Statistics quoted by the domestic media show that in the past four years, A-share listed companies suffered a “big round”, as many as 491 companies changed control, an average of every 3 days there is a listed company “change of ownership”, and shows a year-on-year growth trend. Among them, state-owned capital is the most important buyer, the year before last as much as 60% of the owner of the company changed hands to state-owned capital.
Data show that China’s state-owned capital crazy sweep A-share listed companies equity, mainly local state-owned, control changed hands into state-owned statistics (has completed the transfer), 16 in 2018, 34 in 2019 from private enterprises into state-owned enterprises, and 2019 more accounted for the number of private enterprises changed hands in the year 60%, 40 in 2020, accounting for 51.95% of private enterprises changed hands.
State-owned capital not only in the local sweep, but also around, Guangdong, Shandong, Zhejiang, Jiangxi’s state-owned capital across the provinces, the country’s big hunting companies. State capital hunting means, there are agreements on equity transfer, bulk transactions, but also part of the acquisition from the secondary market, these state capital in the acquisition of control, will be through the agreement to transfer and voting rights in the form of proxy, the control of the company transferred to the hands of local governments. These listed companies control change of ownership to state capital, almost always the majority shareholder “sell” assets, and state capital “pick up” to become the boss.
The company’s main business is to provide a wide range of services and services to the public. Since 2019, not only the financing has become stricter, but also the downward pressure on the economy has intensified the liquidity crisis of private companies, resulting in a record number of changes of control.
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