1. Backdoor listings give a company faster way to capital markets by short-circuiting the process of going public. 2. A backdoor listing involves taking a dormant company, injecting new assets into it and effectively creating an entirely new company that is listed on the stock exchange. 3. China Strategic tried last year to gain a backdoor listing for its Chinese brewing interests on the New York Stock Exchange. 4. Potential backdoor listings have been favorites of local retail investors as they offer the potential for huge returns. 5. Potential backdoor listings have been favorites of local retail investors, because they offer the possibility of huge returns. 6. Speculating on possible backdoor listings also poses huge risks, analysts said. 7. Burwill is the third local company rumoured to be a mainland target for a backdoor listing. 8. In fact, some analysts speculate whether this merger is a means to facilitate the backdoor listing of BBMB Kewangan. 9. More than a dozen cases of backdoor listings have taken place this year alone. 10. The SEC memorandum said backdoor listings violate the full disclosure policy, as enumerated in disclosure rules released last month. |