Research On Financial Performance Of The Backdoor Listing In Greenland HK Company

In China,after the listing of the company,it can become a direct financing platform.So,driven by this purpose,more and more companies wants to seek listing qualifications.Backdoor listing as a means of listing,which can make the resources to be reasonable and help private enterprises to solve financial matter,provide a rapid expansion of capital channels for the development of enterprises.However,in our life,there are many failed cases,and at the beginning,these companies succeed but they expose many problems in the follow-up development.How to let enterprises maintain good operation is a challenge for many enterprises.This paper have a deep analysis of the case of Greenland HongKong backdoor listing.In the analysis,first of all,this paper expounds the related concepts and theories of enterprise mergers and acquisitions,backdoor listing,as well as the mode of capital operation of backdoor listing.During the case study,this paper first introduces the motives and two sides of the transaction: Greenland Group and SPG Co.,Ltd.It also introduces Greenland Group Co.,Ltd's backdoor listing scheme.Then it evaluates the effectiveness of Greenland Group Co.,Ltd's backdoor listing in terms of its financial effects and performance,mainly from solvency,profitability,operational capacity and growth capacity.Finally,the author comes up with some suggestions: choosing the suit shell resources and merger patterns,conducting substantial asset reorganization and scientific asset restructuring.