Risk Prevention In Company Backdoor Listing

With the development of capital market,many non-listed company,especially some private enterprises,tend to choose the way of backdoor listing to enter the capital market,so as to broaden their financing channels,enhance their visibility and promote their long-term development.Non-listed company hopes to enter the capital market quickly through backdoor listing,but the process of backdoor listing is complex,and there are various risks in the process.A slight carelessness can lead to the failure of backdoor listing.In recent years,with the strengthening of China's supervision,the cases of the successful listing of the backdoor are gradually decreasing.If the non-listed company wants to complete the backdoor listing smoothly,we should take precautions against the risks that exist in the process of listing the backdoor.Therefore,how to identify risk and implement effective risk prevention in the process of backdoor listing is very important for the enterprise.This paper analyzes the risks existing in the process of backdoor listing,and discusses the corresponding risk prevention strategies combined with cases,so as to provide reference for future businesses that need backdoor listing.In this paper,case analysis is applied to select the case of successful backdoor listing and failed backdoor listing.The risks and risk prevention strategies in these two cases are analyzed.This paper mainly discusses the risk prevention strategy implemented by non-listed company in the process of its backdoor listing through four parts.First,we study related theories,including the definition and related contents of backdoor listing,and elaborate the theory related to risk prevention,which is the theoretical basis for risk prevention of non-listed company in the process of backdoor listing.Secondly,this paper introduces two cases of backdoor listing of SF holdings and Guo Wang Gao Ke,and analyzes the related risks and risk prevention strategies of the two cases in the process of backdoor listing.Thirdly,the risk prevention strategy and the effect of risk prevention are compared and analyzed between the two case listed cases.Finally,it provides some suggestions to the enterprises that need to be listed on backdoor listing in the future.