ST Safety Control announced that the company received a notice from the creditor Huayun Express Company on May 3, 202654381. Because the company is unable to pay off its debts due and obviously lacks solvency, Huayun Express Company has applied to the court for reorganization of the company. As of the announcement date, the company has not received the court's ruling on the applicant's application for company reorganization, and there is still great uncertainty about whether the applicant's application can be accepted by the court and whether the company will enter the reorganization procedure.
1. Reorganization refers to the planned implementation behavior formulated and controlled by the enterprise, which will significantly change the organizational form, business scope or mode of operation of the enterprise. At present, the concept of "asset reorganization" used in China has long been agreed as a general term with vague boundaries and expressing all major non-operating or abnormal changes of listed companies.
Second, reorganization and reorganization are self-help measures when the company is in trouble. Because of the same purpose and similar measures, it is easy to be confused. In practice, some people will confuse it, but there are also many differences between them, such as nature and participants. The following is a detailed introduction for you, hoping to help you.
3. Reorganization refers to the planned implementation behavior formulated and controlled by the enterprise, which will significantly change the organizational form, business scope or mode of operation of the enterprise. At present, the concept of "asset reorganization" used in China has long been agreed as a general term with vague boundaries and expressing all major non-operating or abnormal changes of listed companies. In the practice of assets reorganization of listed companies, the meaning of "assets" generally refers to all resources that can be used and bring benefits to enterprises, including not only economic resources of enterprises, but also human resources and organizational resources. The generalization of the concept of assets also leads to the generalization of the concept of asset reorganization. Although many laws, regulations and administrative rules on asset reorganization have been issued recently, none of them involve the concept of asset reorganization, and there is no clear definition of asset reorganization so far.
Four, according to the practice of China's securities market and the main reference ("china securities journal Quarterly Reorganization"), the assets reorganization of listed companies is divided into five categories, namely:
(1) Acquisition and merger.
(2) Equity transfer, including transfer of non-tradable shares, paid transfer and auction, as well as secondary market merger and acquisition of tradable shares (subject to the announcement).
(3) The divestiture of assets or the sale of owned shares means that the listed company separates the assets or owned shares of the enterprise from the enterprise and sells them.
(4) Asset replacement, including asset exchange (including equity and creditor's rights, etc.). ) a listed company with assets or equity.
(5) Other classes.