Since 2019, the China Securities Regulatory Commission formally issued on the specific provisions of the split listing, this landmark moves not only marks China's capital market in system innovation and enterprise development strategy, also indicates the domestic enterprises through spin-off listed business focus, value release and capital efficient operation of the new era officially opened. After the announcement of the China Securities Regulatory Commission, Jiangsu Guotai started the spin-off of Ruitai New Material, and was officially listed in 2022. By studying the motivation and effect of Jiangsu Guotai's spin-off listing, this paper hopes to provide reference for other enterprises interested in joining the spin-off listing track.
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Li et al. (2024) studied this question.
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