Why do major shareholders want to empty listed companies?

To gain self-interest in controlling power. Usually, as the controller of a listed company, the major shareholder who holds the control right has many means to hollowing out the listed company to gain the control right for personal gain, such as related party transactions, false capital contribution, false or even malicious restructuring, and manipulating the performance of the listed company to obtain refinancing. Shareholders, that is, investors or investors of joint-stock companies, as investors, enjoy the rights of owners to share profits, make major decisions and choose managers according to their capital contributions (unless otherwise agreed by shareholders). The word "Dong" among shareholders originally means "owner". Shareholders, that is, the owners of shares, are simply understood as "bosses".