Does the merger of listed companies need to be announced?

Announcement. After the acquisition agreement of a listed company is reached, the purchaser must report the acquisition agreement in writing to the the State Council regulatory authorities and the stock exchange within 3 days, and make an announcement. Shareholders have the right to know these things.

legal ground

Article 172 of the Company Law of People's Republic of China (PRC) * * * The merger of companies can adopt 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.