Studies On Back-door Listing Of Shandong Geo-mineral

With the development of social economy,enterprises face in the marketcompetition is increasingly fierce,many small scale,simple industrialstructure,enterprise strategy lead single submerged in the economic tide.In order toseek better development,leaders have taken strategy actively,through the way ofmerger and reorganization,innovation construction rich company structure,open upnew channels of financing.The method can obtain more funding sources with thefastest speed,undoubtedly,the enterprises listed into the securities market is the mostconvenient way to get money.But in our country enterprises in the IPO audit systemis very strict,many have listed ideas but unable to meet the listing requirements ofthe enterprise on the securities market gate can only on the other side,it alsoconstrains the development potential of small and medium-sized enterprises to acertain extent.In such a situation,a special means of listing produced—backdoorlisting,by choosing a good shell company,shell company original assets disposal,andthen injected into the company’s high quality assets after the completion of thecompany’s main business transformation,shell,non-listed companyemployees,industry has entered the shell company,listing Corporation’s managementresults,financial situation will become in fact by non-listing company is associatedwith maternal status,so as to achieve the purpose of backdoor listing non-listedcompany.For the backdoor listing-listed company.For the backdoor listing thedifferent from the normal form of the business combination,the accounting criterionof our country respectively in2006,2008made the accounting policy relevant,forreverse constitute a business purchase and does not constitute a business to buy,theaccounting criterion of our country have made explanations on the accountingtreatment of the corresponding,in large extent can also regulate Chinese enterprisesmerger system and maintain the order of the securities market.After a brief introduction to the history of the development of domestic andforeign mergers and acquisitions,merger of enterprises and the concept of backdoorlisting of shell resources,introduction and shell company’s meaning,and has discussed the backdoor listing of the mode of capital operation,simple introductionof several methods of operation in the backdoor listing of assets.In the theoreticalanalysis is accomplished,of the main case analysis.In this paper,analysis of the caseis occurring in2012,Ludi investment corporation backdoor listing case,Ludiinvestment is a production,processing of iron ore as the main business of theenterprise,the backdoor listing is completed,Ludi investment of the largestcontrolling shareholder to become the largest shareholder holding Lu Taifuindustry.The actual controller,and the Bureau of Geology and mineral resources ofShandong province also surfaced,backdoor after the completion of the newly listedcompanies become the first China mineral.The move is significant,not only for smalland medium-sized enterprises to open more financing channel provideexamples.more for the development of the reform of state-owned enterprises inChina the first road.In this paper,investment backdoor Thai analyzed complexindustrial motives,the risks faced by the backdoor listing after was suggested,and theLu investment backdoor Taify accounting industry used in the analysis of.At the endof this paper,this paper selects the transformation of small case in time resourceindustry transformation and Taifu industry comparison,in time resource industrytransformation is mainly in the production,processing of ore,but its main businesstranformation cleverly avoid the back door,contrast to the approach taken by theshell method and Lu.Investment backdoor listing,combined with our policies andrelevant laws and regulation,analysis of advantages and disadvantages of these,inorder to provide more choices for the medium-sized enterprises financing.