1. The total assets purchased and sold account for more than 50% of the total assets of the listed company at the end of the audited consolidated financial accounting report in the latest fiscal year;
2. The operating income generated from the purchase and sale of assets in the latest fiscal year accounts for more than 50% of the operating income of the audited consolidated financial accounting report of the listed company in the same period;
3. The net assets purchased and sold account for more than 50% of the net assets of the listed company at the end of the audited consolidated financial accounting report in the latest fiscal year, and exceed 50 million yuan.
If the purchase or sale of assets does not meet the above standards, but the China Securities Regulatory Commission finds that there are major problems that may damage the legitimate rights and interests of listed companies or investors, it may, according to the principle of prudent supervision, order listed companies to supplement the disclosure of relevant information, suspend trading, hire independent financial consultants or other securities service institutions for supplementary verification, and disclose professional opinions in accordance with the provisions of these Measures.
Legal basis: Measures for the Administration of Major Asset Restructuring of Listed Companies (draft for comments)
Article 21 When a listed company carries out major asset reorganization, the board of directors shall make a resolution according to law and submit it to the shareholders' meeting for approval.
The board of directors of a listed company shall make a clear judgment on whether a major asset reorganization constitutes a related party transaction and disclose it as a resolution of the board of directors.
Independent directors of listed companies shall, on the basis of fully understanding relevant information, express independent opinions on major asset restructuring. If a major asset reorganization constitutes a related party transaction, independent directors may hire independent financial advisers to express their opinions on the impact of this transaction on the unrelated shareholders of the listed company. A listed company shall actively cooperate with independent directors to consult relevant materials, and provide necessary support and convenience for independent directors to perform their duties by arranging on-site investigations and organizing reports from securities service institutions.