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The time of reorganization depends on many factors, such as the type of reorganization, enterprise size, asset composition and local administrative approval process. Simple restructuring may be completed within three months, while complex restructuring, such as involving large-scale assets or diversified debt, may take a year or more. For example, according to the Enterprise Bankruptcy Law of the People's Republic of China, debt restructuring should take at least six months, and a draft restructuring plan should be submitted. Asset restructuring of listed companies usually takes three months or more, depending on the size and complexity of assets.
#Company operation
1401 readings
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After the failure of major asset restructuring, enterprises usually need to wait 1-3 months to restart the process. The new regulatory policy will shorten the cooling off period from three months to one month. After the listed company publishes the reorganization plan or draft, if it abandons the reorganization, it shall not be started again within one month. If it is restarted within three months, it is necessary to specify the reasons for the previous termination and the re launch within a short time.
#Company operation
1021 readings
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The meeting can be passed no later than three years after the feedback from the reorganization. The time required for stock restructuring is uncertain. The time required is also different according to the way, workload, scale, etc. of stock restructuring. Generally speaking, the time required is from one month to three months for a short time, and from one year to three years for a long time, which generally does not exceed three years.
#Company operation
1405 readings
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The suspension time of asset restructuring is stipulated as that in order to give consideration to the lock up demand of major asset restructuring and the trading rights of investors, only the restructuring application for suspension of trading that pays the trading consideration in the form of shares is allowed, and the suspension time shall not exceed 10 trading days. In the process of planning and brewing major asset restructuring matters, a listed company shall, at the latest, submit an application to the Listing Department for continuous suspension of trading of shares before sending the materials for the meeting of the Board of Directors to the directors of the company.
#Company operation
1289 readings