Research On The Cause And Effect Of The Bankruptcy Reorganization Of Antong Holdings

With the development of China’s economic market,the listed companies will encounter various problems in the daily operation process.When the enterprises are insolvent and cannot repay the due debts,they will face the risk of bankruptcy.China’s traditional bankruptcy mode is mainly based on bankruptcy liquidation.With the introduction and legislation of the concept of bankruptcy reorganization,many enterprises that are about to go bankrupt are saved and provide them with a chance of vitality.However,not all enterprises are suitable for bankruptcy reorganization,we need to combine the specific situation of enterprises to choose the appropriate bankruptcy mode.In addition,the effect of different enterprises after bankruptcy reorganization is not the same,need to combine many factors for comprehensive analysis.As the first listed container logistics company in Fujian Province,Antong Holding is unable to repay the due debts due to the illegal guarantee of the actual operator of the company.It has solved the debt crisis through bankruptcy restructuring and is a typical representative of bankruptcy restructuring in the industry.This paper takes Antong Holdings as the research object,First of all,the operating conditions,ownership structure and other aspects of Antong Holdings are introduced,It also expounds the reasons for the enterprise’s bankruptcy reorganization;Then this article introduces the bankruptcy reorganization process of Antong Holdings in detail,Including the specific process of bankruptcy reorganization,important time points and events,and the specific implementation plan of bankruptcy reorganization;Then from the enterprise internal and external stakeholders and the social aspects of the cause of bankruptcy reorganization is analyzed;last,This paper studies the effect of the bankruptcy reorganization of Antong Holdings from the aspects of direct effect,market effect,financial performance and stakeholder effect,The research results show that the bankruptcy reorganization effect of Antong Holdings is significant,Good economic effect and social effect have been achieved.Through the study of its holding bankruptcy reorganization,enrich the case of bankruptcy reorganization research in China,provides the theoretical help of bankruptcy reorganization,expect not only to the plight of debt enterprise bankruptcy reorganization help,also can make in the normal state of business examine their own problems,veterinarian,prevent enterprises in trouble.