• <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: 成人免费视频69| 色妞妞www精品视频| 欧美日韩国产精品自在自线| 国语free性xxxxxhd| 亚洲综合第一区| 92国产精品午夜福利免费| 波多野结衣作品大全| 在打烊后仅剩两人接档泡面番| 亚洲综合伊人久久大杳蕉| a在线免费观看视频| 毛片手机在线观看| 国产精品欧美福利久久| 亚洲国产理论片在线播放| 拍拍拍无挡免费视频网站| 樱花草在线社区www| 国产好吊妞视频在线观看 | 国产精品毛片va一区二区三区| 亚洲日韩亚洲另类激情文学| 两个人看的www免费| 日韩美一区二区| 国产一国产a一级毛片| 三级在线看中文字幕完整版| 男女抽搐动态图| 国产肝交视频在线观看| 国产成人yy免费视频| 久久人人爽人人爽人人片av高请| 色综合久久加勒比高清88| 性欧美午夜高清在线观看| 人人爽天天爽夜夜爽曰| 2022年亚洲午夜一区二区福利| 日韩视频在线播放| 国产一区二区三区不卡在线观看| 一边摸边吃奶边做爽动态| 波多野结衣和邻居老人公| 国产精品乱子乱XXXX| 久久九九国产精品怡红院| 精品国产美女福利到在线不卡| 夜夜嗨AV一区二区三区| 亚洲sss综合天堂久久久| 花季传媒app下载免费观看大全| 小兔子好大从衣服里跳出来 |