Enterprise Backdoor Listing And Restructuring Research

Merger and acquisition,as a high-level means of optimizing the allocation of resources,has always been the focus of the capital market,which not only can improve the quality of the company's assets,better the financial situation of the enterprise,but can help enterprises to achieve sustained profitability.Also,it can make the internal and external assets of the security market to achieve effective docking and value exchange,leading more capital into the emerging industries with great potential,and it is conducive to China's industrial restructuring and economic restructuring.There are many forms of merger and acquisition,of which the most special is the backdoor listing.Although this method did not have a long history,it has been a very pivotal form in the security market.Over the past few years,the frequency of this practice has aroused much attention among the government,investors and the public.Implementing the backdoor listing needs a complicated procedure arising from the fact that there are a number of factors affecting the reorganization and the fact that many more strictly regulations have been carried out.The purpose of backdoor listing is to achieve win-win cooperation between listed company and target company,and to strive for a mutually beneficial result.However,a lot failure cases also arises due to the complexity and risks.So it is imperative that some deeper analysis should be dabbled to provide some feasible solutions to the reorganization dilemma.The research of this paper can not only help the listed company to improve the success probability of the backdoor listing,but also save the time to market,and improve the performance of listed companies.Through using the specific case and according to the related theory of backdoor listing,this essay,by analyzing the motivation,the performance and some enlightenment of the successful companies,provides some feasible and pragmatic solutions for the companies which are preparing backdoor listing especially high-tech enterprises and relevant personnel.