A Case Study On The Backdoor Listing Of Focus Media Privatization

In recent years,China's A-share market in the context of rising prices,the increase in the cost of overseas listing,the reduction of financing efficiency and domestic listing policy and other aspects of the impact of listed companies in order to obtain high prices in the domestic market More obvious,many of the US-listed Chinese technology companies are trying to privatization delisting,return to China's capital market.On the one hand,from the national strategic point of view,increase the capital market reform,it is necessary to guide the return of high-quality stock companies,for our capital market to provide a good investment target,so that China's capital can be marketed way New economic enterprises,to promote the rapid growth of innovative enterprises,and share the growth value of new economic enterprises,to further accelerate the pace of economic restructuring,promote a virtuous circle for the transformation and upgrading of China's economic structure to provide help.On the other hand,these enterprises return to China's capital market is unique,domestic and foreign markets have disparity in price differences,there is a large arbitrage space and shell resources in the market serious speculation.With the further deepening of the capital market reform,in the future there will be more new economic enterprises choose to return to the domestic capital market,an urgent need to further improve the listed companies listed on the privatization of the return of listed laws and regulations.Therefore,it is of great significance to evaluate the possible impact of the stock return on the A-share market and improve the corresponding laws and regulations through the study of the case of privatization and backdoor listing of the mass media.This paper analyzes and analyzes the motivations and program flow of the private media backdoor listing from the angle of M&A and reorganization by using the method of normative research to analyze and analyze the case of the return of A shares in the mass media,The This paper analyzes the privatization delisting and backdooring scheme of Focus Media,and explains the mode and advantage of setting up the privatization of the four-tier structure.Through the inquiry of the mode of listing of the mass media backdoor,it explains the special process of the return process of the mass media This paper points out that the reform process of capital market in China should be selected according to the reform process of capital market in China.In the return of the stock to be something to do something,to choose a cautious distinction between the policy of return to the stock.And from the market and regulatory aspects of the stock in the privatization of companies,red chips return,backdoor listing of the corresponding countermeasures and suggestions.