金融英语作业——浅谈国美借壳上市.ppt

Backdoor listing Their own funds acquisition modes Directional issue pattern Targeted issuance + public + acquisition mode Backdoor listing ------Taking Gome electric appliances as Example Team members ：刘斌 李玟琛 许丽 王辉 王宇 Introduction In the borrow shell with wavering between IPO gome public events，With Chinas Eagle embellish (0493) a form letter and the white paper to all the world. As the Hong Kong stock exchange, the new listing rules took effect, the first successful avoid acquirer regulations. Realization of backdoor protagonist, Gome Holdings (0493) reached the price-earnings ratio of almost 49.4 times, reached the Hongkong market rare peak. Huang Guang Yu through the way of backdoor will gome successfully listed in Hongkong, For other domestic private enterprises listed by shell provides a classic case. contents Backdoor listing Case explore Inspiration and thinking Backdoor listing Backdoor listing Refers to the non-listed company through the listing Corporation merger and acquisition, to get the control on the basis of a reverse takeover, and then through the holding of assets or business mode, so as to achieve the purpose of indirect listing the behavior of a kind of market and enterprise behavior. Three kinds of Mode: Gome in 2001to 2003financing channel usage Listed reasons Choose the cause of Hong Kong Reason of lend hull Analysis of the causes of backdoor listing in Hongkong 1:Huge funding needs 2:The unreasonable financing structure 3:The narrow channels of financing 1:Hongkong capital market financing efficiency 2:hong kong financing market open and high degree of internationalization 3:In Hongkong the financing market, stocks can achieve full circulation Backdoor listing supervision more loose ,the lower the threshold. Indirect overseas ba