How to prevent the enterprise itself from being acquired, be specific.

In order to prevent hostile takeover, listed companies must establish a reasonable shareholding structure. As we all know, holding more than 50% shares will definitely not lead to hostile takeover, but holding less than 50% shares may happen. Common anti-takeover measures include the following: (1) "white knight" strategy. In the case of malicious mergers and acquisitions, friendly people or companies of listed companies come forward as a third party to rescue listed companies, resulting in the situation that the third party and the malicious acquirer compete for shares of listed companies until the acquirer is forced to give up the acquisition. (2) Concluding anti-takeover clauses in the articles of association. For example, the company's articles of association stipulate that it can only be re-elected every year 1/4 or 1/3. In this way, even if the acquirer acquires a certain equity, it cannot substantially reorganize the board of directors, that is, it cannot quickly enter the board of directors to control the company. (3) parkman strategy. When hostile acquirers made an offer, they made a tit-for-tat offer for the acquiring company. (4) Golden parachute strategy. The contract signed by the company's directors and senior managers with the target company stipulates that once the target company is acquired and the directors and senior managers are dismissed, the dismissed person can get a huge pension to increase the acquisition cost. (5) Poison pill plan is an anti-takeover measure to dilute equity or increase liabilities. For example, shareholders of preferred shares can be converted into common shares when the company is acquired, and bonds issued can be cashed when the company is acquired. At present, hostile takeover is rare in China due to the concentration of major shareholders' equity, but it is necessary to understand the company's anti-takeover strategy.