A Case Study Of Offcn Education & Technology Co.,Ltd’s Backdoor Listing

As an unconventional way of listing companies,backdoor listings provide another way for companies that cannot go through IPOs(IPOs).However,the cost of listing backdoors is considerable high.After paying a large amount of shelling costs and spending a lot of manpower and material resources,it may not be able to pass the issuing and listing stocks verification system.Therefore,there is also an unpredictable risk in this merger and acquisition process.In view of this,this paper selects the Offcn Education & Technology Co.,Ltd’s backdoor listing event to evaluate the motives of the two trading parties in the backdoor listing transaction,the cost-effectiveness of the back-to-back process,and the financial performance analysis after the backdoor listing,to conduct an in-depth study of the whole process.I hope to provide reference for other listed non-governmental education companies that are ipo-bound.This paper mainly combines the research methods of documentation,case study and comparative analysis.Taking Offcn Education & Technology Co.,Ltd as the example,it analyzes the motives of both parties in the merger and acquisition transaction and the financial performance after the listing.In terms of literature research method,this paper sorts out and summarizes the domestic and foreign scholars’ research on the motivation,process and effect of backdoor listing,and conducts in-depth analysis and Research on the research cases based on the existing theoretical system of M&A and restructuring.In the part of case study,this paper selects the listing and trading activities of Offcn Education & Technology Co.,Ltd backdoor Yaxia Automobile as a case to simply sort out the basic situation,trading motivation and financial data of the two sides of the merger and acquisition,focusing on the analysis of the restructuring process,the effect of backdoor listing and the experience that can be used for reference.The research conclusions of this paper are as follows: The national non-governmental education policy and supporting facilities has promoted the development of the nongovernmental education market,the vocational education market is broad,which is the external cause of the merger and reorganization.For Offcn,the backdoor listing can meet its business the need for expansion to improve the company’s financial position,thereby maximizing the interests of shareholders.