1. The internal motivation of the change of equity is mainly the change of corporate control. The original shareholding structure of ZTE is that Hong Kong Brilliance holds 60% and Hebei Tianye holds 40%. After this "lightning reorganization", Hebei ZTE changed from the original second largest shareholder to the largest shareholder, which enhanced ZTE's inherent "right to speak".
2. Another motivation reflected by the case data may be the adjustment of industrial structure or industrial upgrading of enterprises. With the rapid development of enterprises, the next problem is the future development direction of enterprises, and the adjustment of industrial structure will become an unavoidable and important decision-making proposition. It is precisely for this reason that the change of rights and interests caused by the company's poor operating conditions has obviously become one of the reasons for this change of rights and interests.
Effect:
1. The first effect of this change in ownership structure is mainly reflected in the change in corporate control. The original 60% equity of Hong Kong Brilliance was split into two through this reorganization, with Ningbo Hu Axiang and Hong Kong United Link holding 26.3% and 33.7% respectively, while Hebei Tianye became the largest shareholder of ZTE after the reorganization with 40% equity, which basically mastered the control of the enterprise and achieved the goal of "straightening out the property right structure".
2. Brilliance Hong Kong has not lost its influence on ZTE because of this withdrawal, which mainly reflects that the core management of Brilliance has remained in office, so that the company's business has not fluctuated greatly because of the change of its equity, which may be due to Brilliance's contribution to investing in the company's business, but it also illustrates some connections between Brilliance and the joint leadership company.
3. Absorbed new investment, strengthened the extension of the enterprise in the industrial chain, and provided a good platform for the next development of the enterprise.