东北高速公路股份有限公司分立案例研究-工商管理专业论文.docxVIP

Classified Index: F272.3 U.D.C.: 331.15 A Dissertation for the Degree of EMBA THE CASE OF STUDYING THE SEPARATION OF THE NORTHEAST EXPRESSWAY LIMITED LIABILITY COMPANY Candidate： Cui Fengchen Supervisor： Prof. Hu Longying Academic Degree Applied for： EMBA Affiliation： Heilongjiang Province Group Company Date of Defense： June, 2010 Degree-Offering-Institution： Harbin Institute of Technology 摘 要 近年来，由于我国出台了一系列的上市公司并购重组的相关政策，使我国 资本市场掀起了一起又一起上市公司并购重组的热潮，成为活跃在我国资本市 场上的一支生力军，也成为我国资本市场上的一道靓丽的风景线，许多并购重 组的成功案例，让更多的上市公司摆脱了困境，走上了可持续发展的之路。近 日，国家对上市公司东北高速公路股份有限公司（下称：东北高速或公司）实 施分立上市的成功案例，给我国上市公司并购重组引向了深入，是我国资本市 场发展的又一创举，为我国资本市场开创了上市公司分立上市的先河。 本文选用东北高速分立上市作为“采用国际通行和我国法律许可的金融工 具，以市场化方式解决历史遗留问题，化解市场和社会稳定风险”的典型案例， 主要通过借鉴国外的相关法律法规和成功案例，利用实证分析的方法，对东北 高速的历史背景、法律法规的探索、公司分立上市的可行性、政府主导与市场 化运作及其兼顾各方利益等实施过程进行详尽介绍、分析和论证；同时，对在 实际操作中发现的问题进行了客观分析，对进一步完善我国有关法律法规提出 了建设性的建议，对公司分立上市后黑龙江新设立公司的发展战略进行了初步 规划。 关键词：公司分立；资产分割；发展战略 Abstract In recent years, due to our country’s introduction of a series of the relevant policies of mergers and acquisitions of listed companies, making our country’s capital market set off another upsurge of mergers and acquisitions of listed companies, this became a new force and a beautiful landscape in our country’s capital market. Many successful cases of mergers and acquisitions of listed companies ,making more companies get rid of the trouble, took the road of sustainable development. Recently,the success of case of implementing separatation to Northeast Expressway Limited Liability Company(Hereinafter: Northeast Expressway or Company ) as a test point, leading to our mergers and acquisitions of listed companies in depth, was another pioneering work of our country’s capital market development, and it will found the division to the listed companies in our capital market. The selection uses the separatation to Northeast Expressway as “adopting international and our law permitted financial tool, using market-oriented approach to settle the history question, solving market a