Research On Backdoor Listing Of Vocational Education Enterprises In China

In recent years,with the popularization of higher education increasingly and the increasing rate of college entrance examination,the number of college graduates increased year by year,meanwhile the macro economic growth slowed,which leads to Competition for employment among college graduates,more competition in the employment and the number of college graduates continues to grow create a larger market demand for vocational education and training industry.Secondly,the introduction of various national policies promotes the growth of the overall scale of the vocational education industry.At present,there are many enterprises engaged in vocational education and training in China,and most of them are private enterprises with full competition in the industry.In this context,the successful backdoor listing of Beijing Offcn Education & Technology Co.,Ltd,a leading position in the field of vocational education,has typical meaning.This article selects Beijing Offcn Education & Technology Co.,Ltd which is in a leading position Non-academic vocational education industry,backdoor automotive service operators“yaxia” as an analysis case,and going into the motivation,the financial performance,the reasons and problems existing in the case of backdoor listing.the success of backdoor listing,finally the results in this case for future vocational education enterprise listed financing offers some Suggestions.This paper is mainly composed of four parts,the first part combs the domestic and foreign literature related to backdoor listing,summarizes the current domestic and foreign research status on backdoor listing,and expounds the research background and significance.The second part mainly discusses the concept of backdoor listing and introduces the case of backdoor listing of Chinese public education,including the general situation of both parties and the operation process of backdoor listing.The third part is case analysis,mainly including four aspects: the first one is the analysis of backdoor listing of Beijing Offcn Education & Technology Co.,Ltd,Secondly,the paper analyzes the performance changes of cgce before and after backdoor listing from three aspects of debt paying ability,profitability and development ability,The third is to analyze the reasons for the successful backdoor listing of Beijing Offcn Education & Technology Co.,Ltd.It is believed that high-quality shell resources,appropriate backdoor timing and excellent backdoor scheme are the main reasons for the success of the case.The fourth part makes a summary,the results show that Beijing Offcn Education & Technology Co.,Ltd adopts the mode of "asset replacement + private placement" to backdoor “yaxia” successfully.Then,in view of the problems in this case,suggestions are put forward that after successful backdoor listing of Beijing Offcn Education& Technology Co.,Ltd,it is necessary to pay attention to resource integration,strengthen corporate governance and improve corporate performance.Finally combined with the case to get some inspiration,hope to provide a little help for the future to backdoor listed vocational education enterprises.