Research On Value Evaluation Of Shell Resources

With the development of enterprises,many enterprises will strive for the qualification to enter the securities market.In recent years,IPO supervision has become more and more strict.As we all know,backdoor listing takes less time and has a higher success rate than IPO listing.Some outstanding enterprises outside the securities market are in urgent need of financing through listing to promote the development of capital.However backdoor listings easy breeding ground for insider trading and other adverse the phenomenon of market development,the China securities regulatory commission for the backdoor listing of increasingly strict regulatory measures,also introduced various policies and measures,at present,"didn't appear because of the registration system,makes many enterprises aim at the last chance for entering the securities market in the form of backdoor listings.With the successive promulgation and implementation of various policies,the value of shell resources will inevitably return to the rational range.Therefore,we must grasp the determinants of the real intrinsic value of shell resources and scientific evaluation methods,and scientifically measure the reasonable value of shell resources.In this background,this article from analyzes the shell resource related literature,introduces the composition of the sources of its value,but also to the backdoor restructuring listed motivation,the whole process of operation pattern to do the related analysis,finally the conclusion is a shell resource value is derived from the perspective of shell through the backdoor restructuring listed to obtain the value of the stock right,the value of a listed company can enjoy preferential tax and restructuring after the synergy effect value of three parts,to backdoor listings trade both parties as reference for making reasonable market price.The paper is divided into four chapters: the first chapter is the motivation and operation mechanism of backdoor listing of Chinese enterprises,and discusses the concept,current situation,motivation,operation mode and process of backdoor listing of Chinese enterprises.The second chapter is about the traditional valuation method and the new valuation method of Chinese enterprise shell resources.The third chapter is the case study of Beijing Great Wall electronic backdoor.From the point of view of Great Wall electronics,this paper analyzes the value structure and evaluates the value of the company.Chapter four: conclusion and prospect.