某医药一哥的“鸡贼”式MBO。

医药财经
Oct 12

一家优质国企变为私人控股的过程中,表面合规的程序下,隐藏着精妙的法律规避与资本运作。2003年,恒瑞医药进行了一场关键性的股权转让,原控股股东连云港恒瑞集团有限公司将所持56.15%的国有股分别转让给三家外部机构。从表面看,这只是一次普通的国有股减持,但随后的股权演变显示,这实际上是一场精心策划的管理层收购(MBO)。通过关联方“代持”和“过桥”方式,孙飘扬等管理层以接近净资产的价格实现了对这家...

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