Jiamei to use backdoor route to public listing

Company to acquire main board firm while it pursues plans to transform its core business WANG WEN

Jiamei Medical Group, the largest privately owned chain of dental clinics in China, will use the backdoor listing route to go public this year, a top company official said on Thursday.

Backdoor listing is a strategy of going public used by a company that fails to meet the criteria for listing on a stock exchange. To get onto the exchange, the company desiring to go public acquires an already listed company.