State-owned enterprises reorganize the merger and acquisition process?

Merger and reorganization of enterprises refers to the merger and equity transfer of enterprises according to certain procedures, in order to realize the transformation of enterprises and achieve the purpose of enterprise reorganization, while taking into account the interests of employees and other aspects. The general process of enterprise merger and reorganization: 1, the merged enterprise carries out assets verification, cleans up creditor's rights and debts, and defines property rights; 2. Both parties to the merger shall submit a feasibility report, solicit the opinions of the creditor bank of the merged enterprise, and obtain the consent of the main creditors. A joint-stock company must form a resolution through the board of directors or the shareholders' meeting; 3. Regarding matters related to the merger, the opinions of the employees of both enterprises shall be solicited by convening a workers' congress; 4. Both parties to the merger negotiate on the form of the merger and the basic contents such as asset disposal, creditor's rights and debt guarantee and employee placement, and reach an agreement on the merger 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. Mergers involving special industries, mergers of listed companies of large and medium-sized state-owned and state-holding enterprises, and mergers of provincial enterprises shall be submitted to the Provincial Economic and Trade Commission for approval by the competent department of provincial enterprises of the local government in conjunction with relevant departments such as banking, finance and labor; Mergers and acquisitions involving listed companies should also seek the opinions of securities regulatory agencies; The examination and approval of the merger and reorganization of other state-owned and state-controlled small enterprises shall be examined and approved by the administrative office or authorized department of the people's government of each city (prefecture); 8. After the modification of the merger agreement is completed, the legal representatives of both parties shall sign the merger agreement; 9, in accordance with the merger agreement and approval documents, the implementation of merger, asset transfer, industrial and commercial registration, tax registration and other related procedures; 10. The merger is completed after the investors of both parties and relevant government departments conduct acceptance.