Research On The Strategy And Effect Of The Bankruptcy And Reorganization Of ST Country

In recent years,the domestic and international market economic environment is complex and volatile,coupled with the outbreak of COVID-19 since 2020,many listed companies in China,especially the entity enterprises,are faced with the problems of intensified competition and excess capacity,leading to frequent financial crisis and even delisting.2007,our country has introduced the bankruptcy reorganization system in the enterprise bankruptcy law,realize to further perfect the bankruptcy law,but also for domestic in business and financial difficulties,but still has the value of the operations provides a new choice of listed companies,optimize the market allocation of resources,make the enterprise have newborn through self-help,and promote the development of the domestic economy.Compared with western countries,however,the time of late,was introduced into our country bankruptcy reorganization system has much practical experience in related to the lack of,but as more and more listed companies to carry out the bankruptcy reorganization,like the great attention of HNA Group received recently,Founder Group,etc.,to the enterprise bankruptcy restructuring strategy and the analysis of the effect is studied,and then summarizes the bankruptcy reorganization of the relevant experience is very important,also is very urgent.In this paper,the case analysis method is adopted to select ST country reloading as the analysis object,focusing on the analysis of its bankruptcy reorganization strategy and effect,and then summarize the key factors of the success of its bankruptcy reorganization.Strategy analysis focuses on the feasibility of reshipment bankruptcy reorganization of ST nations,the analysis of the overall strategy and specific solutions found by higher operating value,reforming the company can improve the discharge rate,the actual controllers of creditor's rights such as the strength of the machine group,after active retreat city,in 2015 opened the bankruptcy reorganization,the restructuring mode,liability for third-party survival mode,and through the bankruptcy restructuring plan,make full use of the advantage resources and perfect management system,strengthen enterprise management,reduce operating burden,in June 2020 to return to a-share market,which marks the ST the reshipment bankruptcy reorganization of success.On reforming effect analysis,mainly from the financial performance,its stakeholders,listed companies to three angles,analyzes ST the reinstall the effect of bankruptcy reorganization,found that after the bankruptcy reorganization,reinstall the ST countries financial performance is promoted,its profitability has been effectively restore and protect the interests of shareholders,creditors,employees,help the enterprise to appear on the market.By ST reshipment bankruptcy restructuring strategy,effect analysis,summarizes the key to the success of ST the reshipment bankruptcy reorganization factors,including the period before and after the bankruptcy reorganization proactive coping strategies,the actual control of the machine group's strong support,full protection of the interests of creditors in the restructuring and develop and implement the market-oriented operation programs.The conclusion of these successful factors of bankruptcy reorganization not only provides reference for improving the theory of bankruptcy reorganization,but also provides experience for enterprises facing the same management crisis and financial distress.