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It is well-know that a new rule governing major asset restructuring by listed companies established by China Securities Regulatory Commission (CSRC) . According to new rule, major asset restructuring such as asset purchases, sales and swaps can proceed without approval from the CSRC.A backdoor listing through acquiring a listed shell company need to be examined and approved by the CSRC. Requirements for a backdoor listing will be the same as those for an initial public offering.
What is the Restructuring ? The definition for China Asset restructuring
This type of corporate action is usually made when there are significant problems in a company, which are causing some form of financial harm and putting the overall business in jeopardy.A significant modification made to the debt, operations or structure of a company.The hope is that through restructuring, a company can eliminate financial harm and improve the business.
Who is the one that need the China Asset restructuring ?
Different banks lend them money and this sometimes may cause harm to them in terms of fiscal debts. Usually people borrow the money from banks on the purchase of any immovable property.Therefore the asset restructuring was introduced in order to check these frauds and repair in case of any fiscal loss.Furthermore the frauds of multiple lending could also be checked by means of the asset restructuring system.
System of asset restructuring for China Asset restructuring
The system of asset restructuring was introduced and it became functional for the first time in 2011. Now it is working efficiently in many companies of different countries. Many of the assets restructuring companies are government owned companies.
Licensing of asset restructuring companies for China Asset restructuring
These asset reconstruction companies are now being established under license. These legalized and licensed companies were established under the Companies Act of 1956.
Registration of asset restructuring for China Asset restructuring
Registrations are made on part of the individuals and interested candidates so as to get security for their debts and loans. All this has been made possible by efficient functioning and structuring of the asset management and restructuring.
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