Case Analysis On The Backdoor Listing Of Sf Holdings

The backdoor listing is essentially a special form of major asset restructuring,in which the non-listed company obtains control of the listed company through relevant operations,thereby indirectly listing.In recent years,the express delivery industry has benefited from the support of national policies and the development of e-commerce has also entered the golden period of development.Many express delivery companies have started to raise funds to seize market share.Since the backdoor listing is shorter than the IPO review time,this has become the choice of many express delivery companies.The reason for the backdoor.As the leading boss of private express delivery,SF is very valuable in its backdoor process.This paper also hopes to find out the corresponding successful experience and summarize the enlightenment by studying SF's backdoor listing,and to understand the corresponding policies and regulations for the companies that intend to list in the future.Next,it will provide some help for the choice of shell resources and the operation of backdoor listing.This paper mainly uses literature research,case analysis and comparative analysis methods to analyze the causes and effects of SF's backdoors with the case of SF Holdings' backdoor listing.Based on the in-depth study of the literature on backdoor listing in recent years,this paper analyzes SF Holdings.Based on the internal and external environment of the enterprise before the backdoor,the reasons for the backdoor were obtained.Secondly,the selection of SF in the shell company and the backdoor method was analyzed,and the whole process of backdoor was introduced in detail.Thirdly,the horizontal and vertical comparative analysis of SF financial performance was carried out.Comprehensively evaluate the impact of the backdoor listing on financial performance;finally refine the summary of case studies and make corresponding recommendations.In general,the backdoor listing has had a positive impact on SF Holdings.This time SF Holdings' backdoor listing will be a complete success.In addition to the support of relevant national policies,it is mainly because of its own strength and the right timing.Excellent intermediaries and high-quality shell companies,while also actively eliminating and responding to risks before and during the backdoor,created the rapid listing of SF Express.By analyzing this SF listing,it is a good understanding of the process of backdoor listing and how to choose high-quality shell resources,so as to provide some reference and reference for enterprises that intend to be listed on the backdoor.