定向增发对中小股东利益影响的因素及对策分析

Analysis on Factor of Directional Add-Issuance Influenced to Benefits of Medium and Small Stockholders and Countermeasures

论述了上市公司在定向增发前、增发中、增发后不同阶段,中小股东利益可能受到侵害的主要因素,从上市公司的内部因素和外部制度因素分析了定向增发中可能存在的利益输送问题。根据当前定向增发的新特点,对保护中小股东利益提出了对策与建议。

Before the directional add-issuance,during the add-issuance and after the add-issuance of the listing company,the paper stated the main factors affected to the profits of the medium and small stockholders.From the inner factors and external system factors of the listing company,the paper analyzed the profits transfer problems existed in the directional add-issuance.According to the new features of the present directional add-issuance,countermeasures and proposals were proposed to protect the profits of the medium and small stockholders.