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近两年来,尤其是1996年以来,在我国证券市场发展过程中发生了一系列上市公司购并的案例,这些案例有的是上市公司购并非上市公司以实现资产重组,有的是非上市公司购并上市公司实现“买壳上市”和“借壳上市”,有的是上市公司之间以及上市公司内部的资产重组,也有的是外资通过各种途径对我国上市公司进行购并,这些购并案例有些是通过法人股和国家股即非流通股的协议转让进行、也有一部分是通过二级市场即流通公众股的收购进行。我们应该看到,上市公司购并浪潮的涌起有其
In the past two years, especially since 1996, a series of cases of mergers and acquisitions by listed companies have occurred during the development of China’s securities market. Some of these cases are that listed companies purchase non-listed companies to achieve asset restructuring, and some non-listed companies purchase and list listed companies to achieve Listed on “buy-to-shell listing” and “backdoor listing”, some restructure the assets between listed companies and listed companies, and some foreign-funded acquisitions of listed companies in China through various means. Some of these mergers and acquisitions are through non-circulation of legal person shares and state shares. The transfer of the shares of the shares is also part of the acquisition of public stocks through the secondary market. We should see that there is a surge in the wave of mergers and acquisitions of listed companies.