Compared with the parent company, the subsidiary company is an independent company with independent accounting and self-financing, and the parent company pays dividends in proportion to its shares. Therefore, it can be listed at the same time, a subsidiary company or a parent company; It can be listed on the same exchange or on different exchanges.
For example, China Petrochemical 600628, Shanghai Petrochemical, Yangzi Petrochemical and Zhongyuan Oil and Gas, which were delisted before, are all subsidiaries of Sinopec.
Extended data:
Advantages and disadvantages of listed companies:
Most companies are joint-stock companies. Of course, if the company is not listed, these shares are only in the hands of a small number of people. When the company develops to a certain extent, it needs funds to develop. Listing is a good way to attract capital. A company puts some of its shares on the market, sets a certain price, and allows these shares to be traded in the market. The money from the sale of shares can be used for further development.
A stock represents a part of a company. For example, a company has 6,543.8+0,000 shares, the chairman holds 5,654.38+0,000 shares, and the remaining 490,000 shares are sold in the market, which is equivalent to selling 49% of the company's shares to the public. Of course, the chairman can also sell more shares to the public, but there are certain risks. If the malicious acquirer holds more shares than the chairman, the ownership of the company will change. Generally speaking, listing has both advantages and disadvantages.
First, advantages:
1, get the funds.
The boss of the company sells a part of the company to the public, which is equivalent to letting the public take risks with themselves. For example, 100% of companies will lose money 100, 50% of companies will lose money, and only 50% will lose money.
3. Increase the liquidity of shareholders' assets.
4. Escape from the control of the bank without relying on bank loans.
5. Improve the transparency of the company and increase public confidence in the company.
6. Improve the company's popularity.
7. If a certain share is transferred to the manager, the contradiction between the manager and the company holder can be alleviated, that is, the agency problem.
Second, the shortcomings:
1, listing costs money.
2. While enhancing transparency, many secrets are exposed.
3. Inform shareholders of the company's information at regular intervals after listing.
4. It may be maliciously controlled.
When listing, if the stock price is set too low, it will be a loss for the company. In fact, this is a common practice. Almost all companies will set their share prices higher when they go public.
References:
Listed company-Baidu Encyclopedia