Does the purchase or sale of assets by listed companies constitute a major asset reorganization?

It depends on the specific situation. If the following conditions are met, it constitutes a major asset reorganization: 1, and the income from purchasing and selling assets accounts for more than 50% of the company's operating income; 2. The net assets bought and sold account for more than 50% of the company's net assets. When a listed company purchases or sells major assets that exceed 30% of the company's total assets, an effective resolution shall be made by the shareholders' meeting. Article 104 of the Company Law If this Law and the Articles of Association stipulate that matters such as company transfer, major asset transfer or external guarantee must be decided by the shareholders' meeting, the board of directors shall convene the shareholders' meeting in time, and the shareholders' meeting shall vote on the above matters. Article 121 Where a listed company purchases or sells major assets within one year or the amount of guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting, which shall be passed by more than two thirds of the voting rights held by the shareholders present at the meeting.