“万宝大战”启示录

Learning from the Vanke takeover crisis

＂万科赢定了!＂一位城市商业银行行长对《中国企业家》记者说。2015年,万科控股权之争高潮迭起,安邦、宝能系,和以王石为首的管理团队轮番上阵,上演＂三国杀＂。在此之前,宝能系通过在二级市场频频举牌,低调急速增持万科股份的剧情俨然一出逼宫夺位的商战大片。12月17日,万科董事局主席王石在万科总部会议室发表的一份内部讲话在互联网圈疯传,这是王石首次在内部态度鲜明地表达对宝能系的不满。但一夜之间,剧情反转。12月23日深夜,万科和安邦分别发布声明,互赞对方,结为同盟。

The takeover battle for Vanke reached a peak in 2015 as the company found itself in a 'love' triangle with a group led by real estate developer the Baoneng Group,Anbang Insurance and Vanke Chairman Wang-Shi.Leading up to this battle,Baoneng and two other companies slowly worked through second-tier markets to build up a 22 percent stake in Vanke.With pressure rising,on December 17 th,Wang Shi criticized this group at an executive meeting,the transcript of which was soon passed around on social media.Then on December 23 rd,the battle took another turn as Vanke and Anbang,which originally many believed to be working with Baoneng,issued separate statements that they would be allying together.This battle for control of one of China's biggest real estate developers has led many to question whether the system of public shareholders,in which ownership of a company automatically went to the highest bidder,was suitable for China.