What is Voluntary Liquidation?

Liquidation is a legal process. The company s production operations are stopped. All assets (including machinery, factories, offices, and properties that make money) are sold in a short period of time, converted back into cash, and then repaid (distributed) to the unpaid Debt, followed by a series of legal procedures to announce the company's dissolution.

Liquidation

Liquidation can be simply divided into two types, including:

Voluntary liquidation: members of the company such as partners, limited companies

Automatic winding-up can be divided into: automatic winding-up of company members and automatic winding-up of creditors.

If the company has too much debt, its creditors and / or company members can file a winding-up petition in the court.

After the winding-up petition is filed, the court will conduct a winding-up petition hearing, and finally the court will issue a mandatory winding-up order to order the company to wind up. A compulsory liquidation is a liquidation caused by the debtor's entry into the court to recover debts. After the creditor obtains the value order, the company will receive a formal notice to repay the debt within 21 days. If the company cannot repay, the creditor can apply to the court for a mandatory liquidation. If there is no objection to the company's application for winding up in the formal court, the court will appoint the Official Receiver's Office as the liquidator. If there are some complicated liquidation matters, an accountant can also be hired to handle it. In addition,

A winding-up petitioner who submits a winding-up petition

When the company owns

Open-end funds generally do not require their own

The banker makes all the seats in the stock exchange for stock trading, and needs to sign an agreement and pay a certain margin. in case

Liquidation

Liquidation of listed companies is an inevitable trend for China's stock market to mature. It will first use technological innovation to deal with issues left over from history, and all will rely on the Bankruptcy Protection Law for liquidation.

In the process of winding up, a listed company that is insolvent and has lost its operating conditions replaces a high-performance company with a listing through technological innovation. The provincial-level standardized operation guidance group at the place of registration led the winding-up of the original listed company. Case: 50 million shares outstanding, with a market value of 0.4 yuan before the suspension. An announcement was issued, and the original listed company's outstanding shares were reduced to 5 shares within 1 month. Shares (that is, 2 yuan per share) to buy the existing stock of the new company, you can also sell the old stock to cash. In theory, the full circulation risk management fund repurchases 50 million shares of the original listed company for 20 million yuan and 20 million yuan for the net assets of 1 yuan and 1 share to purchase the stocks of the newly listed company. In fact, the shareholders of the original circulation shares It holds 10 million new shares, the full circulation risk management fund holds 10 million new shares, and the new company uses 20 million yuan as the shell purchase price. After solving the two major problems of the placement of shareholders and employees in tradable shares, the bankruptcy procedures of the old company should be successfully resolved. After a new listed company has been operating in the third board market for one year, after the conditions of the new and old listed companies are all clear, it is recommended by the standard operating group and reported to the CSRC.