Case Analyse On Risk Control Of Aixu Technology’s Backdoor Listing

At present,my country’s capital market is constantly developing and improving day by day,and more companies choose to raise the funds they need through the capital market.In China,companies generally go public through the following two methods: one is the IPO method,which is an initial public offering,which is a direct listing transaction;the other is a backdoor listing,which is to complete the listing through corporate mergers and acquisitions.This method has multiple advantages: To achieve listing transactions,the listing cycle is short and the operation process is not complicated.The majority of private enterprises generally complete listing transactions through this law.At present,the domestic backdoor listing supervision system is not perfect,and there are many historical problems,and the enterprise’s own risk control ability is not strong,all of which bring huge risks to the backdoor listing.Many companies lack the due risk awareness,blindly go on a backdoor listing without comprehensively collecting relevant information and failing to identify risks reasonably,and failing to implement necessary risk control measures in place during the listing process,causing huge losses to the company and making it impossible for the company.Successful backdoor listing.In this thesis,Axu Technology’s backdoor ST Xinmei’s listing is taken as an actual case to carry out a comprehensive analysis and research.In the research process,the literature research method and case analysis method are scientifically used.First,it comprehensively sorts out the related literature and materials related to the risk types of backdoor listing,risk identification,risk drivers,and risk control countermeasures,and makes a scientific review;then,it comprehensively introduces the concept and theory of backdoor listing risk control,and analyzes this in depth.The main risks existed in the first process,and proposed four risk control methods: risk identification,risk avoidance,risk transfer,and risk retention.The theoretical basis for risk control in the backdoor listing process was given;the backdoor listing of Aixu Technology was taken as Exploring examples to explore the real motivations of the company’s backdoor listing,conduct a comprehensive investigation around the shell company,and further understand its basic situation;in-depth analysis of the risk control measures adopted by Aixu Technology ’ s backdoor listing;finally,the case is made A comprehensive summary,drawing useful experience and lessons from failure,and then giving useful suggestions for the soundness and perfection of the risk control mechanism of domestic private enterprises in the process of backdoor listing.The case analysis conclusions of this study are as follows: First,based on the internal environment of the company: listing and financing will bring huge benefits to the company.Faced with this temptation,the company must establish a correct backdoor listing concept,and the management must take further steps.To enhance our own risk awareness,we must do a good job of supervision within the enterprise,cultivate a group of professional talents,and build a complete set of risk control mechanisms.Secondly,based on the external environment of the company: the backdoor company must supervise the information disclosed by the backdoor company,and the intermediary agency must perform its due responsibilities on the basis of maintaining independence.Through these practices,an excellent risk control environment is created for backdoor listed companies,minimizes the risks that exist in the backdoor listing process,and provides assistance for the backdoor listing of companies.