Case Study Of HHJC Significant Asset Reorganization

One of the most important and important ways for enterprises to become bigger and stronger is to carry out asset reorganization through the capital market.With the rapid development of China’s securities market,asset restructuring projects are more and more concerned.In recent years,the listed companies through the reorganization of assets,an important means to make the company’s industrial structure has been actively adjusted,greatly promoted the development of the capital market.However,due to the defects and deficiencies in China’s market economy,there are many problems in the reorganization of listed companies.HHJT as the actual controller of HHJC,in order to ensure the continued operation and development of the company,and actively explore the road of diversified development,and gradually to related party purchase shopping malls,hotels and other assets,but as of now the overall operation of the listed company has not been a fundamental improvement.Therefore,in 2015,HHJC conducted a major asset restructuring of up to 30 billion yuan,the purpose of the completion of the business transformation of listed companies,the company will be more competitive assets into the backdoor listing of listed companies.In this paper,through in-depth study of major asset restructuring of HHJC company’s case,described in detail based on the company’s basic situation and the historical evolution of the situation on the process of asset reorganization of HHJC company to carry on the detailed analysis,found in the reorganization of the spot also found a lot of common problems such as asset restructuring.Enterprises in the reorganization of assets restructuring is to choose reasonable completion of the reorganization of assets at the lowest cost,how to avoid the adverse effects of the reorganization of assets in the process of financial risk and the association to bring and how to deal with the reorganization of assets after the asset integration,to solve the above problems,the recommendations of listed companies to restructuring model reference HHJC diversity in the when the restructuring mode,in the face of financial problems in the process of restructuring should choose proper evaluation method,Reduce the company’s asset liability ratio,to play the advantages of the supervision of intermediaries.Related transaction pricing problems generated in the process of asset reorganization in response to the national standard,should refer to market standards or cost plus standard to determine the prices of related transactions,and strive to achieve a unified accounting related transaction price.After the reorganization of assets,enterprises should pay attention to the coordination and integration of internal resources,strengthen management,to ensure the coordination of management and management.