The predecessor of Vanke was Shenzhen Modern Scientific Education Instruments Exhibition & Sales Center established in 1984. Wang Shi and the management board quit their share holdings in 1988, and Wang insisted on a strategy of scattered share holdings during the ensuing 28 years as he became a professional manager.

Let's take a look at what the experts had to say about how Vanke's share holding system has caused its current problems.

"Vanke's share battle provides a reminder to startup companies, which is that investors not only focus on the startup teams' skills, but also their control over the companies' management and capital. If the management team does not hold a certain proportion of shares in the company, usually investors won't risk investing in such teams under concerns that they may not be stable," said Li Delin, financial commentator.

"Vanke's management team that with scattered share holdings has no power of control. This kind of structure is rare among current listing companies. Under this situation, the company actually can be very easily purchased," said Zhu Ciyun, professor of Tsinghua University.

"Baoneng enters Vanke as Vanke is cheap enough. While Vanke's management team chose to look for a new big shareholder when Baoneng entered, the move made the problem more complicated. It formed a multi relationship between Vanke with Baoneng, China Resources and Shenzhen Metro. At the current stage, I think it's reasonable for Baoneng to use its big shareholder's power on the company's operation," said Lin Yun, financial commentator.