王健林为何也将公司私有化_BEC初级作文

王健林为何也将公司私有化

“一家中国公司如果有好的故事，募集私人股本并不难，”安永(EY)亚洲金融服务高级合伙人包凯(Keith Pogson)说，“投资者已经厌倦了公开市场的剧烈波动，厌倦了看着自己的投资起起落落——特别是在中国。他们只想看长期而言会有什么结果。”

Private Chinese groups can also move more quickly. Anbang Insurance, which launched $20bn of hotel bids within two days in March, demonstrated the benefits and limits of that. Not having to seek shareholder approval removed one hurdle for a deal that, like all Chinese transactions, also needed regulatory approval. However, the group later ran into criticism over a lack of transparency in its structure and funding. Its larger proposed deal, a $14bn bid for Starwood, ultimately failed.

中国民营企业在行动上也更加敏捷。安邦保险(Anbang Insurance)就展示了其中的优势与局限。今年3月，安邦在两天时间内发起总交易金额200亿美元的酒店资产竞购。与中国所有并购交易一样，安邦的这些交易也需经过监管部门批准，但不必征求股东同意，少了一道障碍。然而，安邦后来因在公司架构及融资方面缺乏透明度而遭到批评，其较大的一笔交易——出价140亿美元竞购喜达屋(Starwood)——以失败告终。

At some point, though, private investors in Ant Financial, Lufax and the like will want an exit and, in all probability, public markets will be the only means of providing it in sufficient scale — as was the case for Alibaba.