1. The acquirer negotiates with the target company or its shareholders to get a preliminary understanding of the situation, and then reaches an acquisition intention and signs a letter of intent for acquisition. 2. With the assistance of the target company, the acquirer cleans up the assets, creditor's rights and debts of the target company, evaluates the assets, makes a detailed investigation on the management structure of the target company, and makes statistics on employees. 3. Representatives of both parties to the acquisition and creditors of the target company form a group to draft and pass the acquisition implementation plan. 4. The creditor and the acquired party reach a debt restructuring agreement, stipulating the debt repayment after the acquisition. 5. The two parties formally negotiate and sign an acquisition contract through negotiation. 6. Both parties shall submit this acquisition to the shareholders' meeting and other respective authorities for deliberation and voting in accordance with the Articles of Association or the Company Law and relevant supporting regulations. 7. Both parties shall submit the procurement contract to the relevant departments for approval or filing according to the requirements of laws and regulations. 8. After the acquisition contract comes into effect, both parties shall go through the formalities of asset transfer and management right transfer as agreed in the contract, and go through the formalities of industrial and commercial and tax registration change, including shareholder change registration, unless otherwise stipulated by law. Article 88 When the promoters of the Company Law of People's Republic of China (PRC) offer shares to the public, they shall sign a share offer agreement with the bank. The bank that collects the shares shall collect and keep the shares in accordance with the agreement, issue a receipt to the subscribers who paid the shares, and have the obligation to issue a receipt to the relevant departments.
Legal objectivity:
Article 74 of the Company Law stipulates that in any of the following circumstances, the shareholders who voted against the resolution of the shareholders' meeting may request the company to purchase its equity at a reasonable price: (1) The company has not distributed profits to shareholders for five consecutive years, but the company has made profits for five consecutive years and meets the conditions for distributing profits stipulated in this Law; (2) The merger, division or transfer of the company's main property; (3) Upon the expiration of the business term stipulated in the Articles of Association or other reasons for dissolution stipulated in the Articles of Association, the shareholders' meeting will adopt a resolution to amend the Articles of Association to make the Company survive. If the shareholders and the company fail to reach an equity purchase agreement within 60 days from the date of adoption of the resolution of the general meeting of shareholders, the shareholders may bring a lawsuit to the people's court within 90 days from the date of adoption of the resolution of the general meeting of shareholders.