Focus Media Return To Domestic Capital Market Financial Performance Study

Over the years,because of the many restrictions on new listed companies,A shares have forced focus media to go overseas to raise funds.Because of the high threshold for listing on domestic exchanges and the longer waiting time,overseas listing has become another option for many Chinese companies to raise capital,expand their business,internationalize and improve their management.Soon after the listing,focus media's research report was frequently reported,and it was once in the dilemma of privatization.Focus media return reasons include market value to be underestimated,strategic adjustment,A short-seller continuous short lead to share price decline and in order to get rid of the strict capital market supervision system and so on,but the biggest factor is the market value of undervalued stock prices low,forcing opted to privatize the focus media delisting,by dismantling the VIE structure to backdoor hedy holding in the a-share listed.In the process of regression,the privatization of the delisting needs high capital and face risks such as legal,focus media lucky enough to get the support of two big investors quickly smooth delisting smoothly.The selection of shell resources when the shell is listed is also a big risk to focus media.The unexpected incident of hongda new material has forced the focus media to put forward solutions quickly.Moreover,domestic policy changes are closely related to the return of enterprises,and the support of policies directly affects the smooth listing of enterprises.Focus media has been successfully delisting for 9 months and successfully borrowed the shell qixi holdings in November 2015.As the first medium of the successful return of A shares,the relevant theories on the risk and problems faced by focus media after the return can be put forward.This article through to focus media in 2013 to September 2017 financial data for the capacity analysis,including operating capacity,profitability,solvency analysis,development capacity analysis,focus media can be seen from the analysis results from the privatization in overseas markets after successful delisting in a-share listing of the entire process is effective.Although wind media has been optimized after the return,there are still some problems.In the research,this article first sorts through relevant literature review at home and abroad,secondly to generalized shares,privatisation and backdoor listings in the theory and defining the relevant concepts,analysis of focus media strategy implementation of the impetus of regression,regression in the process of risk and return path,and based on focus media in 2013-2017 financial statements conducted before and after the return to financial analysis,strategic focus media regression results are obtained.Finally by the focus media cases caused by thinking of what he called return on success,including the enlightenment to commit to listed companies,to plan in the regression of almost enlightenment as well as to the return of the enterprises of the revelation of the enterprises of.