A Research On Strategies Of Resource Integration And Enterprise Reorganization For Companies Applying For Listing

After the reform of non-tradable shares finished,a great deal of medium and small-sized enterprises eagerly applied for initial public offering("IPO") in stock exchange in order to achieve nursery finance from securities market and advance technological transformation,capacity enlargement or project merger,as well as realizing asset securitization.The author first looks back the evolvement of issue terms and checks methods of issuance of shares in our state and elucidates the present conditions which should be satisfied by companies applying for IPO.Whereas there is objective difference between the practical situations of those companies applying for IPO and the conditions abovementioned.It is necessary for those companies to carry through resource integration and enterprise reorganization such as asset restructuring,finance reorganization,human resource integration and development programming,so as to accord with the demand of IPO.And then basing on knowledge and experience,the author discusses the physical targets,object,implementation step and forbidden zone of asset restructuring,finance reorganization,human resource integration and development programming.Finally,by selecting a representative listed company,and analyzing resource integration and enterprise reorganization of this company,the author exhibits how to solve issues left over from history,change nonstandard operation,optimize financial target and carry out IPO at last.The author considers that by resource integration and enterprise reorganization, asset quality of those companies,which is preparing for listing,can be upgrade as well as capability of making profit being improved,financial target being optimized and standard operation being realized.Meanwhile resource optimizing and development rationalization of those companies can also come true.Additionally,by spreading the strategies of resource integration and enterprise reorganization for listing,and positively promoting medium and small-sized enterprises to be strengthened through IPO,it is meaningful to economy development of our state.