After due diligence, make a judgment on the company as a whole and issue a listing plan. If there are no major problems in the company's historical evolution, the financial statements can be used during the reporting period, and the restructuring counseling can be completed as soon as possible and the application materials can be started.
After the application materials are completed, they need to be accepted, reviewed and fed back by the CSRC, and then they will start to queue up for the trial meeting. This period of time usually takes about half a year, depending on the number of households in front of the queue.
Therefore, if the company is successful, it usually takes about 65,438+0 years. If the company has major problems to solve or the financial statements can't be used, it may take 3 years, 4 years or even longer.
Extended data:
Overview of due diligence
I. The concept of due diligence
Due diligence, also known as prudential investigation, means that it usually takes 3-6 months for investors to conduct a comprehensive and in-depth review of the historical data and documents, management background, market risk, management risk, technical risk and capital risk of the target enterprise through consultation after reaching an initial cooperation intention with the target enterprise.
Second, the purpose of due diligence.
Simply put, the root cause of due diligence lies in information asymmetry. The situation of the financing party can only be clarified through detailed and professional investigation.
1. Discover the intrinsic value of a project or enterprise.
When investors and financiers analyze the intrinsic value of enterprises from different angles, deviations often occur, and financiers may overestimate or underestimate the intrinsic value of enterprises.
Because the intrinsic value of an enterprise depends not only on the current financial book value, but also on the future income. The evaluation and consideration of enterprise intrinsic value must be based on due diligence.
2. Identify potential fatal defects and the possible impact on the expected investment.
From the perspective of investors, due diligence is the first step of risk management.
Because any project has various risks, such as the accuracy of the past financial books of the financier;
Whether the main employees, suppliers and customers of the company will stay after the investment;
Whether the relevant assets have the corresponding value given by the financing party; Whether there are factors that may cause problems in the operation or financial operation of the financing party.
3. Prepare for the investment scheme design.
Financing parties usually have a clear understanding of various risk factors of enterprises, while investors do not.
Therefore, it is necessary for investors to make up for the imbalance of information acquisition by implementing due diligence.
Once the risks and legal issues are determined through due diligence, the buyer and the seller can negotiate on who should bear the relevant risks and obligations, and investors can decide under what conditions to continue their investment activities.