What does backdoor listing mean? What does backdoor listing mean

The so-called backdoor listing refers to a company with strong assets that has not been listed to inject assets into a listed company with a low market value, obtain a controlling stake in the listed company through acquisition, asset replacement, etc., and then use its status as a listed company to make the assets of the parent company listed. Normally, the shell company will be struck off.

There are good and bad enterprises, and the shell is naturally good and bad, and the quality of the shell is generally determined by the following indicators:

1. Market capitalization.

For the backdoor party, the biggest cost is that the rights and interests are shared and diluted by the original listed company after the backdoor transaction. The smaller the market value of the shell company, the higher the proportion of backdoor shareholders after the reorganization, the more market value wealth will be shared after the subsequent listing, and the greater the space for equity financing. The larger the market capitalization of a shell company, the opposite is true.

2. The size of the share capital.

Under the premise that the market value of the shell company is determined, the smaller the share capital, the better. The smaller the share capital, the higher the earnings per share after the restructuring, the less pressure on the follow-up operation, and the greater the space for follow-up share financing.

3. Whether the shell is clean.

A clean shell is, first, guaranteed to be free of debt or other risks, and secondly, a smooth divestment can be achieved. The cleanest shell is the shell vacated by the reorganization of listed companies under the restructuring of central enterprises, which have no internal motivation to do evil, and at the same time have a strong parent company as a backer.

4. Whether it can be relocated.

Whether it can be relocated is also a very critical matter, because many backdoor enterprises receive various supports from the local **, and the mayor very much hopes to add a listed company to the local government as a political achievement.

Backdoor listing is a financial term that refers to a parent company (group company) that uses its status as a listed company to list its assets by injecting assets into a listed company with a low market capitalization to obtain a certain degree of controlling interest in the company. Usually the shell company will be renamed.

To put it bluntly, a backdoor listing is that an unlisted company obtains a controlling stake in a listed company through acquisition, asset replacement, etc., and the company can raise funds in the form of additional issuance of listed companies, so as to achieve the purpose of listing.

A backdoor listing is when a private company injects assets into a listed company with a low market capitalization (shell) to obtain a certain degree of controlling interest in the company, and uses its status as a listed company to make the assets of the parent company public. Usually the shell company will be renamed.

Compared with general enterprises, the biggest advantage of listed companies is that they can raise funds on a large scale in the market, so as to promote the rapid growth of the company's scale. Therefore, the listing qualification of listed companies has become a "rare resource", and the so-called "shell" refers to the listing qualification of listed companies. Due to the incomplete transformation of some listed companies' mechanisms, they are not good at operation and management, their performance is not satisfactory, and they have lost the ability to further raise funds in the market, in order to make full use of the "shell" resources of listed companies, it is necessary to reorganize their assets, and the backdoor listing and backdoor listing are two forms of asset restructuring that make more full use of listed resources.

Backdoor listing refers to the listing of the parent company (group company) of a listed company by injecting its main assets into the listed subsidiary, and one of the typical cases of backdoor listing is that the "mother" of Johnson & Johnson Group borrows the "child" shell.

In order to protect the interests of small and medium-sized investors, the information of these related-party transactions needs to be fully and accurately disclosed in a timely manner in accordance with relevant regulatory requirements.

I want to go public, but the listing process is too complicated, and then I found a listed Liangpi shop, the stock price is very low, so I bought a large number of it, got a controlling stake in the company, and combined the meat sandwich buns into the Liangpi shop.

A backdoor listing refers to a private company that injects assets into a listed company with a low market capitalization to obtain a certain degree of controlling interest in the company, and uses its status as a listed company to make the assets of the parent company public. Usually the shell company will be renamed.

To put it bluntly, a backdoor listing is to obtain a controlling stake in a listed company through acquisition, asset replacement, etc., so that the company can raise funds in the form of additional issuance of listed companies, so as to achieve the purpose of listing.

Backdoor listing refers to a parent company that injects assets into a listed company with a low market capitalization to obtain a certain degree of controlling interest in the company, and uses its status as a listed company to enable the assets of the parent company to be listed.

The practice of backdoor listing is:

In the first step, the group company first divests a high-quality asset and goes public.

The second step is to raise funds through a large proportion of allotments of listed companies, and inject the key projects of the group company into the listed companies.

The first step is to inject the non-key projects of the group company into the listed company through the allotment of shares to achieve backdoor listing.

I want to go public, but the listing process is too complicated, and then I found a listed Liangpi shop, the stock price is very low, so I bought a large number of it, got a controlling stake in the company, and combined the meat sandwich buns into the Liangpi shop.