| With the rapid development of online shopping and the convenient of online payment,thus the demand for online and the express industry demand also showed explosive growth.The volume of China’s express industry growth from 5.69 billion to31.28 billion in four years from 2012 to 2016,we can see that China has now become a veritable global first express power.And in the past few years the government continued to introduce the relevant favorable policies to support the courier industry,shows the current environment is extremely conducive to the rapid development of the express industry.In the case of all aspects existent positive factors,as the political and the most sensitive of market nerves capital strength cannot wait to promote the courier industry listing process.This article analysis the express delivery industry by research object Yuantong courier,though its backdoor listing to provide some theoretical basis.The case analysis of Yuantong Express includes how the capital of its backdoor listing is operated,and then through its comparative analysis of the financial indicators before and after the listing of its performance research,shareholder wealth effect,refinancing effect and corporate governance effect,which can provide some experience for other private enterprises and guidance.Through the research on the case listing of Yuantong,we can provide some theoretical reference for other private enterprises to find the right way to increase their own enterprise value.At present,most of the listed companies in China have adopted the backdoor Listed way,the listing method is more complex and diversified,ordinary private courier companies also want to market in this way,not only need to take into account the current listing of the preparation should also take into account the need to face after the listing of the company operation and other aspects of the problem. |