What is enterprise restructuring?

Legal analysis: In China, enterprise reorganization is divided into two ways: overall reorganization and partial reorganization:

1. Overall restructuring refers to the overall transformation into a standardized enterprise that meets the requirements of modern enterprise system based on all assets of the enterprise through asset restructuring.

2. Partial reorganization refers to the reorganization of an enterprise with part of its assets, and the establishment of a new enterprise by absorbing investment from other shareholders or transferring part of its equity, while the original enterprise remains unchanged.

Legal basis: Article 18 of the Company Law of People's Republic of China (PRC), when studying and deciding on major issues in reorganization and operation, and formulating important rules and regulations, the company shall listen to the opinions of the company's trade unions, and listen to the opinions and suggestions of employees through employee congresses or other forms.