Case Ananlysis Of SF EXPRESS Backdoor Listing

In the early 1990s, Chinese stock market began to ferment slowly along with the establishment of the stock exchange. There are two most common methods of listing,respectively, IPO and backdoor listing. Listing in this way can not only make the market resources can get reasonable and optimized configuration, but also help to speed up the adjustment of market economy structure and help private enterprises to solve a series of problems in their development process. Backdoor listing as a more convenient way to list,although there are many advantages, but there are also great uncertainty. The greatest uncertainty is the failure of backdoor and the debt problems faced after the success of backdoor. Therefore, how to succeed the backdoor listed, successfully obtain the funds needed for its development, at the same time, can obtain a good stable development in the follow-up, is an important problem for all enterprises to list.The research object of this paper is the case of SF-express expedite shipment listing,describes the basic situation of the case of SF-express backdoor listing, all the process,and the evaluation of SF-express backdoor listing. Finally, through the analysis of the listing of SF-express expedite shipment, some suggestions about the listing of shell are given.The analysis of this paper is divided into five parts.The first part, mainly the introduction part of the paper, introduces the origin of this article by introducing the writing background of the whole article. Secondly, the paper introduces the research content and the research methods used. Finally, the innovation of this paper is the innovation and deficiencies.The second part introduces the theoretical overview of shell listing, the development history of shell listing in Shanghai and Shenzhen stock, and describes the development status of shell listing in China.The third part introduces the case of SF-express expedite shipment backdoor listing. Two aspects were introduced. Firstly, this paper introduces the relevant party of the shell listing, including the situation of shell company dingtai new material and backdoor SF-express. Secondly introduces the whole process of backdoor listing.The fourth part introduces the case analysis of the backdoor listing. Conducted from four aspects. First introduces the motivation of SF EXPRESS backdoor listing, then introduces the advantages of SF EXPRESS backdoor listing, SF EXPRESS re introduced the analysis of the backdoor listing of the experience,finally introduces the backdoor listing problems.The fifth part introduces the enlightenment of SF-express backdoor listing to other shell listed enterprises. This paper mainly introduces the enlightenment from three aspects. Hope can bring real enlightenment to enterprises, can better use capital market funds, to promote the development of enterprises themselves, and to promote the development of economy.