What are the basic procedures for mergers and acquisitions of listed companies?

The basic process of listed company M&A is as follows: 1 .M&A's target selection is compared with the target company in terms of asset quality, scale, product brand, economic location and market, region and production level. Through the full collection and arrangement of the information data of the target company, through various analysis and investigations, the target company is finally determined. The second is the timing of M&A, which predicts the M&A timing of the target company through continuous attention and information accumulation, and makes a preliminary feasibility analysis by using qualitative and quantitative models, and finally determines the right company and the right time. Three. M&A's initial works: 1. The operation department negotiates with the acquired party, and after signing the letter of intent, it will inform the relevant departments of the group about the specific situation of the project, and the legal department, administrative comprehensive department, financial department and other departments will investigate the project respectively. According to the requirements of the operation department, discuss and determine the feasibility. 2. After the meeting is passed, relevant departments shall organize special personnel to conduct due diligence. After due diligence, each department will conduct a feasibility study on the project based on various information. If it passes, the Operation Department will give priority, and other departments will participate in * * * to discuss the purchase price and draw up a comprehensive purchase plan. 4. In the implementation stage of M&A, negotiate with the target company to determine M&A mode, pricing mode and M&A fund payment method (cash, liabilities, assets, equity, etc.). ), the production of legal documents, the company's management personnel arrangement after determining M&A, the original employee solution, the handling of remaining problems and other related matters; And sign a formal contract text, and at the same time make information disclosure and announcement. Until the two parties fulfill the procedures of asset delivery and management right transfer according to the contract, and complete the transaction according to law, including the procedures of shareholder change registration and registered capital change registration (including but not limited to industry and commerce, taxation, legal person code, etc.). ). V. Integrated M&A For the company, it is not enough to realize the company's M&A only. Finally, the resources of the target company were successfully integrated and fully mobilized, resulting in expected benefits.