Enterprise reorganization refers to the reorganization activities carried out by the company in order to obtain long-term development and future financing ability, including restructuring and listing, merger, enterprise assets reorganization, debt restructuring, enterprise restructuring and so on. The purpose of enterprise reorganization is to improve enterprise management and promote enterprise innovation.
Legal objectivity:
Article 70 of the Enterprise Bankruptcy Law of the People's Republic of China The debtor or creditor may, in accordance with the provisions of this Law, directly apply to the people's court for reorganization of the debtor. Where the creditor applies for bankruptcy liquidation of the debtor, after the people's court accepts the bankruptcy application and before declaring the debtor bankrupt, the debtor or investors whose capital contribution accounts for more than one tenth of the registered capital of the debtor may apply to the people's court for reorganization.