A Research On L Company On NEEQ

The National Equities Exchange and Quotations(NEEQ),commonly known as the"new third board",is the necessary complement to the Chinese multi-level capital market system.NEEQ is a national share transfer system,offering a new capital platform tailored for the needs of numerous small-and-medium enterprises(SMEs)in China.After its expansion nationwide on Feb 2013,the number of SMEs listed on the NEEQ increases rapidly,allowing them to transfer shares and raise funds for specific purposes.However,many qualified SMEs keep away from capital market because of asymmetric information and strangeness of the NEEQ.The author,as being responsible for the listing business in securities company,based on the in-depth study and practical work,provides solutions to problems typically encountered about business,law and accounting during listing procedure and summarizes critical steps in listing procedure.The selected enterprise in this paper belongs to the manufacturing industry,a very representative enterprise on the "new third board".The enterprise’s primary business are research,production and sales of cosmetics.Firstly,this article provides solutions to general practical problems encountered during restructuring stage in this case;besides,this article analyzes other commonly encountered problems in practical work as well.Through this article,the author hopes that such clear steps in listing procedure can provide valuable references for the enterprises may be concerned.