The Study Of Greenland Group Backdoor Listing Case

Due to the special nature of the real estate industry and the volatility of the policy,the access to IPO threshold is very hard.The financing channels are quite narrow.It is difficult to use IPO to achieve financing methods.Many companies want to take this opportunity to open the capital market for financing enterprises but away.So reverse merge has become the best choice for those a lot of companies want to log on the capital market.Using the way of the reverse merge,Greenland Group achieve the overall market group,in the process of restructuring,it achieved the optimization of ownership structure,reduced the occurrence of related party transactions,avoid the same competition.After overall listing,its synergistic effect increased enterprise value and competitiveness of the Green Group.After the completion of the backdoor listing,Greenland Group surpassed Wanke became the largest market capitalization of China's real estate companies,while refreshing the A-share market backdoor records.In this paper,we use the example that Jinfeng investment Greenland Group backdoor to achieve the overall listing.Firstly,the theory of knowledge based backdoor listing are summarized and summed up the backdoor listing of specific trading patterns and possible motivation.Then discusses the process of reverse merge of Greenland Group,analyzes the transaction motivation from the perspective of both.Then analyzed the highlights one by one during the successful implementation of the restructuring of state-owned.Finally conclude the guiding significance from Green Group backdoor listing to the restructuring of the whole the of state-owned enterprises.In general,the main contribution of this paper is divided into the following two points: First,summarize the theories of backdoor listing and background knowledge.Then analyze and summarize theoretical basis for some of the other who wants to achieve backdoor listing.Second,on the basis of the backdoor of Jinfeng investment Greenland Group case,Greenland Group has now successfully landed Chinese A stock market.This transaction is supported by the Shanghai SASAC and Shanghai municipal government.This reform of state-owned assets of state-owned enterprises has a certain reference.