What impact does the sale of assets by listed companies have on shareholders?

There are many situations in which listed companies sell assets, which cannot be generalized and needs specific analysis. \x0d\ x0d \ can generally be viewed from three angles: \ x0d \ On the good side, selling assets is the need of asset reorganization and business adjustment. It may be a good thing to sell the loss-making sideline assets and return to the main business. \x0d\ From a neutral point of view, selling assets is necessary to adjust profits and smooth financial indicators. If the company's operating profit declines, it is necessary to cash out the investment income by selling the equity of subsidiaries or sideline assets, so that the profit per share looks better, or protect the shell. \x0d\ From a bad point of view, selling assets is one of the methods used by major shareholders to hollow out listed companies. If a listed company invests in a project and spends a lot of money to cultivate the market and enhance its competitiveness, it sells it at a low price because of a loss (possibly intentionally) before making a profit. \ x0d \ x0d \ In my opinion, in either case, it is not good for public shareholders. Why do you say that? If listed companies have not made diversified investments in the past, it is not good for shareholders to sell their assets at a discount. It's best not to focus on its main business from the beginning. For the sale of assets for financial statements, it shows that the company's operation is unfavorable and it is not good news for shareholders. Needless to say, the act of hollowing out listed companies.