Performance Study Of Backdoor Listing On Gansu Shangfeng Cement Co.,Ltd.

As there are more financing channels,hammering at securities capital market certainly is the preferred one.For Chinese capital market,the types of listing of the enterprise has been more and more voluntarily and diversify.It's difficult to conformance to requirement of IPO although large number of companies looking forward listing.Then backdoor listing come into notice.As the develop of stock market,backdoor listing——of which essence is merger and acquisition,has been a shortcut.At present,experts and scholars have researched a plenty of backdoor listing cut.At the same time the government have issued rules on optimizing enterprise merger and acquisition and guiding backdoor listing.So there is practical significance to enhance the research on backdoor listing.More and more scholars began to query that if backdoor listings will really bring benefit to enterprise.In this paper,the author analysised the performance of backdoor listing,which focused on descriptive and case research,also combined with the theory.The paper,firstly,introduces the background of the backdoor listing concept and theory.Then combs and summaries the development history of backdoor listing performance.And chooses case of Gansu Shangfeng Cement Co.,Ltd,which had finished backdoor listing by assets reorganization.What's more,the author discusses the background,plan,significance of the case.Also analyses the data of the case from two aspects of long-term performance and short-term performance,to summary if the case is successful.At last,the author summary main point and look into the distance of backdoor listing.