Research On The Design Of The Divestiture Plan Of Vtron Group Kindergarten Asset

With the opening of the national second child policy and the promulgation of the "Private Education Promotion Law",China’s early childhood education industry is booming.At the same time,due to the incomplete management system,a large number of vicious incidents of young children have occurred.On November 15,2018,the Central Committee of the Communist Party of China and the State Council issued the "Several Opinions on Deepening the Reform and St andardization of Preschool Education" in response to the excessive profit-seeking in the early childhood education industry,curbing the capital listing of kindergartens.At the same time,the listed kindergarten assets will face the situation of divestitu re of listed entities.In China’s capital market,there are a large number of listed companies involved in kindergarten assets,and how to design an implementation plan for the divestiture of kindergarten assets is of great significance to listed companies.The article first sorts out the existing literature on the motivation and performance impact of asset divestiture,summarizes the classification of divestiture methods of corporate assets divestiture,and analyzes the motives and methods of corporate ass et divestiture in combination with relevant theories;second,introduces Victory The basic situation of joint-stock enterprises,using the PEST analysis tool to analyze the assets of kindergarten,found that the New Deal in the early childhood education in dustry has implemented control over the operation of the capital of the kindergarten.At the same time,combined with the analysis of the current situation of the macro business environment,it is concluded that the assets of the kindergarten still have ex cellent attributes;then,with the goal of maintaining excellent assets and avoiding policy risks,the cash flow,control capacity,tax burden,corporate relevance and divestiture under different divestiture methods Compare and analyze the impact of the ow ner to select the best way,and according to the requirements of the China Securities Regulatory Commission for the overall design of the divestiture plan,analyze the impact of the company’s divestiture of the assets of the kindergarten;Finally,the risk factors of the divestiture are analyzed In order to ensure the implementation of the program,it proposed four guarantees for signing a competition agreement,reviewing the value of the stripped assets,focusing on resource integration after asset strippi ng,and exploring the market segment of the early childhood education industry to help companies succeed Implement asset divestiture to quickly restore market competitiveness.The innovative point of the article is to combine the industry policy guidance a nd design the asset divestiture scheme with the acquisition of the controlling shareholder as the core from the perspective of enterprise managers.