analysis and improvement measures of asset restructuring of listed companies（上市公司资产重组的分析和改进措施）.docVIP

Analysis and improvement measures of asset restructuring of listed companies Abstract: asset restructuring of listed companies is an inevitable phenomenon in the process of development of securities markets, due to the imperfections of China’s securities market development and other related reasons, the listed companies in asset restructuring process. In this paper, the characteristics of the asset restructuring of listed companies to analyze the issues related to the reorganization of assets, and on this basis, it puts forward corresponding countermeasures. Keywords:: listed company; assets reorganization; problem; countermeasures One, the characteristics of the asset restructuring of listed companies in China (1) The purpose of reorganization and promoter of diversification From the real situation of the asset restructuring of listed companies in China, the purpose of reorganization and specific promoters tend to be diversified and are mainly the following: (1 in order to maintain the financing capacity of local enterprises, the balanced integration of local businesses, local government-led asset restructuring, (2 listing of the Company Shareholder as to make the company keep the allotment Option or of PT, ST, carry out asset replacement or take the initiative to seek mergers and acquisitions each other; (3) non-listed companies for conservation financing of the economic costs and time costs to purchase listed companies in the state-owned shares corporate equity and become the largest shareholder in the company to achieve the purpose of backdoor listing, (4) to scale up quickly, creating economies of scale, or even to create a monopoly in a dominant position in the same competition in the industry, some powerful enterprises (mostly powerful combination of traditional industries and enterprises) to expand the industry characterized by strategic mergers and acquisitions, and (5) to make stock speculation has a theme, seek excess profits on the secondar