Approaches to Asset Stripping of Joint Venture Railway Companies in Regional Restructuring
In the context of advancing the regional restructuring of joint venture railway companies under the"one province,one company"model,the implementation of non-restructured asset stripping for cross-provincial companies or companies managing multiple railway network functional projects has a significant impact on restructuring costs and work progress.Based on relevant research and initial practices,this paper analyzes the constraints faced by joint venture railway companies in executing asset stripping during regional restructuring.It outlines four alternative asset stripping approaches and conducts a comparative study on these methods,focusing on two perspectives:tax planning and operation timeframes.Appropriate stripping approaches are selected by considering factors such as the scale and appreciation of non-restructured assets,the company's operational conditions,shareholder composition,and coordination challenges.Additionally,through case studies,this paper provides supporting evidence and operational guidelines aimed at assisting joint venture railway companies in accelerating their regional restructuring efforts and enhancing their market-oriented and legally compliant operations.
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