1, the decision-making body of the enterprise makes a merger resolution;
2. Determine the acquisition target. The first step of successful M&A is to choose the correct M&A goal, which has great influence on the future development of the enterprise.
3, due diligence and put forward specific plans for mergers and acquisitions;
4, reported to the state-owned assets management department for approval;
5. Conduct asset appraisal. Accurate evaluation of enterprise assets is the key to the success of enterprise merger and acquisition;
6. Determine the transaction price. On the basis of evaluating the price, the market price is determined by agreement, auction or bidding through public listing in the property rights trading market;
7. Sign the M&A agreement. After the M&A price is determined, the two parties reach an agreement on the main issues of M&A, and the owners of both parties formally sign the M&A agreement;
8. Handling liquidation and legal procedures for property right transfer;
9. announce mergers and acquisitions. After the merger is completed, both parties to the merger will issue a merger announcement through relevant media.
Measures for the Administration of Acquisition of Listed Companies
Article 23
Investors who voluntarily choose to buy shares of a listed company by way of an offer can make an offer to all shareholders of the acquired company (hereinafter referred to as a comprehensive offer) or make an offer to all shareholders of the acquired company to buy part of its shares (hereinafter referred to as a partial offer).