论文部分内容阅读
“悲欣交集,一言难尽。”提起长航凤凰股份有限公司的破产重整经历,公司有关负责人脱口而出这8个字。从严重资不抵债一度面临退市风险,到近三年连续实现营业利润超过1000万元,长航凤凰按市场化法则化解危机,用法律手段推进重整,避免了破产清算,最终成功“涅槃”。借助于破产重整程序,长航凤凰摆脱了以往依赖国有股东财务资助、以“堵窟窿”方式挽救困境企业的传统做法,以市场化方式成功剥离亏损
“Joys and sorrows, a word of mouth. ” Mention the experience of bankruptcy reorganization of Phoenix Co., Ltd., the company responsible person blurted out these 8 words. Serious insolvent debts face the risk of delisting once in a row, achieving a continuous operating profit of more than 10 million yuan in the past three years. According to the market-oriented rules, the long-term venture capital Phoenix resolves the crisis and uses legal means to promote restructuring so as to avoid bankruptcy and liquidation and eventually achieve “ Nirvana ”. With the bankruptcy reorganization proceeding, the long-term venture capital Phoenix has escaped the traditional practice of relying on the state-owned shareholders’ financial aid to save the dilemma enterprise with the method of “blocking the hole” and successfully stripped the losses by the market-oriented way