Case Study On Risk Control Of Backdoor Listing Of Tianxiaxiu

Due to the strict IPO review conditions,long queue time,and the incomplete development of the registration system,has not been fully implemented,so the backdoor listing is still an important alternative way for enterprises to enter the capital market and seek listing.However,there are many risks in backdoor listing,so it is particularly important for enterprises that want to obtain listing qualification through backdoor way to learn from the enlightenment and experience of risk control from the existing successful cases of backdoor listing.This paper for the show in the world listed backdoor ST hui ball of risk control on the study case,in the rapid development of industry of the world show to keep up with the development of the market rapidly expanding scale and expand the enterprise development,further broaden the financing channels of enterprises and brand influence,chose through the backdoor way to quickly listed in the capital market,and in its shell,However,it faces risks caused by the characteristics of the asset-light industry of the enterprise,legal disputes and poor operation of the shell company,and strict regulatory approval conditions for backdoor listing,etc.In the end,Tianxiu adopted three synchronous and closely integrated steps:purchasing the equity of the listed company to acquire the controlling equity of the shell company,cleaning the shell company’s resources,and injecting its own assets into the listed company to control the risks arising from the above situation step by step,and finally successfully completed the backdoor listing of the enterprise.After combing and explaining the process of Tianxiu backdoor listing in detail,this paper analyzes the prominent risks faced by Tianxiu backdoor listing in combination with related theories of backdoor listing risk control,and makes a detailed analysis of its risk control measures and effectiveness.Finally,On the basis of the above case study,the enlightenment of the risk control case of Tianxiu backdoor listing is proposed,which provides the risk control ideas for other enterprises in the process of backdoor listing or will be in the process of backdoor listing.This paper has enriched the case study literature on the overall risk control of backdoor listing,which will help enterprises to understand it completely from an overall perspective.