1. The concept and function of restructuring investors;
A. Reorganized investors, also known as "reorganizers" or "reorganizers" in practice, refer to natural persons, legal persons or other organizations that provide funds or other resources for debtors to help them pay off their debts and restore their business ability when they are unable to get rid of their business and debt difficulties. The purpose of restructuring investors' investment in capital and assets is to obtain new creditor's rights or equity of the restructured enterprise, so as to control the restructured enterprise or obtain certain commercial returns.
B. In judicial practice, in addition to professional investments such as asset companies, investment companies and fund companies, restructuring investments may also be enterprises in the same industry and upstream and downstream enterprises, and sometimes they may also be shareholders of creditors or debtors.
C. For example, in the bankruptcy reorganization case of Qingdao Shipyard Co., Ltd., shareholders Beijing Jianlong Heavy Industry Group Co., Ltd. and Qingdao Enterprise Development Investment Co., Ltd. are co-investors. The bankruptcy reorganization case of Wuxi Suntech Solar Power Co., Ltd. and the bankruptcy reorganization case of Shanghai Chaori Solar Technology Co., Ltd. are both investors from the same industry. Restructuring investors is an important force in enterprise restructuring. The role of restructuring investors in restructuring enterprises is not only to help them obtain necessary funds and high-quality assets, solve their short-term financial difficulties and expand the sources of debt repayment funds, but more importantly, to solve the technical, management and market problems that enterprises are in trouble, so as to fundamentally improve their profitability and promote their successful transformation and upgrading.
D. The reorganization practice in recent years fully shows that the introduction of suitable reorganization investors plays a vital role in whether the reorganization enterprise can achieve the dual goals of debt repayment and business transformation, such as the He Siyuan (Shanghai) Iron and Steel Industry Equity Investment Fund Center (Limited Partnership) in the bankruptcy reorganization case of Chongqing Iron and Steel Corporation.