上市公司在资本市场成功融资之后,积极收购资产、开拓新业务,这本无可厚非。可是,如果上市公司资金几经周折之后流入隐性的关联企业或个人之手,而花费大量资金收购的资产盈利状况并不令人满意,这个故事就值得探究了。本期封面文章《被瓜分的草原兴发》就以上市公司草原兴发为案例,讲述其积极扩张、大举收购资产背后的资金腾挪过程。 Listed companies in the capital market after the successful financing, the active acquisition of assets, develop new business, this is understandable. However, if the listed company funds after several setbacks into the tacit related businesses or individuals hand, and spend a lot of money to buy the assets of the profitability is not satisfactory, the story is worth exploring. This issue cover article “Divided Prairie Hing Fat” on the listed company Prairie Hing Fat as a case, about its aggressive expansion, large-scale acquisition of assets behind the process of capital vacillation.