Analysis On The Motivation And Effect Of The Listing Of Ding Tai New Material In Shun Feng's Shell

As China's capital market continues to improve and become more and more active,more and more companies hope to achieve this goal by expanding their financing channels and expanding their financing capabilities through the listing approach.Initial public offerings and backdoor listings constitute two of the most basic forms of listing in China's securities market.However,due to the high standards of IPO approval,strict systems,and long periods of time.Therefore,many companies have adopted backdoor listing as an effective means to achieve their goals,with the idea of improving the efficiency of capital operations,expanding the company's industrial scale,and accelerating the transformation and upgrading of the company's business and achieving self-breakthrough.This article selects the SF Express backdoor listing event as the research object,and analyzes and analyzes the characteristics of the backdoor case,what are the reasons behind the backdoor,and what effects the backdoor will bring to the listed company.It is hoped that it will provide certain reference and reference for other companies that will also want to list backdoors.The first part of this article is mainly about the article selected topic background,significance,the domestic and foreign literature review,research ideas and methods for simple elaboration and analysis,the following content is for backdoor listing relevant theoretical knowledge introduction,followed by a brief introduction to the case and the analysis of its backdoor process to find out the characteristics of its existence,the last is based on the backdoor company and the shell company two angles to analyze their respective are for whatever reasons leading to the shell to run smoothly.After an in-depth analysis,the main purpose of this backdoor investment is to improve the financial status,governance structure,and capital structure of the company through listing,improve the company's reputation and market position,and realize the upgrading and transformation of its own business;And ding tai is willing to take the initiative to sell its shell resource is mainly due to the slow development of main business encounter bottlenecks,to find new profit growth point and breakthrough,falling profits,share prices slump industry outlook is bad,the company long-term development is unsustainable and other reasons,The other motivation is to see the development prospect of the other side's industry,so as to seize the opportunity to enter the logistics industry and seek new ways for the development of the company.Then,through the combination of quantitative and qualitative analysis methods,this paper expounds and analyzes the effects of SF's backdoor shelling,it is concluded that this backdoor case has brought the company sufficient capital to solve its financial difficulties,improve the company's market position and awareness,improve the corporate governance structure and capital structure,improved stock prices,and more reasonable ownership structure,and other positive effects.