reorganization of capital　

reorganization of capital　资本重组　

Fundamental，voluntary change in a firm’s capital structure，effected by altering the voting rights of the providers of equity capital and/or loan capital；such as by converting common stock（ordinary shares）into redeemable preferred stock（preference shares）.Capital reorganization is resorted-to in case of serious financial and operating problems，such as loss of a major customer or the danger of an imminent bankruptcy.See also capital restructuring.