How to finance backdoor listing?

Backdoor listing is a financing method.

Financing methods include listing financing, which includes domestic listing financing, overseas listing financing and shell listing financing. Therefore, backdoor financing is a way of listing financing. There are eight channels for enterprise financing: debt financing; Equity financing; Internal financing of enterprises; Project financing; Trade financing; Specialized and cooperative financing; Policy financing; Listing financing.

Backdoor listing generally involves a large number of related transactions. In order to protect the interests of small and medium-sized investors, it is necessary to fully, accurately and timely disclose the information of these related transactions in accordance with relevant regulatory requirements.

Extended data:

Practical cases of backdoor listing

1, PCG digital power supply

1In April, 1999, PCCW, a subsidiary of Li Zekai listed on SGX, injected its assets, including the development right of Cyberport, into Dejinjia, a listed company, and obtained about 60% equity. Stimulated by the news, Dexinjia's share price rose from less than 0. 1 Hong Kong dollar to single digits, up dozens of times. Later, Xinjia changed its name to PCG Digital Power.

2. Yingke Dayan Real Estate

In May 2004, PCCW spun off its real estate business, including North Shawan (the real estate part of Cyberport), Pacific Century Center, PCCW Center, other investment properties and related property and facility management companies, and injected them into the listed company Dongfang Gas, renamed it PCCW Dayan Real Estate, and reduced its shareholding in PCCW Dayan Real Estate through rights issue, cashing in about HK$ 300 million.