| With the gradually development of China’s capital market,many more enterprises turn to IPO to solve the problem of financing,enhancing their own competitiveness and realizing the rapid and effective development.Many companies become Listed companies by the general path of IPO,that is Initial Public Offerings.The market anticipate that securities market of china in the future would carry out registered system.Our government gradually implemented various reforms in the past.Given this,examination and approval system will be implemented for some time to come.examination and approval system is more strict relative to registered system.what’s more,financing scale is influenced by the circumstance of stock market.So the IPO is still unable to solve the financing difficulties faced by excellent enterprise in the short term.By contrast,the audit conditions faced by Back Door Listing is more looser and the time is shorter.So many companies will take on backdoor listings to gain the opportunity of financing just be going for less.Financial leasing market in China is still in its infancy,its growth potential is huge,Bohai leasing as the first domestic specialized company which is engaged in the lease of infrastructure,adapt to China’s current policy to strengthen the construction of infrastructure.On the other hand,The company tightly grasp industry trends,through the backdoor listings to obtain qualifications for financing by listing on the stock market,expanding their business effectively and laying foundation further to reach the future development.Based on the specific concepts of backdoor listings,operation and illustrating the pros and cons of becoming listed company,this paper conducts a comprehensive and in-depth analysis and research on the successful case of Bohai leasing’ backdoor listings,and describes in detail to the whole operation process.This paper takes the analysis of the successful cases of Bohai leasing backdoor listing as the core,analyzes emphatically backdoor listing process,cost and performance,and hoping that this paper can provide profits and references for the companies of unlisted companies which want to realize strategic development by means of backdoor listings. |
