Generally speaking, there are three modes of asset reorganization: one is expansionary reorganization, which is a way for a company to expand its asset scale and business scope, including enterprise merger (including merger), acquisition of companies, purchase of assets, acquisition of shares, joint venture and so on. It is adjustment and reorganization, also known as contraction and reorganization, and it is a way for a company to reduce its asset scale and business scope, including equity swap, equity swap, asset swap, asset divestiture and sale, and company division.
Legal basis: Measures for the Administration of Major Asset Restructuring of Listed Companies Article 11 The business entity corresponding to the purchase of assets by a listed company shall be a joint stock limited company or a limited liability company. And meet other issuance conditions stipulated in the Measures for the Administration of Initial Public Offering and Listing. In the last three years, the listed company and its controlling shareholder and actual controller have not been investigated by the judicial authorities for suspected crimes or by the China Securities Regulatory Commission for suspected violations of laws and regulations. However, the suspected crime or illegal behavior has been terminated for three years, and the trading plan can eliminate the possible adverse consequences of this behavior. And it does not affect the accountability of relevant actors. However, the company, its controlling shareholder and actual controller have not been publicly condemned by the stock exchange in the recent 12 months, and there are no other major acts of dishonesty, and there are no other situations identified by the China Securities Regulatory Commission that may damage the legitimate rights and interests of investors or violate the principles of openness, fairness and impartiality.