What legal knowledge is involved in company merger and acquisition?

Legal analysis: 1. Securities Law: Chapter II-Securities Issuance and Chapter IV Acquisition of Listed Companies are the basis and core of the legal system of merger and acquisition. 2. Company Law: Chapter IX-Company merger, division, capital increase and capital decrease, which regulates merger, division, private placement and share reduction in M&A.. 3. The Enterprise Bankruptcy Law adds the bankruptcy reorganization system, which provides a new legal path for the merger and reorganization of listed companies. 4. Chapter IV of the Anti-Monopoly Law-Concentration of Operators Article 20: "Concentration of operators refers to the following situations: (1) Concentration of operators; (2) An operator obtains control over other operators by acquiring equity or assets; (3) An operator obtains control over other operators through contract or other means, or can exert decisive influence on other operators ".

Legal Basis: Article 13 of the Measures for the Administration of the Acquisition of Listed Companies. When the shares held by investors and their concerted parties reach 5% of the issued shares of a listed company through securities trading in the stock exchange, they shall prepare a report on the change of equity within 3 days from the date of this fact, submit a written report to the China Securities Regulatory Commission and the stock exchange, and send a copy to the dispatched office of the China Securities Regulatory Commission (hereinafter referred to as the dispatched office) where the listed company is located, notify the listed company and make an announcement; During the above period, the shares of the listed company shall not be traded again. After the shares of the above-mentioned investors and their concerted actions reach 5% of the issued shares of a listed company, they shall make a declaration and announcement in accordance with the provisions of the preceding paragraph for every 5% increase or decrease in the proportion of the shares with interests in the issued shares of the listed company through securities trading in the stock exchange. During the reporting period and within 2 days after making the report and announcement, the shares of listed companies shall not be traded again.