Financial Effect Analysis Of Antong Holding's Backdoor Listing

Listing is often considered by private enterprises as a good way to seek development and growth and enhance overall strength.However,there are many hard conditions for IPO listing,and the number is also stipulated every year.Therefore,many companies seek backdoor listing.Private companies try to go public through backdoors,relying on the capital market to enhance their competitiveness and improve their financial capabilities,so that the company is moving in a better direction.A useful supplement to the listing approach is that there are relatively few backdoor listing approval procedures,and listed companies with poor profitability can introduce high-quality assets and increase the value of the company in order to optimize the allocation of market resources.The development of the market also has a certain significance.This article mainly uses a combination of case studies and comparative analysis.In the case study section,Antong Holdings was selected as the research object and the background and process of the backdoor listing of Antong Holdings was selected to analyze the motivation and financial impact of the backdoor listing of Antong Holdings,using the financial statements and financial indicators of the company before and after the listing.Changes to evaluate the financial impact of a backdoor listing on the company.This article is divided into five chapters.The first chapter is introduction.First introduced the research background and significance of this article,sorted out domestic and foreign scholars on the backdoor listing research results,combed the article's research ideas,and introduced the main research methods of this article,elaborated the main research content of this article.The second chapter outlines the theory of backdoor listing.First introduced the meaning of the backdoor listing,and then elaborated on the three theories involved in the backdoor listing.The third chapter gives an overview of the case of Antong's backdoor blacklisting *ST.On the basis of understanding the basic conditions of the two parties before the backdoor,the company analyzed the motives of the blacklisting of the shares of Antong Holdings' backdoors and explained in detail the implementation process of backdoor listing of Antong Holdings.The fourth chapter is an analysis of the financial impact of the backdoor listing of Antong Holdings.The fifth chapter is the summary and inspiration of the backdoor listing of Antong Holdings.This chapter,through the foregoing analysis,summarizes the successful experience of Antong Holdings in backdoor listing,and provides some experience and inspiration for the backdoor listing companies.