The process of listed companies' acquisition of the New Third Board Company

I. Determining the Intention of Acquisition Equity acquisition involves a series of complicated legal and financial issues. The whole acquisition process may take a long time, including the preliminary contact between the two parties to reach a basic intention. After reaching the basic acquisition intention, both parties should have a preparation stage to prepare for the successful completion of the later acquisition work. Second, the acquirer needs to reach an internal acquisition resolution. After the basic intention of acquisition is reached, both parties must make proper arrangements for the acquisition. If the acquirer is a company, it is necessary to convene a general meeting of shareholders to form a resolution on equity acquisition. The resolution is the basic document of the company as the acquirer. If the buyer is an individual, the individual can directly express his intention. Third, the acquired target company held a meeting. Shareholders of the target company must convene a shareholders' meeting and form a resolution, clearly agreeing to transfer and give up the preemptive right. The above resolutions of the shareholders' meeting are also the basic documents of the acquisition contract. 4. Investigate the acquired target company to understand its basic operation and financial situation. 5. Sign the acquisition agreement. The drafting and signing of the acquisition agreement is the core link of the acquisition work. The acquisition agreement must make unified arrangements for all issues involved in the acquisition. Once the agreement is signed, it will take effect immediately, and it is binding on both parties without approval. 6. Subsequent change procedures. Changes of shareholders, legal persons and articles of association, etc. , the target company and its shareholders must perform corresponding assistance obligations for the above change and registration procedures; Therefore, it is suggested to extend the payment time of equity transfer payment and reserve part of the deposit until the above procedures are completed.