Jinxin Company Restructuring Program Research Report

It is a research report concerning the examples of the restructuring plan of the state-owned enterprises. The subject studied is Sichuan Jinxin Corporation (thereinafter referred to as Jinxin Company), a state-owned holding company. Recently, the Jinxin Company has faced difficult choices: on the one hand, complete restructure should be taken place in Jinxin Company according to the relevant reform policy toward the state-owned enterprise of the nation and the overall arrangement of the local government, and for the company, also it wants to carry out the restructure for obtaining new life and furthering its development; on the other hand, there's great difficulty in restructuring, and the stableness and development of the company will be impacted if handled badly. So, there's no wonder that study and formulation of the restructuring plan is regarded totally important. The report explained the basis of the principle and policy of the Jinxin Company's restructure, through the review of the restructuring process of the state-owned enterprises and the analysis of the background and policy; pointed out the necessity and urgency to carry out the restructure of Jinxin Company, through research of the specific condition of the Jinxin Company and analysis of the tendency of restructure (SWOT); concluded with four resolutions: bankruptcy plan, liability packing plan, renting & operation plan and financing & renting plan, through utilization of enterprise reintegration, reformed principle and pattern, combined with the specific condition of Jinxin Company; and drawn up the recommended plan for the restructure of Jinxin Company, through the comparative analysis of all the plans. The recommended plan is a gradual ownership-transfer plan on the basis of the financing & renting pattern. Its main characteristics and innovations lie in: an "insolvent"corporation using "save oneself"pattern,...