Exit process of state-owned assets of joint-stock companies

Legal analysis: first, talk about the price. The negotiated price is the result of the withdrawal of shareholders through consultation with other shareholders. If both parties reach an agreement, the company can buy shares at the agreed price. The second is the price or calculation method agreed in advance in the articles of association. The company's articles of association may stipulate in advance the price of the company's share purchase as the price when the share purchase may occur in the future. Third, the judicial evaluation price. When the withdrawing shareholders can't reach an agreement with the company or other shareholders, litigation becomes the last choice. In the course of litigation, shareholders can apply to the people's court for judicial evaluation, and the court will entrust a professional evaluation agency to conduct the evaluation.

Legal basis: Under any of the following circumstances in Article 74 of the Company Law of People's Republic of China (PRC), the shareholders who voted against the resolution of the shareholders' meeting may request the company to purchase its equity at a reasonable price: (1) The company has not distributed profits to shareholders for five consecutive years, but the company has made profits for five consecutive years and meets the conditions for distributing profits stipulated in this law; (2) The merger, division or transfer of the company's main property; (3) Upon the expiration of the business term stipulated in the Articles of Association or other reasons for dissolution stipulated in the Articles of Association, the shareholders' meeting will adopt a resolution to amend the Articles of Association to make the Company survive. If the shareholders and the company fail to reach an equity purchase agreement within 60 days from the date of adoption of the resolution of the general meeting of shareholders, the shareholders may bring a lawsuit to the people's court within 90 days from the date of adoption of the resolution of the general meeting of shareholders.