analysis of the listed companies is the compulsory acquisition system（分析上市公司的强制性采集系统）.doc

Analysis of the listed companies is the compulsory acquisition system Abstract compulsory acquisition of listed companies is to safeguard the company’s acquisition of the interests of minority shareholders and the establishment of a system in the specification acquisition of listed companies, to protect the interests of minority shareholders, the maintenance of the stability of the securities market plays an important role. Paper Keywords compulsory acquisition of listed companies exemption A listed company to compulsorily acquire legislative reasons. Listed companies to compulsorily acquire the purpose of legislation is to protect the interests of minority shareholders, constrained behavior of the controlling shareholder, but not all countries have adopted the system, mainly popular in Western Europe and the Commonwealth countries. Decide whether to adopt the system of compulsory acquisition depends primarily on shareholders’ rights and obligations awareness and legislation as well as a reasonable understanding of the transfer of shares of the controlling shareholder of the premium income. The traditional view is generally believed that the shareholders of the company’s only obligation to make capital contributions, apart from other obligations, nor the rights and obligations of shareholders between at all, the shareholders of the free exercise of shareholders’ rights, without any constraints With the continuous development of the company practice , the traditional view has been seriously affected, controlling shareholders control of the company position to damage the interests of the company, the largest shareholder of using its dominant position to the detriment of minority shareholders phenomenon occurs frequently. then appeared to shareholders, in particular, is the largest shareholder of the new understanding of the rights and obligations of that the freedom of transfer of shares is not absolute, subject to certain limitations, is the major