Case Study of Reverse Merger - A Case Study on the Performance of SF Holding's Acquisition of Dingtai New Materials
Year: 2024
Type: article
Abstract: SF Express continues to lead the Courier industry in China with its standardization, high quality and high effectiveness advantages. However, as customers' requirements for service quality continue to increase, the cost of express delivery industry continues to increase, and in the case of numerous express delivery industries and fierce competition, SF Holding's traditional business model and existing capital are difficult to stabilize its leading position in the express delivery industry. In order to ensure the expansion of its own capital and seize a favorable position in the market, SF Holding chose to go public in 2016 through the backdoor of Dingtai New Materials. This paper will explain in detail the principle, practical operation, strategy and practice behind the success of SF Express backdoor listing, and study the financial performance of SF Holding by analyzing four indicators of debt repayment, operation, development and profitability according to the financial index method, sum up the strategic experience of the enterprise, and provide effective reference for the development and transformation of similar enterprises.
DOI: 10.54097/xt25qx08
Author: Jinlin Guo
Institution: Hebei University of Economics and Business
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4402199981