They are having some
backdoor deals.
他们在搞些偷偷摸摸的交易。
The thief escaped by the
backdoor.
贼从后门逃走了。
The market value of AVIC Chengdu Aircraft could reach 200 billion yuan ($29.6 billion) after it goes public through a backdoor listing, while the company's current market value stands at 6.25 billion yuan.
中航成都飞机通过借壳上市后，其市值可能达到2000亿元人民币（296亿美元），而该公司目前的市值为62.5亿元人民币。
"Backdoor listings can help provide a new channel for equity financing and create an opportunity for listed companies to restructure and improve their balance sheets," said the China Index Academy.
中国指数研究院表示：“后门上市有助于为股权融资提供一个新的渠道，并为上市公司重组和改善资产负债表创造机会。”。
The change of leadership was normal after it scrapped plans for a backdoor listing of the property business unit with Shenzhen Special Economic Zone Real Estate & Properties Group, the spokesperson of Evergrande Group was quoted as saying by the National Business Daily.
Property company inks capital infusion agreements with 6 strategic investorsShares of Evergrande Group, a mainland property developer, rose 9.38 percent on Tuesday after it said it would sell 60 billion yuan ($9.04 billion) worth of stocks in its property assets business that is slated for a backdoor listing in Shenzhen.
The company's shares have surged nearly 500 percent this year in anticipation of the planned backdoor listing of its real estate assets, fresh capital from strategic investors and share buybacks.
It also said it plans to raise 30 billion yuan ($4.5 billion) to 50 billion yuan from strategic investors in a third round of fundraising before its backdoor listing.
The gains have been fueled by share buybacks and the firm's plans for a backdoor listing on the Chinese mainland.
The decision was part of a reorganization by one of the country's biggest real estate companies ahead of a planned backdoor listing in the mainland.
YTO completed a backdoor listing on the Shanghai Stock Exchange last October, becoming the first listed domestic parcel delivery company.
"Backdoor listings can provide a new channel for unlisted property developers' equity financing, and at the same time create an opportunity for listed real estate enterprises to restructure and improve their balance sheets," said Liu Shui, head of research with the China Index Academy.
The report, released by China's National Computer Network Emergency Response Technical Team, said over 60 percent of DDoS attacks, backdoor and defacement in China's Internet were found on cloud platforms.
The firm is State-backed Beijing Automotive Group's electric vehicle unit that had a backdoor listing on China's A-share market on Thursday.
The de facto backdoor listing values the unit, Beijing Electric Vehicle Co, at $4.5 billion.
Tian said that the upgraded platform is able to offer offensive and defensive capabilities for algorithms and embeds functions like backdoor vulnerability detection.
"Previously, speculators would seek some listed companies with poor performances for a backdoor listing, but that will be much more difficult now," Hong said.
Li of Yingda Securities said if a company's IPO application is refused, it cannot opt for a backdoor listing in three years.
Backdoor listing is a strategy for companies to get listed by acquiring an already listed company.
[Photo/IC]SJEC said in a stock exchange statement on Friday that it would acquire Qihoo 360 through an asset swap and share issue which would allow for the internet security company's backdoor A-share listing.
Strict control of backdoor listing－the practice of bigger unlisted companies buying out smaller listed companies and then carrying out reverse mergers to become listed－has led to a significant decrease in backdoor A-share IPOs to only four from 12 in the first half of last year.
The statement came after a recent investigation revealed that the backdoor malware used in a cyberattack targeted at the Wuhan Earthquake Monitoring Center possessed traits consistent with those used by foreign intelligence agencies.