Case Analysis Of Asset Restructuring Of CNPC Company Limited

Since the third Plenary Session of the 18th CPC Central Committee,a number of important initiatives on state-owned enterprises have taken substantial steps.In order to strengthen the reform of the company system,China Petroleum Group actively introduces various investors to realize the diversification of the stock rights,vigorously promotes the reform of the state-owned enterprises,and sets up the Chinese Petroleum Group capital Limited by Share Ltd(hereinafter referred to as "oil capital")to manage the financial business and realize industry and finance.Risk isolation of the industry.After integrating and injecting the financial business into the Cnpc Jinan Diesel Engine Co of the listed company(hereinafter referred to as "oil Chai"),it will change the current situation of the direct possession of various financial enterprises by China Petroleum Group.On the one hand,it can effectively evade the delisting risk of the oil Chai,introduce the quality assets,peel off the original non-performing assets and change the existing non-performing assets.On the other hand,through the reorganization of China oil capital,the financial business of CNPC is listed as a whole,so as to improve the anti risk ability of CNPC,CNPC and financial subsidiaries.This paper takes the case of China oil capital and the reorganization of oil Chai assets as the research object,and uses the case study and the financial analysis method to analyze the whole reorganization transaction.First,it introduces the research background and significance of the paper.Secondly,it introduces the main body of the capital asset reorganization and transaction,the situation of oil capital and oil Chai,the motivation of restructuring,the reorganization plan and the process of reorganization,and then analyses the characteristics of the reorganization transaction:first,the three level of the company’s ownership structure,the diversification of the shareholders,and the two The oil Chai collect funds by issuing shares and evade the compliance risk.Three,after the expansion of capital stock,the oil Chai still maintains the low proportion of the circulation share and the large elasticity of the stock price.The following is the case analysis of the restructure of the capital capital assets,and the analysis of the problems in the process of the reorganization of the oil capital in the process of the reorganization of the oil capital,the one share of the oil group in the ownership structure,the business transformation after the restructuring of the oil Chai and the medium oil capital,the problem of the reorganization of the resources after the reorganization and the financial management of the reorganized company.The final part is a specific analysis,and the last part is from the angle of the management of the medium oil capital company,the countermeasures and suggestions on the problems existing in the case of the restructure of the capital capital assets,and hope that through this study,it can be helpful to the reform of the mixed system of the state-owned enterprises.