What rules are involved in the cash acquisition of assets by listed companies?

Asset purchase refers to a civil legal act in which a company obtains all or part of the assets of another company for compensation. Asset acquisition is an important measure for the company to seek high-quality assets of other companies, adjust its business scale and implement its development strategy.

Asset acquisition has the following legal characteristics:

1. The main body of the asset purchase agreement is two companies as buyers and sellers, excluding company shareholders. Therefore, there are essential differences among asset acquisition, control acquisition and equity acquisition.

2. The goal of asset acquisition is to sell the company's specific assets, excluding the company's liabilities.

3. After the completion of the asset acquisition, the acquiring company and the target company each maintain independent legal person qualifications.

4. Although the legal relationship of asset acquisition is relatively simple, it may also generate corresponding transaction costs.