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Shanghai Stock Exchange: major restructuring there is a problem such as high valuation of shell On the third China M & A Summit Forum held in Foshan on Thursday, Gu Bin, Executive Director of Shanghai Stock Exchange Stock Market Center, pointed out in the M & A and restructuring remarks that some problems have emerged in these years. These issues are also the ones that the SFC has always wanted to regulate And contain some of the negative factors, mainly related to overvalued, speculation shell, the interests of the delivery and market value management of the four major issues. Gu Bin pointed out: "The valuation of the listed mergers and acquisitions in recent years is on the rise year-on-year." According to a set of data he shows, from 2012 to 2016, the valuation of A-share reorganization targets rises 998% from 201% The performance on the financial statements of the company is that the goodwill keeps increasing. The total goodwill of the 2016 Annual Report is estimated to be nearly 1 trillion. This also hides the hidden dangers of the listed companies in their future operations. Some public-listed companies make excessive biddings, The value thus affects the net profit of the listed company ". The second issue is "speculation shell", Gu Bin said the shell has been the focus of regulatory control, "the shell value over the years rising, the restructuring of the backdoor to strengthen some of the audit and supervision, including the exchange and the Commission Third, to prevent the transfer of benefits, transfer of interests of related shareholders and related executives, there are some assault stocks to be regulated; fourth is the means of market value management, if there are some conditions do not have to hit The banner of the management of the value of the market as a key defense as well. " In addition to the above four major issues, Gu also pointed out that there are some major problems with information disclosure in the major restructuring. One is the omission of important information. For example, there are some important clauses of transactions, transaction prices, affiliations and the underlying assets Key information missing "; the second is the lack of effective information," the performance of the business and business model disclosure is not in place, for some of the revenue process of risk disclosure is not enough "; the third is" financial information disclosure is relatively simple, while there are some programs The document is very rough. " In review and approval of the plan for major reorganization, Gu Bin summarized the key points of regulatory supervision as "the structure of the transaction and the mode of payment, with special attention paid to valuation and performance compensation, with special attention to the rationality of a high valuation and high goodwill value ; For the object of the subscription, to penetrate and whether the impact of the company's control; for the underlying assets, one is to see whether the characteristics of the industry is related to the listed company, the second is whether the business model is associated with ownership of assets, surprise shares and Accounting for the risk, there is the entire business of compliance issues. " In addition, Gu Bin also pointed out that in cross-border M & A, there are some special regulatory requirements: the acquisition of capital sources, how to transfer control, the disclosure of local geo-information problems exist and the overseas shareholders have split costs Issue, as well as the examination and approval of foreign government departments must pay attention to the issue.
Shanghai Stock Exchange: major restructuring there is a problem such as high valuation of shell On the third China M & A Summit Forum held in Foshan on Thursday, Gu Bin, Executive Director of Shanghai Stock Exchange Stock Market Center, pointed out in the M & A and restructuring remarks that some problems have emerged in these years. These issues are also the ones that the SFC has always wanted to regulate And contain some of the negative factors, mainly related to overvalued, speculation shell, the interests of the delivery and market value management of the four major issues. Gu Bin pointed out: "The valuation of the listed mergers and acquisitions in recent years is on the rise year-on-year." According to a set of data he shows, from 2012 to 2016, the valuation of A-share reorganization targets rises 998% from 201% The performance on the financial statements of the company is that the goodwill keeps increasing. The total goodwill of the 2016 Annual Report is estimated to be nearly 1 trillion. This also hides the hidden dangers of the listed companies in their future operations. Some public-listed companies make excessive biddings, The value thus affects the net profit of the listed company ". The second issue is "speculation shell", Gu Bin said the shell has been the focus of regulatory control, "the shell value over the years rising, the restructuring of the backdoor to strengthen some of the audit and supervision, including the exchange and the Commission Third, to prevent the transfer of benefits, transfer of interests of related shareholders and related executives, there are some assault stocks to be regulated; fourth is the means of market value management, if there are some conditions do not have to hit The banner of the management of the value of the market as a key defense as well. " In addition to the above four major issues, Gu also pointed out that there are some major problems with information disclosure in the major restructuring. One is the omission of important information. For example, there are some important clauses of transactions, transaction prices, affiliations and the underlying assets Key information missing "; the second is the lack of effective information," the performance of the business and business model disclosure is not in place, for some of the revenue process of risk disclosure is not enough "; the third is" financial information disclosure is relatively simple, while there are some programs The document is very rough. " In review and approval of the plan for major reorganization, Gu Bin summarized the key points of regulatory supervision as "the structure of the transaction and the mode of payment, with special attention paid to valuation and performance compensation, with special attention to the rationality of a high valuation and high goodwill value ; For the object of the subscription, to penetrate and whether the impact of the company's control; for the underlying assets, one is to see whether the characteristics of the industry is related to the listed company, the second is whether the business model is associated with ownership of assets, surprise shares and Accounting for the risk, there is the entire business of compliance issues. " In addition, Gu Bin also pointed out that in cross-border M & A, there are some special regulatory requirements: the acquisition of capital sources, how to transfer control, the disclosure of local geo-information problems exist and the overseas shareholders have split costs Issue, as well as the examination and approval of foreign government departments must pay attention to the issue.
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WILMAR INTL (F34)
WILMAR INTL (F34)
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StarHub Ltd. Weekly update
StarHub Ltd. Weekly update
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GENTING SING (G13)
GENTING SING (G13)
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stock update
SGX STOCKS UPDATE FIRST RESOURCES.
SGX STOCKS UPDATE FIRST RESOURCES.
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Forum
Forum
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Starhub acquire 51% stake in cyber security firm.
Starhub acquire 51% stake in cyber security firm.
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- KLSE, SGX and Forex Signals
- KLSE, SGX and Forex Signals
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The endurance of O&G fabricators may depend on greater amalgamation.Calls for greater consolidation in Malaysia’s oil and gas (O&G) industry are definitely not new, as two consecutive top antiques of Petroliam Nasional Bhd (Petronas) have compelled for mergers and hostile takeovers in the industry to “ride out of the storm”.

Read more here: http://www.777trades.com/blog/og-segments-riding-out-the-surge/
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Crude Oil Rate Pressure Key Support.
Crude Oil Rate Pressure Key Support.
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