequences of Ali's privatization? Is it fair?"

    Someone once said,

    Alibaba

    In the five years of listing, it used billions of dollars of interest free loans from shareholders.

    However, if shareholders do not agree to buy back, they may vote against it.

    If privatization can not be passed eventually, the stock price will return to its original form, which will have risks for minority shareholders.

    at that time

    Privatization

    At the same time, the market has already pointed out that privatization is to solve the problem of equity ownership with YAHOO.

    At the same time, in order to facilitate the future listing of the group as a whole.

    In addition, due to the purchase price, the rights of minority shareholders have also attracted much attention.

    The Alibaba after the resumption of trading has risen 42.7% before the announcement of privatization, which is close to the privatization price.

    Privatization of listed companies is not uncommon in the Hongkong market.

    Usually when the market is not ideal, enterprises will consider privatization.

    The main cause is usually

    Price of stock

    The downturn is even lower than net asset value, and turnover is low for a long time, securities lose financing function, listing is meaningless and so on.

    If the market is booming and the share price is high, the privatization of enterprises will not be approved by the small shareholders and the cost will be high.

    In addition to the above characteristics, the privatized enterprises usually have the characteristics of high cash level and holding more than 50% of the single largest shareholder.

    In addition, some enterprises may feel that the prospects are very beautiful, the public can not understand, or even there is an extreme situation, that is, they are unwilling to share the future dividends with the public, so they can be privatized.

    Of course, the integration of the enterprise itself and the parent company group is also an important consideration.

    There are also some listed companies that pfer their assets to large shareholders through low prices, so that listed entities are still on the market, but important assets have been pferred and privatized curves.

    Of course, some enterprises, like Alibaba, are going to make a comeback after they are privatized.

    In addition, there are also some listed companies because the stock price can not reflect the value of assets. The majority shareholders are really interested in the minority shareholders, and hope to be listed again in the future.

    However, there are not many such cases.

    On the contrary, like Alibaba, most of the assets of the listed company will be split or reorganized.

    From the privatization process, generally speaking, privatization is usually put forward by the controlling shareholders. YISHION cash or securities have the option of cash and buy shares to other small shareholders.

    If privatization is successful, the listed company will apply to the stock exchange for cancellation of listing status.


    • Related reading

    U.S. Stock Market Earnings Forecast Over The Bull Market Will Continue

    Industry stock market
    |
    2014/11/12 13:17:00
    27

    The 2500 Point Is Nothing But A Hot Potato.

    Industry stock market
    |
    2014/11/12 12:37:00
    36

    Xinhua Jin: 6 Million 270 Thousand Sell 75% Stake In Loss Textile Company

    Industry stock market
    |
    2014/11/12 10:57:00
    29

    The Logic Behind The 35 Year Bull Market In Global Stock Markets

    Industry stock market
    |
    2014/11/11 13:27:00
    16

    Li Xunlei: Structural Bull Market Remains Unchanged

    Industry stock market
    |
    2014/11/11 12:27:00
    19
    Read the next article

    Economic Policy: "Change To Zero" After "Camp Changed To Increase"

    On the basis of continuing to advance the &#34 and changing the camp to &#34, the closing of the business tax will make room for the reform of a series of new local taxes. Among them, the Levy of retail tax on consumption tax may be the main way to make up for &#34, to increase &#34 and to reduce local income.

    主站蜘蛛池模板: 韩国三级日本三级香港三级黄| 亚洲中文字幕无码中文字在线| 一区二区三区欧美日韩| 美女叫男人吻她的尿口道视频| 日本18xxx| 国产av人人夜夜澡人人爽麻豆| 久久久久久久99精品国产片| 一级片免费观看| 韩国女主播一区二区| 日韩不卡手机视频在线观看| 国产午夜福利精品一区二区三区| 久久天天躁狠狠躁夜夜爽| 你懂得视频在线观看| 波多野结衣cesd—819| 性xxxxx大片免费视频| 八区精品色欲人妻综合网| www视频免费看| 永久域名在线观看视频| 国产精品酒店视频| 亚洲精品欧洲精品| 91精品国产91久久| 波多野结衣中文字幕视频| 国内精品久久久久影院蜜芽| 人人干人人干人人干| 99久久精品免费看国产一区二区三区 | 国产伦理一区二区| 久草免费手机视频| 试看120秒做受小视频免费| 日韩中文字幕在线视频| 国产一区二区在线视频播放| 久久久久波多野结衣高潮| 高清日本无a区| 日韩精品中文字幕无码专区| 国产欧美日产中文| 乱人伦中文字幕在线| 免费观看黄色的网站| 日本免费人成黄页在线观看视频| 又黄又爽又色又刺激的视频| 中文字幕一精品亚洲无线一区| 老熟女高潮一区二区三区| 好爽快点使劲深点好紧视频|