Advances in Economics, Management and Political Sciences

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Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 71 , 18 January 2024


Open Access | Article

Motivation and Performance of the Spin-off Listing of Shengyi Technology

Weiqi Zhang * 1
1 Tianjin Foreign Studies University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 71, 311-316
Published 18 January 2024. © 18 January 2024 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Weiqi Zhang. Motivation and Performance of the Spin-off Listing of Shengyi Technology. AEMPS (2024) Vol. 71: 311-316. DOI: 10.54254/2754-1169/71/20241548.

Abstract

China Securities Regulatory Commission issued “Several Provisions on the Pilot Project of domestic listing of the spin-off subsidiaries of listed companies” in December, 2019, which was an important milestone for capital market in China. Before this provision was released, domestic listed companies who planned to conduct equity carve-out had to go list on Foreign Exchange. Since Shengyi Technology was the first listed parent company conducting equity carve-out after the announcement, citing the spin-off listing of Shengyi Technology as an example may enrich the research on the equity carve-out in China and provide suggestions for companies with similar plans. This paper adopts case study method, briefly summarizing the results of the current liteture and then analyzing the motivation and financial performance of Shengyi Technology. Then, this study draws a conclusion, finding policy support, coping with copetition, raising money and focusing on core business were the key motivations, and that equity carve-out had a positive impact on the performance of Shengyi Technology in the short term.

Keywords

Spin-off listing, equity carve-out, motivation, performance

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 3rd International Conference on Business and Policy Studies
ISBN (Print)
978-1-83558-281-7
ISBN (Online)
978-1-83558-282-4
Published Date
18 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/71/20241548
Copyright
18 January 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

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