China Backdoor Listing Legal Inquiry

Backdoor-listing is not only a way of merger and takeover of an enterprise, but alse a shortcut of company listing . Backdoor-listing , as a phenomenon of senior capital running, origintes and develops along with the Security Market. Company unlisted achieves going public of its assets and business, and broaden a new approach of raising and financing by the listing qualification of the other companies listed. Company listed can realize the raisinig of achievements and advoid the risk of pausing , even stopping to go public. In a word, Backdoor-listing can bring profit for companies both listed and unlisted, in spite of this, it, unavoidedly , can lead to a series of problems, such as the qualification of subject, the takeover of Backdoor-listing, the connected transaction of the counter-takeover. Thus, the three problems are deal mainly with by this thesis. On the basis of this, some suggestions of how to perfect relevant legistation are brought forward in this thesis.