The difference between asset transfer and asset replacement

The difference between asset transfer and asset replacement is as follows.

1, acquisition and merger, acquisition and merger mainly refers to the acquisition of shares or assets of other enterprises by listed companies, merger of other enterprises, or merger of other enterprises by directional share expansion.

2. Equity transfer is another important way of assets reorganization of listed companies. In China, equity transfer mainly refers to the bulk equity transfer of listed companies, including paid equity transfer, secondary market acquisition, administrative free transfer and controlling shareholder acquisition.

3. divestiture of assets and sale of own shares. The divestiture of assets or the sale of its own shares is an important way for listed companies to restructure their assets. It mainly refers to the behavior that listed companies sell part of themselves to target companies and get benefits from them. According to the different objects of sale, it can be divided into physical assets divestiture and equity sale.

4. Asset replacement. Asset replacement is one of the important ways of asset reorganization of listed companies. In China, asset replacement mainly refers to the behavior that the controlling shareholder of a listed company replaces the dull assets of the listed company with high-quality assets or cash, or replaces the non-main business assets with the main business assets. Asset replacement is considered to be the fastest and most obvious way of asset reorganization and is often used.