The merger and acquisition of state-owned enterprises, whether overseas or domestic, requires asset evaluation. Therefore, company acquisition and audit are necessary. Merger and acquisition of enterprises is an extremely complicated operation process, involving many economic, legal and policy issues, and the operation procedures of merger and acquisition of different enterprises are not the same. Therefore, China's relevant laws and regulations have made relevant provisions on the procedures of enterprise merger and acquisition, so as to standardize the merger and acquisition behavior, reduce the risk of merger and acquisition and improve the efficiency of merger and acquisition.
legal ground
Article 9 of the Measures for the Administration of the Acquisition of Unlisted Public Companies
When a listed company purchases a listed company, it shall employ a professional institution with the qualification of financial consulting business as a financial consultant, except that the purchaser becomes or intends to become the largest shareholder or actual controller of a public company through administrative allocation or change of state-owned shares, acquisition of shares by inheritance, transfer of shares between different entities controlled by the same actual controller, acquisition of new shares issued by a public company, and judicial judgment.