Research On The Motivation And Performance Of Reverse Acquisition Under The Directed Additional Issue Of Akin Technology

Since 2003,my country has been committed to the development of the capital market,gradually improving the multi-level capital market structure."National Equities Exchange and quotations" came into being in this context.With the maturity of the National Equities Exchange and quotations market,Akin Technology was listed on the National Equities Exchange and quotations in 2014.Despite the rapid growth of the NEEQ market,listed companies still face many challenges in the development process: some companies have the risk of delisting due to poor management;some of them will adopt reverse acquisition as a financing method under targeted additional issuance.To reverse their own dilemma.As one of the important ways to use equity financing,reverse acquisition under directional additional issuance has the advantages of low threshold,simple implementation procedures,flexible subscription methods,and low issuance costs.It has attracted more and more attention from listed companies in the past few years.Compared with western developed economies,the implementation time of reverse takeovers under directional additional issuance in my country is still short.Chinese scholars have little research on the process,motivation and financial performance of reverse takeovers under directional additional issuance.Therefore,this article uses a variety of analysis methods such as event analysis and financial index analysis,focusing on the way that Akin Technology adopts directional additional issuance and brings the results of reverse acquisitions.Case studies are conducted to explore reverse acquisitions under directional additional issuance The motivation and impact on the financial performance of Akin Technology will provide a reference for companies to adopt reverse acquisition under directional additional issuance in the future,and also provide reference for relevant departments to strengthen the supervision of reverse acquisition under directional additional issuance.This article takes the reverse acquisition under the direction of the additional placement of Akin Technology as an example,and uses a variety of methods in the analysis.First of all,based on the theory of reverse acquisition under the directional additional issuance,I have read the literature on its theoretical research at homeand abroad;Then,it elaborates on the current situation,motivation and financial effect analysis of reverse acquisition under my country's current private placement;Finally,through the analysis of the case of reverse acquisition under the directional placement of Akin Technology,the motivation and performance before and after the reverse acquisition under the directional placement will be studied.The study found that reverse acquisitions under directional additional issuance will bring positive short-term market response to the enterprise,and will also improve the company's financial situation and enhance its financial capabilities.Regarding the results of the case study,the enlightenment was drawn from the perspectives of enterprises and market supervision,combined with the actual situation of reverse acquisition under the directional additional issuance in my country.