/kloc-within 0/2 months. The merger and reorganization of listed companies is a kind of resource reorganization involving two parties or even many parties. The reorganization process needs to be submitted to the supervision department of listed companies of China Securities Regulatory Commission for review and profit approval.
Legal basis:
Measures for the Administration of Acquisition of Listed Companies Article 31 If the purchaser fails to announce the tender offer report within 60 days after issuing the suggestive announcement of tender offer, the purchaser shall notify the acquired company on the next working day after the expiration and make a public announcement; After that, it will be announced every 30 days until the tender offer report is announced.
If the purchaser intends to cancel the acquisition plan by himself after making the suggestive announcement of the tender offer and before the announcement of the tender offer report, the reasons shall be announced; Within 12 months from the date of announcement, the purchaser may not make another acquisition of the same listed company.