产权流转 优化配置——中煤能源集团市场化收购案例分析

Property Rights Circulation and Optimized Allocation——Analysis on Marketized Merger Case of China Coal Energy Group

以"两矿一化"项目为案例,介绍了中煤能源集团在市场化收购中所采取的措施,总结了兼并重组的有关体会,并提出观点:兼并重组是资源型企业持续发展、获取资源的必要手段;收购有助于实现产业基地战略布局,收购方须提升经营水平以提高投资回报水平;收购要注重资源本身的质地。

Based on a ＂two mines integration＂ project as a case, the paper analyzed the measures conducted by China Coal Energy Group in the marketized merger and summarized the related experiences on the merger and reorganization. The com- ments showed that the merger and reorganization would be the necessary means of the sustainable development and having more resources for the resources type enterprises. The merger would be favorable to realize the strategic arrangement of the in- dustrial bases and the buyer party should upgrade its operation level in order to improve the investment recovery level. The merger should lay stress on the quality of the resources.