Motivations Of Private Education Institutions Backdoor Listing And Performance Analysis

With the rapid development of the socialist economy with Chinese characteristics in the new era,China's capital market has become more prosperous,and the enterprises that are the main players in the market have grown stronger.In order to expand production scale and seize market share,enterprises need the support of a lot of funds.Under normal circumstances,listing is an efficient financing method.IPO and backdoor listing are the two most commonly used methods for corporate listing.However,compared with traditional IPO listing for financing,backdoor listing requires shorter time,lower cost,and simpler procedures.More and more companies have adopted the method of backdoor listing to obtain financing and enhance their competitiveness.Private education basically covers China's education system,and takes schools and training institutions as carriers.It occupies a core position in the private education industry chain.Because the education industry has certain public welfare,the barriers to entry for private education will gradually increase.The capitalization of private education is restricted,but its purpose is to prevent the momentum of blind development of private education under the control of capital.There is still a lot of room for development in the future education market.From the perspective of national policies,the country attaches great importance to private education.At the same time,domestic private educational institutions hope to successfully enter the capital market by means of backdoor listing,so as to develop in a better direction.However,after the backdoor listing of enterprises,can they optimize the allocation of assets through the capital market and obtain better returns to achieve more On the issue of good performance,many enterprise stakeholders and market regulators have always been more concerned about it.Therefore,research on whether backdoor listing activities can improve corporate performance and reduce financial risks is especially necessary.This article is based on the case of Offcn Education listed on the back of the shell.First,it sorts out related concepts and theories,and lays the foundation for subsequent research in this article.Secondly,it introduces the basic situation of listing of private education institutions in China and the case of Offcn Education backdoor Yaxia Motors,including the two parties' profile and transaction plan,and the reasons behind the backdoor listing.Then it studies the impact of Offcn Education backdoors on performance,and adopts event research method to conduct short-term performance analysis and financia Indicator method long-term performance analysis.Finally,it draws conclusions and recommendations on the backdoor listing of Offcn Education,including significant market response,improved financial performance and non-financial performance for other companies in the industry backdoor listing to provide reference value.