Research On ST Lianhua Assets Reorganization

Since the 21st century,China's economy has been happened the great changes and reform.China's economy has always been in the transformation of the development and fierce turbulence and drastic changes.In order to save itself a place during fierce competition in the global environment,the enterprises pay more focus on how to adapt to global competition environment and raise their competitiveness.To enhance its competitiveness,to ensure enterprises smooth and healthyget through the economic transition period,and tobuild a good foundation for the sustained and rapid development in the future,companies need to improve its operation ability,profit ability and innovation ability.So,many listed companies begin to learn and absorb foreign advanced management experience,adopt a variety of methods actively,and conduct asset reorganization to make full use of the resourcesand finally establish the competitive advantage.Underthe environment of domestic enterprises reform,more and more enterprises choose to conduct asset reorganization.In 2009,the number of listed companies that conducting asset reorganization has jumped to 95,the country raised a wave of assetreorganization.This article has five chapters altogether:The first chapter is introduction.This chapter introduces the research background,research significance,the research status at home and abroad,research contents and innovation and inadequate of this article.The second chapter is mainly talking about the important theory of assets reorganization.This chapter contains the assets reorganization's definition,type,motivation theory,performance evaluation method and so on.The third chapter is the analysisof ST Lianhua assets reorganization.This chapter is mainly about company's basic situation,the process of the assets reorganization,the reason why ST Lianhua choose to conduct asset reorganization.The fourth chapter is about the performance of the ST Lianhua'sassets reorganization.The fifth chapter is the conclusion and countermeasures.It based on the effect of this assets reorganization case to summarize and conclude,and then,to givesuggestions for ST Lianhua.