A Case Study On The Listing Of Dingtai Hi-tech Material In Shunfeng's Borrowing Shell

With the rapid development of e-commerce,the domestic express delivery market is becoming more and more powerful.The newly launched express business has broad prospects and great potential for development.Express industry is not only closely related to people's life,but also plays a very important role in the economic development of China.As an important role in the process of economic restructuring in China.With the fierce industry competition and the support of the national policy,express industry has begun to seek the way to go on the market.The express business can attract fresh blood into enterprises and promote the sustainable development of enterprises.In China,there are two ways of listing on the listing of IPO and backdoor listing.Because of the high threshold of IPO listing,the low threshold of the backdoor listing has become the first choice for many enterprises to complete the listing.Comparing with backdoor listing,IPO listing has obvious advantages,but there still exists some problems.The key to successful listing is how to choose shell resources and identify backdoor listing programs.F.expressis the most powerful express delivery company in China.S.F.express has been serving customers with its standardized,high prescription and quality.With the force of service quality of "four links",and the encroachment of the price advantage to the market share,and the real-time tracking of the international express giant,the strong brand and the stability of the international market share.S.F.express is facing a big challenge.In February 23,2017,the new product(002352)of S.F.backdoor Ding Tai was ringing on the Shenzhen stock exchange.The success of S.F.'s backdoor listing not only caused a great stir in the A share market of China,but also had a significant influence on the whole logistics industry.Comparing with YTO,ZTO and some other large express industry companies,S.F express has taken a distinctive way to achieve successful listing.This article bases S.F.'s new listing of Ding Tai.First,starting from the analysis of the development foreground of express industry and the background of the listing of express industry.We clarify the research significance of S.F.'s backdoor listing case.On the basis of learning relevant theoretical knowledge of backdoor listing,we can understand the advantages of backdoor listing.Secondly,introducing the two case parties transaction,summarizing the specific process of the listing of S.F.'s borrowing shell,choosing the reasons for the new material as the shell resource,and the choice of the backdoor listing transaction.Finally,the motivation of the listing of S.F.'s borrowing shell and the motivation of the new shell of Ding Tai are analyzed.The inspiration of the case analysis is summed up through the advantages and problems of the listing of the borrowed shell.I hope it can provide references for other express companies and other industries,and provide inspiration for their listing.