| The capital stock expansion and the capital stock contraction of listed company are capital operation strategies at the company different development stage and in the external environment. The listed company has objective demand to share repurchase, share repurchase is a common capital operation method and finance behavior on the stock market, and it is allowed under the certain condition. However, no matter what form share repurchase is, it will cause decrease of the company valid property and the weaken of debt repayment capabilities. Furthermore it will produce greater influence to the benefits of creditor. Hence strengthen the protection to the creditor should be the contents of the norming share repurchase behavior, which can't be neglected."Creditor Benefit Protection Issue in Company Share repurchase " is divided into five chapters : "The introductory", "Share repurchase and the creditor benefit protection", " concrete measures to protect the creditors of stock repurchase abroad " "The status quo of the creditor benefit protection in share repurchase in our country ",and "The legislation consummation of the creditor benefit protection in share repurchase ". Each chapter is divides into certain passages, separately elaborating the content of each chapter.In the first chapter "the introductory", it elaborates some development situations and the prospect which relevant to share repurchase, and educes the necessity of the creditor benefit protection, as some contradictions and conflict on the company share repurchase injure the creditor benefit.In the second chapter " Share repurchase and the creditor benefit protection ", firstly it presents shareholder and creditor locate in different legal status in the share repurchase from the theory of creditors and legal status , and then stated the impact on creditors. in the stock. Share Repurchase concept is firstly discussed, analyzing the causes and relevant laws regulations in repurchase shares, and then explore the negative factors to creditor in the share repurchase from the legal status of creditors. The final of the chapter analyzes the impact to the creditors in shares repurchase, thus laid foundation for how to protect the creditor benefits.In the third chapter," concrete measures to protect the creditors of stock repurchase abroad " it discusses on the procedure of share repurchase, funds, the measure of the creditor benefit protection adopted such as responsibility and obligation etc. of executive. At the same time it also discusses the right that creditor possesses in share... |
