Bankruptcy Reforming And Its Effect Analysis Of Neutral Titanium Dioxide

With the continuous development of China's national economy,listed companies have a broader development platform,at the same time,they have also caused more fierce market competition.Some listed companies face such fierce competition environment,can not withstand the test of the market,coupled with internal management problems such as mismanagement,it is easy to fall into financial crisis.Under the traditional bankruptcy system,most listed companies will choose bankruptcy liquidation,but this kind of bankruptcy will make creditors and other interested parties lose their own interests,in order to make up for the shortcomings of the traditional bankruptcy system.China issued a new bankruptcy law in 2007.The new bankruptcy law introduces the new bankruptcy reorganization The system,which used to rely mainly on liquidation as a means,provides a chance for the domestic listed companies facing bankruptcy crisis to be reborn.CNNC former Titanium dioxide Co.,Ltd.is a typical listed company which has successfully taken off its cap through bankruptcy reorganization.Based on the analysis of bankruptcy reorganization and its effect,this paper explores the influence of bankruptcy reorganization on shareholders,creditors,recombination parties and themselves,and sums up the experiences of bankruptcy reorganization.To prepare for bankruptcy reorganization of enterprises has a strong reference significance.The study of this paper is divided into five parts.The first part mainly introduces the research background,research significance,domestic and foreign research status,research contents and research methods.The second part mainly introduces the theoretical basis of this paper.Part III This paper mainly introduces the reforming background,the reason,the scheme,the process and the result of the reorganization of the core titanium dioxide.The fourth part is about the effect analysis and performance analysis of shareholders,creditors and restructurers based on the reorganization plan of CNET titanium dioxide.The fifth part is conclusions and recommendations.The conclusions are as follows: the bankruptcy reorganization of CNET titanium dioxide is successful.Through bankruptcy reorganization,the CNET titanium dioxide gets rid of its financial difficulties and avoids the risk of delisting from the market.The short-term performance after bankruptcy reorganization is obvious,but the long-term performance is not obvious,but the overall financial situation is much better than that before bankruptcy reorganization.The reorganization of the high-quality company improves the development ability of the company as a whole,and the success of the bankruptcy and reorganization of CNRCL protects the interests of the parties concerned.The suggestions are as follows: the state should perfect the bankruptcy reorganization system to protect the legitimate rights and interests of the stakeholders;the government should appropriately guide and perfect the delisting mechanism;and enterprises should choose the appropriate bankruptcy mode and reorganization object in the light of their own actual situation.