How to interpret the reorganization of gold in western China

Western Gold Reorganization means that the company intends to purchase 0/00% equity of Akto Kebang Manganese Manufacturing Co., Ltd., Akto Baiyuanfeng Mining Co., Ltd., 0/00% equity of Xinjiang Mengxintianba Mining Investment Co., Ltd. and 0/00% equity of Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. by issuing shares and raising matching funds.

I. Enterprise reorganization

Enterprise reorganization is a process of reconfiguring the capital, assets, labor, technology, management and other elements of an enterprise, building a new production and operation model, and maintaining the competitive advantage of an enterprise in the process of change. Enterprise reorganization runs through every stage of enterprise development. Enterprise reorganization is a process of enterprise reorganization, reorganization and integration, aiming at enterprise property rights and other debts, assets and management structure, improving enterprise management level as a whole and strategically, enhancing enterprise market competitiveness and promoting enterprise innovation.

Second, the principle of reorganization.

Enterprises should follow the following four principles in restructuring to ensure the legitimacy, rationality, operability and comprehensiveness of enterprises, which is conducive to the all-round development of enterprises.

1. Principle of legality

It involves property rights such as ownership, use right, management right, mortgage and pledge, intellectual property rights such as patents, trademarks, copyrights, inventions and discoveries, and the establishment, alteration and termination of various creditor's rights such as purchase, sale, lease, contract, loan, transportation, entrustment, employment, technology and insurance. Undoubtedly, only legal rights can be protected by law.

2. Rationality principle

In the process of combining various assets, personnel and other elements, efficiency is always the first. Secondly, the reasonable premise-stability. Only on the basis of stable convergence can we achieve benefits. Third, reasonable operation-the principle of good faith. Only by fulfilling the merger agreement in good faith can the restructured shareholders and employees build confidence in the new environment.

3. The principle of operability

All steps and procedures should be operable under the existing conditions, or the conditions required for operation can be created within a certain period of time, and there are no insurmountable legal and factual obstacles.

4. The principle of comprehensiveness

We should properly handle the nine relationships of Chinese enterprises-Party, government, group, people, finance, goods, production, supply and sales, and leave no sequelae, otherwise there will be endless future troubles.