Core Viewpoint - The article discusses the increasing trend of bankruptcy restructuring among A-share listed companies in China, highlighting its significance as a mechanism for corporate revival and the complexities involved in the process [1][2]. Group 1: Bankruptcy Restructuring Overview - As of the end of 2024, a total of 129 listed companies in China have undergone restructuring, with 75 of these approvals occurring in the last six years, accounting for 61.24% of the total [1]. - Bankruptcy restructuring is becoming a crucial method for companies, ranging from debt restructuring in the new energy sector to asset integration in traditional manufacturing [1]. Group 2: Key Practical Points in Bankruptcy Restructuring - If a bankrupt entity has associated companies that lose financial independence, a combined restructuring can be initiated, followed by a hearing to gather opinions before a ruling is made [1]. - Restructuring and reorganization can occur simultaneously; if there are many small creditors with low repayment rates, a small creditor group can be established to improve their repayment ratio [2]. - The restructuring team should hire intermediaries and business experts to ensure asset preservation and value enhancement, while also introducing suitable strategic investors [1][2]. - In cases of multiple associated company bankruptcies, a competitive approach can be used to appoint a joint administrator, and for large entities, industry transformation and investment attraction can be employed to maintain operations [2]. - The conditions for combined restructuring include a high degree of confusion among associated enterprises' personalities and assets, necessitating a comprehensive hearing of opinions before proceeding [2]. - For projects unsuitable for combined restructuring, a "bottom-up" restructuring order can be established, allowing subsidiaries to complete restructuring first to ensure resource flow upwards [2]. - Pre-restructuring models can enhance success rates and efficiency by incorporating assets and increasing shares to repay debts, thereby improving debt repayment rates and acceptance of restructuring plans [2]. Group 3: Course and Case Studies - The course titled "62 Practical Hotspots and Solutions in Listed Company Bankruptcy Restructuring (81 Cases)" aims to dissect practical challenges through numerous real cases [3]. - The course includes 21 sessions over 5.5 hours, providing a comprehensive breakdown of 62 practical hotspots, supported by over 170 pages of detailed course materials [4]. - The course features 81 selected cases that analyze complex bankruptcy restructuring knowledge through various dimensions for better understanding [4].
2023年-2025年上市公司破产重整案例拆解
梧桐树下V·2025-05-09 08:27