Research On The Feasibility Analysis And Countermeasure Of FR Company Listed In The NEEQ

With the development of China's economy from high-speed to medium-high speed,the growth of traditional industries has reached a bottleneck.At the same time,more requirements for the construction of industrial structure and capital market are brought forward.Numbers of small and medium-sized enterprises have begun to play vital roles as the new force.The promulgation of the Business Rules for NEEQ has strengthened the multi-level capital market.Because there are no substantial requirements for access and the NEEQ is too inclusive to provide SMEs an important platform to reduce the burden.In order to fully mobilize the advantages of NEEQ,a series of improved systems have been done,such as hierarchical management,stock transfer and information disclosure.Since the expansion in 2013,the NEEQ has made great breakthroughs in both the proportion of capital market and the size of SMEs.This paper mainly focuses on the company to be listed on the NEEQ and then provides reference for other enterprises.FR Company is one of the SMEs with the main business of technical research,production and sales of wind power equipment components.Due to the company's strategic plan,scale expansion and the needs of market development,together with the scare funds itself,FR has begun to prepare for listed in the NEEQ.Based on the background,this paper reviews the history,its business situation,the development trend,the advantages and disadvantages of FR company.By analyzing the access conditions,external environment,financial and management status of the NEEQ,this paper explores the possibility of FR company listed in the NEEQ.Based on the necessity and feasibility of FR listed in the NEEQ,this paper explores the areas that can be improved,and puts forward corresponding solutions,in order to ensure the progress and results of the whole listing process.Through the research,it is concluded that FR always involves potential problems in the preparation process in the early stage,such as investment process,independence,financial norms and internal governance.There are defects in the process of capital contribution,which requires the company to pay more attention to the substantive and ownership of equity in the process.FR company should maintain its independence,which involves all aspects of the company.To complete the NEEQ listing,even to change the board or go public in the future,it is necessary to optimize the financial data and pay close attention to whether the financial situation of the company is standardized.In addition,FR company should maintain its independence.The level of internal governance should also be continuously strengthened.After solving the problems,FR company should consider the selection of the NEEQ listing process,which contains the choice of intermediary institutions and the way of equity transfer.The reason is that the sponsor securities firms,accounting firms and law firms,as the main intermediaries in the process of listing,determine the schedule of the whole process of listing,and even affect the final results.The choice of equity transfer mode is mainly related to the market liquidity of FR company.It needs to pay attention to market conditions and policy changes,and makes reasonable choices according to specific circumstances.The NEEQ has become one of the important ways for SMEs to solve external financing and standardize their own business.Currently,the research mainly focuses on financing,and the feasibility of SMEs listing and the problem countermeasures are relatively few.The case study of FR company is extended to other SMEs.