There are the following methods: (1) tender offer. Tender offer means that investors make an offer to all shareholders of the target company, expressing their willingness to buy shares of the target company according to the terms of the offer, so as to gain and consolidate control over the target company. Tender offer can be divided into compulsory tender offer and voluntary tender offer. The Securities Law stipulates compulsory tender offer, that is, when the purchaser holds 30% of the issued shares of a listed company, he shall issue an offer to all shareholders of the listed company to purchase all or part of the shares of the listed company according to law. (2) Agreement acquisition. It means that investors privately negotiate the price and quantity of shares with the shareholders of the target company outside the stock exchange and buy the shares of the target company in order to gain and consolidate the control over the target company. (3) other legal means. With the continuous development of social economy, the acquisition of listed companies will continue to improve. This provision leaves room for new acquisition methods of listed companies, but other legal methods should include administrative allocation or change, execution of court decisions, gifts and other ways to acquire.
Legal objectivity:
Company Law of the People's Republic of China
Article 172
Company merger 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.
Company Law of the People's Republic of China
Article 173
When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.
Company Law of the People's Republic of China
Article 174
When a company is merged, the creditor's rights and debts of the merging parties shall be inherited by the surviving company or the newly established company after the merger.