What does it mean to go public?

The listing of a company refers to the process that involves the paid transfer of state-owned assets, and it is necessary to entrust a property rights trading institution to publicly disclose the transfer information and widely collect the transferee. When collecting the transferee, the transferor may put forward the necessary transferee conditions for the transferee's qualification, business reputation, operating status, financial status, management ability and asset scale.

legal ground

Paragraph 1 of Article 14 of the Interim Measures for the Administration of the Transfer of State-owned Property Rights of Enterprises

The transferor shall entrust the property rights transfer announcement to the property rights trading institution to publish it on the websites of economic or financial newspapers and property rights trading institutions publicly issued at or above the provincial level, publicly disclose the information on the transfer of state-owned property rights of enterprises, and extensively solicit the opinions of the transferee. The announcement period of property right transfer is 20 working days.