9/5/2023 0 Comments Sandra orlow nude ebago![]() This is made possible through a simple process through a public listing, a Chinese company taps into U.S. Then, majority owners take the company private at a significantly cheaper valuation, squeezing minority investors out at a named price thanks to the power of majority in a vote. Shortly after, the company relists back home in China, at a much higher valuation but without adding real value in the form of products or assets, leaving executives with a big windfall. While the companies are listed in the U.S, they are classified as Foreign Private Insurers (FPIs), subject to regulation by their home country’s exchange and not by the SEC. FPIs are also exempt from corporate governance practices by which most publicly listed domestic firms must comply, including a requirement to host annual shareholder meetings. That said, if investors could prove in court that they were cheated out of their true shareholding, consequences for said companies could be catastrophic.
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