Stock right transfer process of listed companies

Legal analysis: Equity transfer refers to the civil legal act that shareholders of a company transfer their shares to others according to law. Equity transfer is very common in the operation of limited liability companies, and the company's equity transfer must follow specific legal procedures. The main process is as follows: 1. If the equity is transferred to a third party other than the shareholders, it must be discussed and voted by the shareholders' meeting; If shares are transferred between shareholders, it is only necessary to notify the company and other shareholders; 2. Both parties sign an equity transfer agreement to clarify the rights and obligations of equity transfer; 3. All equity transfer involving state-owned assets should be evaluated; 4. The equity transfer of Chinese-foreign joint ventures and Chinese-foreign cooperative companies shall be approved by the original examination and approval authority before the transfer formalities can be handled; 5. Issue a capital contribution certificate to the new shareholders; 6. Revise the register of shareholders and the articles of association, and go through the industrial and commercial change registration at the Industrial and Commercial Bureau.

Legal basis: Article 71 of the Company Law of People's Republic of China (PRC). Shareholders of a limited liability company may transfer all or part of their shares to each other. Shareholders' transfer of equity to persons other than shareholders shall be approved by more than half of other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity; Do not buy, as agreed to transfer. Under the same conditions, other shareholders have the priority to purchase the equity transferred with the consent of shareholders. If two or more shareholders claim to exercise the preemptive right, their respective purchase proportions shall be determined through consultation; If negotiation fails, the preemptive right shall be exercised in accordance with their respective investment proportions at the time of transfer. Where there are other provisions on equity transfer in the articles of association, such provisions shall prevail.