Analysis Of Backdoor Listing Of Hailan Home

In our country,the company will get a very good financing platform after listing.For this reason,most companies choose to go public in this way to achieve financing,and those with listed qualifications become extremely valuable.Through the backdoor listing of the way is also a very important means of listed companies,in addition to being able to make the company through the acquisition way of resources integration,also can effectively optimize the configuration of the enterprise,so as to accelerate the enterprise strategic adjustment,etc.Then it can help and improve the financing difficulty of private enterprises.However,due to the operation is not standard or other reasons cause the backdoor fails,there is loss or mismanagement problems because the company had made the situation of the company in operation fatigue also not in the minority.Therefore,how to successfully borrow the shell market and be able to operate well after the backdoor listing to realize the long-term development of the enterprise is the gap challenge faced by private enterprises in the development process.This thesis selects the successful listing and still keep good performance on many years of growth rings of sea home backdoor listings as a case,through the analysis of the system which will be used for reference to other enterprises' strategies.The thesis,by using the combined method of the theory and case,by Hailan Home backdoor Keino technology co.,successfully listed as a case,the case is a multi-angle deep analysis,for other private enterprises backdoor listing provides a reference.In the thesis,the author combs and summarizes the domestic and foreign literature on M&A and backdoor listing,and puts forward the innovation of this paper.At the same time,the thesis provides theoretical basis for the behavior of backdoor listing from efficiency theory,synergistic effect theory and signal theory.Then it introduces the background of the case,the basic situation of the backdoor,the transaction process of the backdoor listing,and the specific contents.Secondly,the options and transaction motivation of shell resources were analyzed listing performance in the case of the shell listing.The thesis analyzes the internal factors and external factors of the backdoor listing of enterprises.In terms of the financial effect,this paper analyzes the effect of the backdoor listing from four perspectives.Respectively: longterm performance analysis,synergistic effect analysis,development strategy effect analysis and shareholder wealth effect analysis based on financial index method.Enlightenment through the above analysis,the thesis mainly lies in the mode of public choice,the backdoor listing pattern choice,the choice of shell resources from several aspects are summarized,and from the perspective of regulation,the relevant departments to improve the market management provide advice.