State regulations on mergers and acquisitions of unlisted companies

The merger and reorganization policies of unlisted companies include reusing the capital market, increasing financial input, improving land use policies, guiding enterprises to carry out cross-border mergers and acquisitions, removing obstacles to cross-regional mergers and acquisitions, and relaxing market access for private capital.

legal ground

Article 3 of the Measures for the Administration of Major Asset Restructuring of Unlisted Public Companies

A public company that implements major asset restructuring shall meet the following requirements:

(1) The assets involved in major asset restructuring are priced fairly, and there is no circumstance that damages the legitimate rights and interests of public companies and shareholders;

(2) The ownership of assets involved in major asset restructuring is clear, there are no legal obstacles to asset transfer, and the related creditor's rights and debts are handled legally; The assets purchased shall be operating assets with clear property rights;

(three) the implementation of major asset restructuring is conducive to improving the asset quality of public companies and enhancing their ability to continue to operate, and there is no situation that may lead to the main assets of public companies being cash or having no specific business after restructuring;

(D) the implementation of major asset restructuring is conducive to the formation or maintenance of a sound and effective corporate governance structure for public companies.