What are the ways of divestiture of enterprise assets?

Legal analysis: There are two main ways of divestiture of enterprise assets: one is to transfer enterprise securities, such as stocks and bonds, which can be purchased by the head office (parent company) or directly resold to other enterprises or individuals, and the other is to auction or directly sell enterprise's physical assets and intangible assets, such as materials, real estate and trademarks. The divestiture of enterprise assets is legal and normal under normal circumstances. It may be to liquidate some unprofitable assets, but it is more a question of corporate funds.

Legal basis: People's Republic of China (PRC) Company Law.

Article 137 The shares held by shareholders can be transferred according to law.

Article 138 Shareholders shall transfer their shares in a legally established securities exchange or in other ways prescribed by the State Council.

Article 139 Registered shares shall be transferred by endorsement or by other means prescribed by laws and administrative regulations. After the transfer, the company shall record the name and domicile of the transferee in the register of shareholders. Changes in the register of shareholders as mentioned in the preceding paragraph shall not be registered within 20 days before the convening of the shareholders' general meeting or five days before the benchmark date for the company to decide on dividend distribution. However, if there are other provisions in the law on the registration of changes in the register of shareholders of listed companies, those provisions shall prevail.

Article 140 Transfer of bearer shares

The transfer of bearer shares shall take effect immediately after the shareholders deliver the shares to the transferee.

Article 14 1 Transfer of shares by specific holders

The shares of the company held by the promoters shall not be transferred within one year from the date of establishment of the company. Shares issued before the public offering of shares by the company shall not be transferred within one year from the date of listing and trading of the company's shares on the stock exchange. The directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within one year from the date of listing and trading of the company's shares. The above-mentioned personnel shall not transfer their shares in the company within six months after leaving the company. The articles of association may make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company.

Article 159 Transfer of corporate bonds

Corporate bonds can be transferred, and the transfer price shall be agreed by the transferor and the transferee. Where corporate bonds are listed and traded on a stock exchange, they shall be transferred in accordance with the trading rules of the stock exchange.

Article 160 The mode of transfer of corporate bonds

Registered bonds shall be transferred by the bondholders by endorsement or by other means prescribed by laws and administrative regulations; After the transfer, the company shall record the name and domicile of the transferee in the corporate bond stub book. If the registered bonds are not transferred, the transfer shall take effect after the bondholders deliver the bonds to the transferee.