Analysis On The Value Of Shell Resources In The Backdoor Listing Of SF Company

With the development and maturity of the capital market,a large number of enterprises are trying to raise more funds through listing to expand the scale of enterprises,improve the competitiveness of enterprises,improve the operating level and profitability of enterprises.At present,IPO and Reverse takeover are the main ways for Chinese enterprises to go public,in which the Threshold of IPO is higher and the restriction is stricter,and many enterprises choose Reverse takeover to achieve the purpose of financing.However,the value of Reverse takeover is far higher than its market value,and deviates significantly from its real value,because of the persistent speculation in the market.With a series of regulations issued by the CSRC in recent years,including the renewal of the new share issuance system and the reform of the registration system,the Reverse takeover has gradually converged with the initial public offering,and the system of the Reverse takeover has been gradually improved.The value of shell resources is an important part of the Reverse takeover.From the perspective of the backer,whether the value of shell resources can be viewed rationally before the Reverse takeover of the enterprise is closely related to the success of Reverse takeover,it will also affect the economic interests of the backer.Under such a background,it is of great significance to study the value of shell resources.This article mainly uses the literature research,the case analysis method,take the SF company Reverse takeover as the case,carries on the analysis to the shell resources value.Firstly,this paper introduces the related concepts and theories of Shell resource value,which lays a theoretical foundation for the case analysis of Shell Resource Value;secondly,it introduces the case background of SF Reverse takeover,at the same time,it introduces the current situation and existing problems of shell resources in our country,and draws the conclusion that the current problems of shell resources are paying too much attention to the profits after obtaining the listing qualification,and blindly seeking the listing qualification,the value of the Shell Resources of SF company is introduced on the basis of neglecting the sustainable development ability and the factors affecting the profitability of the listed companies,which make the value of the shell resources deviate from the reality.Based on the Case Study of SF Corporation,this paper analyzes the factors that influence the value of shell resources,and points out that in analyzing the value of shell resources,enterprises should not only pay attention to the benefits that can be brought by listing qualification,but also pay attention to the factors that influence the value of shell resources,we should also pay attention to the factors that affect the sustainable development ability of enterprises in the future,scientifically and comprehensively consider the factors that affect the value of shell resources,and treat the value of shell resources correctly,this article offers some advice on the value of shell resources for companies that want Reverse takeover.In this paper,starting from the problems existing in the shell resources in the Reverse takeover,and focusing on the factors affecting the value of the shell resources that should be paid attention to when the shell resources are borrowed,we try to analyze what factors should be taken into account in the value of the shell resources when the enterprise is borrowed,it provides a reference for the rational and comprehensive analysis of the value of shell resources.