1, preliminary preparation First of all, enterprises with M&A needs need to hire intermediaries to assist their M&A activities. Initially design the outline of the object to be merged, and find the merger target accordingly, and then compare and analyze the appropriate target company.
2. Scheme design: analyze and evaluate the evaluation results of M&A objects and the restrictions related to M&A (such as payment cost and payment method). ), design the relevant M&A scheme, and comprehensively plan the scope, procedures, consideration, payment methods, financing channels, tax arrangements, accounting treatment, compliance review and potential risks of M&A. ..
3. Negotiate and sign a contract, formulate an acquisition plan or letter of intent according to the determined plan, contact and negotiate with the acquired party, and modify the letter of intent or find a new acquisition object by communicating the negotiation results.
4. Declaration and review: Buyers and intermediaries submit materials related to mergers and acquisitions to the China Securities Regulatory Commission, and the China Securities Regulatory Commission sets up a merger and reorganization committee to review the submitted materials. After approval, both parties can sign the M&A Contract and handle the relevant equity registration or asset ownership transfer.
5. After the merger is completed, in order to realize the purpose and expectation of the merger, the company must further integrate the corporate governance structure, personnel arrangement, management system and corporate culture after the merger, and finally realize the benefits and objectives of the merger.