Distribution of Benefits - Cases of Benefit Distribution in Chinese Listed Companies

Author: Sun Xucai
Publisher:
Publish Date: 2006-05-01
Features: This book explains the distribution of interests from aspects such as dividend distribution, MBO (Management Buy-Out), stock options, employee stock ownership plans, and debt restructuring. We originally intended to present to everyone a benign and resource-optimizing interest distribution mechanism, as well as an interest allocation market that upholds principles and allows for survival of the fittest. However, in this book, despite some cases that we hold in high regard, what is more prominently presented are scenes of opportunistic exploitation and chaotic disputes. This is not intentional on our part, but rather because whether we carefully select or casually choose, most cases are of this nature. Those revered as executors use astonishingly bold moves to divide state assets to the fullest extent, which is what is called "management buy-out." Those esteemed as major shareholders employ dazzling capital operations to seize the hard-earned money of small and medium shareholders, which is the real story behind some "high dividend payout" schemes.