No big or little.doc

 PAGE \* MERGEFORMAT 4 No big or little See that the first brigade, the new Lufthansa, Quanjude restructuring and merger news, really startled me, my first thought was definitely one of the three companies Bu Xingle. Otherwise how will use be restructured? This is because the reorganization of this concept is used for such occasions, business failure business in order to avoid bankruptcy, protect corporate creditors and owners of the interest of the corporate restructuring. In the international arena, ‘bankruptcy law’ has three procedures, settlement procedures, reconciliation procedures and reorganization proceedings. In China, when the enterprise industry restructuring: (1) public companies or have significant relationships with the people’s livelihood, enterprises, government departments provide funding or to create a result of poor management caused serious losses, according to ‘Enterprise Bankruptcy Law’ provisions (only for state-owned enterprises ), may apply for declaration of bankruptcy; However, the company filed for bankruptcy by creditors, there is one of the following circumstances shall not be declared bankrupt, but to take other measures to assist enterprises to discharge the debt; (2) to obtain guarantees from the date of bankruptcy be settled within six months from the debt. In other words, corporate restructuring on the premise that there are companies face bankruptcy. Carefully read this news, the original simply not the case. Accurate to say that the first brigade, the new Lufthansa, Quanjude 3 is actually the SASAC in Beijing brought together the combined behavior has nothing to do with the reorganization. But the problem is that in the three combined press conference live, there has been reorganization of such words. A great message, good news, because one does not consider very carefully the wording of which has become a small people cast doubt on the rebirth. BTG following Beijing Capital Tourism is a listed company, Quanjude is prepa