1. Confirm the acquisition intention (sign the letter of intent for acquisition). Equity acquisition involves a series of complicated legal and financial issues. The whole acquisition process may take a long time, including the early contact between the two parties and the achievement of basic intentions.
2. The buyer makes a purchase decision. After reaching the M&A intention, both parties will make proper arrangements for the next M&A..
Three. The target company holds a general meeting of shareholders, and other shareholders give up the preemptive right. Shareholders' transfer of equity must be approved by more than half of the voting shareholders of the company. Under the same conditions, other shareholders have the preemptive right to the transferred equity.
4. Conduct due diligence on the target company, and make clear the basic information of the acquired object.
Verb (verb's abbreviation) signed the acquisition agreement. On the basis of the above work, the two sides finally reached an acquisition agreement and signed the acquisition agreement.
Legal basis: People's Republic of China (PRC) Company Law.
Article 172 The merger of companies may take the form of absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.
Article 173 When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.