Foreign media said that Chinese stocks all routines every major reorganization of the stock will ris-pork face

Foreign media said that Chinese stocks "all routines": every major reorganization of the stock will rise data map: August 15th, investors in Hangzhou securities business hall concerned about the stock market quotations. Foreign media said Chinese stock "is routine: every major reorganization of the stock will rise, reference news network September 3 news media said, despite the acquisition of common sense suggests that once the acquisition plan, seek the acquirer’s stock is likely to fall, but in the Chinese market is happening on the contrary. According to Bloomberg News reported on September 2nd, show a China 20 of the largest transaction data collected by the agency, in the past year, revealed to be the "major reorganization" (in China means potential acquisitions, mergers and acquisitions) the average monthly price increase of 31%. In the United States, the same news, will lead to stock prices fell by 4%. Reported that, for many concerns, such as the management will pay the excessive acquisition costs, excessive growth targets or trust aspiring to dilute the shares held by shareholders of the way to provide funds for the acquisition plan, developed market traders tend to sell the stock acquisition of enterprises. In China, the proportion of retail investors on the stock market is high. Despite the lack of evidence that regulators crack down on misleading acquisitions and the long-term benefits of acquiring firms, people bet that acquisitions will produce expected results. In charge of the week before consulting business China Meritor company responsible for all that Chinese investors attitude is that if a company intends to make acquisitions, it will make money". He is now running a financial consulting firm in Beijing. Retail investors generally pay close attention to what other people want them to believe." In China, most of the mergers and acquisitions are followed by the same routine. One company said it planned to make a major reshuffle and the company’s shares were suspended. A few weeks later, the company disclosed more details, stocks resume trading, most of the stock prices rose. The report says all this is not an ordinary takeover. Last year, 7 of China’s 20 largest transactions were reverse acquisitions, also known as backdoor listing. These transactions usually involve a listed company issuing shares to absorb the assets of a larger company. According to Samson Lo, the head of Asia’s merger and acquisition in Hongkong, UBS said that some acquiring company’s stock prices were rising, and there was some truth. Samson Lo said that compared with domestic investment, Chinese companies often obtain higher value from foreign acquisitions and gain overseas earnings to maintain or improve their existing valuations. In May, China appliance manufacturers U.S. group announced a majority stake in German robot maker KUKA company offer. A month after that, Midea’s shares rose by 13%. Under the deal, the Midea Group is committed to upgrading the plant and reducing labor costs. By the end of next year, revenue will increase by 20%. It’s a big risk to buy stocks because of mergers and acquisitions. In the past year, only 7 of China’s 20 largest transactions have been completed so far. At the same time, the China Securities Regulatory Commission has raised concerns about false acquisition plans and insider trading. On June, the regulatory authorities

外媒称中国人炒股“全是套路”:逢重大改组股票必涨 资料图:8月15日,股民在杭州一证券营业厅关注股市行情。   外媒称中国人炒股“全是套路”:逢重大改组股票必涨   参考消息网9月3日报道 外媒称,尽管并购常识表明,一旦收购计划泄露,寻求收购方的股价很可能会下跌,可是在中国市场上正发生着恰好相反的事情。   据彭博新闻社9月2日报道,该社收集的、关于中国规模最大的20笔交易的数据显示,在过去一年中透露将进行“重大改组”(在中国意味着并购)的潜在收购企业,其股价平均单月涨幅为31%。而在美国,发布同样消息后,会导致股价下跌4%。   报道称,出于诸多担忧,比如管理层将过多支付收购费用、过度信任雄心勃勃的增长目标或以稀释股东所持股份的方式为收购计划提供资金等,发达市场的交易者一般会卖出收购企业的股票。在中国,股市上散户比例较高。尽管监管层打击误导性收购信息以及收购企业将长期获益的证据不足,可是人们赌,收购交易将产生预期结果。   美驰咨询公司负责中国业务的前主管周凡说,中国投资者的态度是,“如果一家公司打算进行收购交易,那么必然将赚钱”。他如今经营着北京的一家金融咨询公司盛金资本。“散户一般会密切关注他人有意让他们相信的事情。”   报道称,在中国,大多数并购交易的宣布都遵循着相同套路。一公司称,计划进行“重大改组”,公司股票停牌。几周后,该公司透露更多详情,股票复牌,股价多半上涨。   报道称,此类消息宣布后,并非全都是普通收购。去年,中国规模最大的20笔交易中,有7笔是反向收购,又称借壳上市。这些交易通常涉及一家上市公司发行股票,以吸收一家规模更大的公司的资产。   监管机构出手   据瑞银集团驻香港的亚洲并购负责人萨姆森・罗说,一些收购公司的股价上涨,有一定道理。萨姆森・罗说,比起在国内投资,中国公司常常从对外收购中获得更高的价值,获得海外收益以维持或提高其现有估值。   5月,中国家电制造商美的集团宣布要约收购德国机器人制造商库卡公司的多数股份。在此之后一个月,美的集团的股价上涨了13%。在该交易下,美的集团致力于升级厂房,削减劳动力成本。预计到明年年底,其收益将提高20%。   报道称,因为并购消息而买入股票有很大的风险。在过去一年中,中国20笔最大交易中仅有7笔迄今已完成。同时,中国证券监督管理委员会提出了担忧,担心虚假的收购计划及内幕交易。6月,监管部门公布管理办法草案,作为试图确保公司声明真实性的部分努力。   散户抢购   报道称,就连债务违约公司在宣布“重大重组”后,其股价都上涨。大约一年前,当总部设在中国东部城市南京的船舶制造商江苏舜天船舶有限公司宣布股票停牌时,它有超过8亿元的债务违约。该公司于7月复牌,在披露通过定向增发股票来购买资产的计划后,其股价在四周内上涨了23%。该公司在8月的好几份文件中说,它仍有破产风险,而且该交易需得到政府批准。   就像世界任何其他地方一样,对中国的收购计划下赌注面临监管风险。7月,天津天海投资发展股份有限公司发表声明称,计划收购总部设在加利福尼亚州的IT分销商英迈国际,之后5天内,天海投资公司股价飙升了61%。有报道称,在此项收购通过反垄断调查后,天海投资股价一度涨停。   恒生资本管理有限公司的基金经理戴明说:“散户因为并购故事而抢购股票,其中许多故事都未成真。”戴明说,随着监管部门加紧监管,宣布收购计划后上涨的股价,其涨幅很可能将有所减缓。(编译 胡婧)   来源:参考消息网 进入【新浪财经股吧】讨论相关的主题文章: