An Analysis Of The Problems In The Process Of Reverse Takeover Of Backdoor Listing

Due to the development of financing needs and capital market in our country,all kinds of enterprises are actively seeking a listing to expand enterprise strength,improve enterprise well knownness,but since our country IPO suspended period is longer,review more stringent,and listed companies,long queue,resulting in enterprises have to seek other methods are listed and backdoor will become many enterprises listed on the way.Reverse backdoor listing of which is one of the commonly used way backdoor listing.Backdoor,shell resource will generally first in the business of asset stripping,vacated a shell,followed by the issuance of shares to mergers and acquisitions of listed company intends to make quasi listed company reverse control I finally reached the purpose of reverse acquisitions.After the completion of the above process,shell companies will accept intends to into the listed company's assets and business,so as to achieve the purpose of listing,backdoor listing completedSince 2015,the backdoor listing has been a hot topic in China's capital market,there are a number of companies listed on the phenomenon of backdoor listing.The backdoor this topic has been investigated in this context,this paper is mainly through the case to draw out the topic to carry out further study,therefore,this paper selected reverse backdoor in the classical case,Haitong Securities backdoor urban shares,introduce the case of Haitong Securities backdoor programs and processes,focus on the problems produced in the process of backdoor analysis,to put forward the countermeasures to solve the problem,I hope through the analysis of the case on the current China intends to backdoor listing of the company provides reference opinions.Following the first at home and abroad on the backdoor listing of literature review of the research ideas,after the case of Haitong Securities are presented in this paper,combining the theory and case,focusing on analysis of the motivation of Haitong Securities backdoor,at the same time of Haitong Securities Valuation Method and produced with actual elaborated.Finally,combined with the present situation in our country,obtains the corresponding enlightenment through the case.As a case study,the article.This paper is a case of Haitong Securities backdoor listing the various aspects analysis,hope has reference to future backdoor company,and combining with the current situation are discussed.This paper reviews the domestic and foreign relevant literature on the basis of the backdoor listing,mainly through the case of Haitong Securities,is mainly divided into five parts to elaborate on the case,the first is the analysis of the research status at home and abroad,through the analysis to introduce the background and significance of the research;the second part begins to enter the specific case analysis of the case the background of the overall introduction,scope and procedures,data sources,and data acquisition method and analysis method of case analysis;the third part is mainly carries on the analysis to the case of Haitong Securities,the needs of the acquisition of Haitong Securities reverse backdoor listing agent and Haitong Securities Listing process,such as government intervention,shell the resource selection problem;the fourth part is combined with the case and the case analysis of Haitong Securities in question put forward specific measures The fifth part is the conclusion of this paper,which comprehensively expounds the ideas and methods of this paper,as well as the deficiencies of this paper and the prospects for the future.Due to the limited personal economic theory and practical experience,data collection is limited,there may be a loophole in the analysis.But still hope that through the study of this article,the backdoor listing of the relevant phenomena have a good summary and analysis of the upcoming backdoor listing play a positive role in the reference.