Huanghua Port Co. Main-Supplement Separating Project Analysis

Huanghua Port Co. is a subsidiary company of Shenhua Group Corp. Its main business is the port's construction and operation. Along with the development of main business, there formed many supplement assets such as eatery,rest house, water supply and other logistics. In order to decrease superfluous stuff,expand main business,unlock and inspire supplement business, eight ministry of State Department jointly announced the No. 859 document that bring forward the main-supplement separating policy in Nov. 2002. Huanghua Port Co. took this opportunity and realized the win-win purpose through main-supplement separating and improving the operating mechanism. Begin with this paper is the basic theories about assets-divestiture: conception, the economic theory foundation,main classification,five mode,generic reason and basic procedure. Then, start from the status quo of Huanghua Port and the background of main-supplement separating policy, paper analyzed the necessity and feasibility of the separating and put a integrate blue print for the project. After that, it compared and analyzed the performance of the main and supple-ment business before and after the separating. Lastly, paper summarized the issues that should pay attention to in the program.