The Case Study On The Bankruptcy Reorganization Of Sainty Marine

Since the 21st century,the world economy has been continuously integrated,and the integration has become stronger and stronger.In order to continuously operate to adapt to the current economic situation,acquisition,mergers and acquisitions among enterprises are emerging in an endless stream.After the outbreak of the financial crisis,the continuous declination of the global trade,the domestic economic downturn and the rising labor costs cause a certain impact on the domestic economy,especially the listed companies.As an important market behavior of listed companies,asset restructuring and debt restructuring have been widely used by many enterprises.At the same time,the analysis of the causes before the restructuring and the performance analysis after the restructuring have become the most important issues in the restructuring of listed companies.Affected by the international shipping industry,China’s shipbuilding industry has also been struggling,with frequent incidents of bankruptcies,layoffs.This paper takes Sainty Marine Corporation Ltd.as the research object for the major asset restructuring and debt restructuring in 2016,and focus on analyzing the motivation,scheme and performance of the restructuring.The main reasons for the restructuring of Sainty Marine Corporation Ltd.include lack of management ability,increasing liabilities,failure of cooperation and financing difficulties,etc.Facing their own reasons,Sainty Marine Corporation Ltd.simultaneously takes measures of asset restructuring and debt restructuring,and the continuous operation capability improves significantly in the short term,but as time went on,the investor confidence shows a downward trend.Overall,the dual role of asset restructuring and debt restructuring ease the debt crisis and enhance the investment value of Sainty Marine Corporation Ltd.And this also can provide references for other similar companies how to make use of capital operation means to solve the debt crisis and maximize the value of the company.