Study On Takeover Form Of Chinese Listed Company

Merge and Acquisition (hereinafter referred to as "M&A") are be used most frequently in modern economy. Every big corporate has expanded itself through M&A activities. I confirmed that twenty- first century is the century of M&A. To discuss M&A, especial as a representative for takeover of listed company, has significant and practice meanings for that to realize reconstruction of property right, to expand company's business, to rebuilt modern system of company and development of future.In 2006, revised "Securities Law" and " takeover of listed company administrative code " were enacted, which was considered as a symbol of improvement of Chinese stock market and its relevant law. Takeover of listed company has been attracted more and more public attention regardless of in China or oversea. Takeover of listed company means the legal act intending to get the control of a public corporation by the means of acquisition of its shares. It concerns the order of stock market. Recently, the development of domestic stock market gradually enter into a period of increasing, several problems related to takeover of listed company were exposed . So , thoroughly studies on takeover of listed company in domestic stock market are able to help our market establish good cycle in future. This thesis intends to analyses the form of takeover of listed company on basic legal and practice problems. This is the context and intention of the dissertation.This dissertation consists of five chapters, Chapter 1, defines the concept, characteristic of takeover of listed company, and expresses the basic rules of it which can make readers to have a conception about takeover of listed company. Chapter II, explants the form of takeover of listed company in China, and describes the regulation of takeover in developed countries. ChapterIII, analyses the problems of tender offer. Chapter IV, discusses some questions about agreed takerover, then put forward some feasible suggestion. Chapter V, briefly introduces other legal form of takeover of listed company for explanation that it should be brought into legal category. This thesis is a sign that I can hope to catch more and more people's eyes on takeover of Chinese listed company.