1. Send a letter of intent to M&A, and M&A will send a letter of intent to the acquired party.
2. Verification of information and implementation of due diligence refer to M&A enterprises' comprehensive investigation and understanding of the acquired enterprises.
3. Business negotiation, the core link of M&A, mainly involves the responsibilities and obligations of both parties, M&A mode, transaction price, M&A transaction mode, asset disposal of relevant personnel, M&A overall schedule, etc. , that is, the specific details of all the problems involved in mergers and acquisitions.
4. The confirmation of M&A, the clarification of M&A methods and details, the selection of M&A methods and the confirmation of corresponding details also have great influence on M&A cost.
5. sign the M&A contract. After the M&A parties respectively passed the M&A resolution within the enterprise, the relevant personnel were authorized to formally sign the M&A contract.
6. After examination and approval by the regulatory authorities, the securities industry does not belong to the industry where foreign capital mergers and acquisitions are strictly restricted by the state, and it still needs to be implemented in accordance with the relevant provisions in the Provisions on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors.
7. Follow-up M&A integration. Low price does not mean low price of M&A, which means low cost of subsequent integration.