M-inspection Company's Backdoor Listing Motivation And Performance Research

With the rapid development of China's economy,especially in recent years,more and more private enterprises have shown a corporate vision of becoming bigger and stronger.However,to be bigger and stronger,companies need not only excellent management capabilities but also financing capabilities.With the establishment of China's multi-level capital market and the continuous development of the securities market,listing has become a direct financing channel for many private enterprises.IPO listing and backdoor listing are the main ways for Chinese companies to go public.However,based on the complicated IPO approval procedures and a large number of restrictions,more and more companies choose to use the backdoor listing method to achieve the listing purpose,so how to successfully deploy the backdoor listing To realize the optimal allocation of resources and enable enterprises to maintain vitality in the subsequent development is a significant practical proposition.The 18 th National Congress of the Communist Party of China clearly stated: "Health is an inevitable requirement for promoting the all-round development of people." As a private giant in the medical examination industry,M medical examination company is a difficult challenge for M medical examination companies to accurately develop the medical examination market,achieve its established development strategy and accomplish its mission of bringing healthy life to the masses.To cope with this challenge,it is difficult to respond perfectly to the current scale and market conditions of the company.Therefore,it is particularly important to use capital market financing to expand the scale and increase market visibility.This article takes the case of the private medical examination industry giant M physical examination company as the research object,and expounds the meticulous design scheme of the M-inspection company's backdoor listing,and analyzes the motivation and related performance of the M physical inspection company's backdoor listing.Propose relevant management recommendations.The research idea of this paper is,firstly,the literature research method is used to study and sort out the relevant researches of domestic and foreign scholars on enterprise backdoor listing.This case is based on this theory.Secondly,the specific process of backdoor listing is carried out.The paper analyzes the market reaction brought by the backdoor incident to the company.The method adopted is the event analysis method.Then,using the financial indicators and non-financial indicators performance analysis method to study the impact of the M-checked company on the performance of the backdoor listing;The conclusion of the study gives management advice.According to the analysis of this paper,the following research conclusions are drawn:First: M physical examination company acquired 27.79% equity of Ciming Medical Examination in the same industry during the preparation period of the backdoor,realizing“ one shell and two use ” and carefully designed trading scheme.It has promoted the smooth progress of the backdoor listing,and provided reference for the design of trading schemes for other companies that need to go through the backdoor listing.Secondly,the motivation for the backdoor listing of the M medical inspection industry is mainly because the enterprises need to use the capital market to obtain strong Financial support,increase market share,enhance the company's brand value,to achieve the goal of bigger and stronger enterprises;Third: backdoor listing is beneficial to improve the profitability of M medical inspection companies,expand the scale,enhance market visibility and achieve their strategic goals..In view of the above research conclusions,relevant management suggestions are given,which provides a good reference and reference experience for other enterprises that are ready to take a backdoor to achieve listing,and also makes the research materials of the backdoor listing more abundant.