Can companies listed on GEM acquire other companies?

Legal analysis: GEM listed companies can acquire other companies, but the acquisition behavior shall not infringe the interests of the company and shareholders.

Legal basis: Measures for the Administration of the Acquisition of Listed Companies in People's Republic of China (PRC) Article 3 The acquisition of listed companies and the change of related equity must follow the principles of openness, fairness and impartiality. The information disclosure obligor in the acquisition of a listed company and the change of relevant shares' rights and interests shall fully disclose their rights and interests in the listed company and their changes, and perform legal obligations such as reports and announcements in strict accordance with the law. Before the relevant information is made public, it is obliged to keep it confidential. The information reported and announced by the information disclosure obligor must be true, accurate and complete, and there shall be no false records, misleading statements or major omissions.