The Case Study Of Huanrui Film Company Back-Door Listing

Mergers and acquisitions are the focus of the present China's capital market. Through the theoretical and empirical analysis on the case of Huan Rui Film backdoor failure, the purpose of the article is to explore the true reasons of the failure.The reasons not only refer to the problems of the buyers, but also the problems in the assessment of assets injected in the process of operation and market system construction factors. By analyzing these reasons that lead to the failure of mergers and acquisitions, we can impore the skills of the capital operation in the future China's capital market and make it better. The analysis can be done as follows:First,the paper expounds the related theory of mergers and acquisitions and analyse the agent of mergers and acquisitions combined with the actual case.Secondly, by the study of film enterprise backdoor's cases, the paper analyzes whether the backdoor operation could happen and make more detailed analysis on it.Finally, based on the backdoor failure cases,the paper is to do the necessary qualitative and quantitative analysis. With the results of analysis, it comes up with the improved solutions and the assessment of the new model.In the paper,there are five parts whcih include the overall introduction, the conclusion of the common method,description of case and reasons of improvement suggestions.By the study of Huan Rui Film's backdoor failure case,the paper trys to find out what the true reasons for its failure and gives the related analysis. In the paper, the main innovation points are to analyse the reasons that lead to the failure and come up with the better way for future practice.