Legal analysis: 1, the assets of the acquired enterprise are verified; 2. Both parties to the merger and acquisition shall submit a feasibility report to solicit the opinions of the creditor bank of the merged enterprise and obtain the consent of the main creditors; 3. Hold a workers' congress to solicit opinions from employees of both companies; 4. Both parties have reached an agreement on M&A intention; 5. Where the local government where the enterprise is located needs to provide preferential policies, the local government shall put forward audit opinions; 6, the people's government at the same level or authorized representatives of the merged enterprise investors to make a decision on the merger; 7. After the modification of the merger agreement is completed, the legal representatives of both parties shall sign the merger agreement; 8. Handling industrial and commercial registration, tax registration and other related procedures for asset transfer; 9. The investors of both parties to the merger and acquisition and relevant government departments] conduct acceptance, and the merger and acquisition is completed after the parties recognize it.
Legal basis: Article 185 of the Company Law of People's Republic of China (PRC). The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group. When a creditor declares its creditor's rights, it shall explain the relevant matters of the creditor's rights and provide supporting materials. The liquidation group shall register the creditor's rights, and the liquidation group shall not pay off the creditors during the declaration of the creditor's rights.