"Practical Guide for Shareholder Control Acquisition in A-share Listed Companies" Released: From Transaction Path to Regulatory Inquiry
In recent years, under the combined influence of regulatory environment, market logic and the demand for industrial integration, the practice of controlling rights acquisition of listed companies in the A-share market has presented new characteristics and trends. Against this backdrop, how to legally and compliantly carry out and complete the acquisition project while meeting the current regulatory requirements is a matter of great concern for market participants. Based on the study of a large number of market cases and combined with the practical experience of past projects, the law firm of Guo Xianhao from Shanghai DHHT Law Firm compiled "A Guide to Legal Practice for Control Rights Acquisition of Listed Companies in A-share Market", systematically sorting out and answering relevant practical issues.
This guide systematically sorts out and answers the key practical issues in the acquisition process of A-share listed companies from five aspects: the selection of acquisition methods for controlling rights of listed companies, the procedural requirements in the transaction stage, the setting of main transaction terms in the agreement acquisition, the common review and inquiry questions from regulatory authorities, and the common questions and answers in the business of transferring shares of listed companies through agreements. It is provided for readers' reference.
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01 What can this guide be referred to for regarding the transaction scenarios
This guide focuses on the practical issues in the control rights acquisition process of A-share listed companies.
For the acquirers, listed companies and related shareholders who are planning or implementing the control rights acquisition of listed companies, they can obtain references in terms of transaction methods, transaction processes and core terms through this guide, understand the common problems and processing requirements in related businesses;
For the lawyers, financial advisors and other professional intermediaries involved in related projects, they can refer to the transaction cases, legal norms and regulatory inquiries in the guide to provide references for specific handling projects;
The content of the guide is not an abstract theoretical discussion, but a practical sorting based on market case studies and project practical experience.
02 Five parts, covering the main practical links of control rights acquisition
The book is divided into five chapters:
Chapter One: Main methods of A-share listed company control rights acquisition
Combining transaction cases and applicable scenarios, it introduces different acquisition paths such as agreement acquisition, tender offer acquisition, secondary market acquisition, private placement, and reorganization listing.
Chapter Two: Transaction process of A-share listed company control rights acquisition
It focuses on the pre-preparation, due diligence and suspension, agreement signing and information disclosure, approval and delivery, and subsequent integration and development stages.
Chapter Three: Setting of main terms in the agreement acquisition of listed company control rights transaction and matters to be concerned
It focuses on the term setting issues such as the transaction subject and pricing mechanism, payment and delivery arrangements of the price, transition period, representations and warranties, and liability for breach in the agreement acquisition.
Chapter Four: Common inquiries of the stock exchange regarding listed company acquisition projects
It sorts out the common core inquiries questions of the stock exchange regarding listed company control rights transfer projects in recent years, and attaches relevant legal norms as references for practical operations.
Chapter Five: Common questions and answers regarding the agreement transfer of listed company shares business
It organizes the common problems in the listed company share agreement transfer business.
03 Author team
Guo Xianhao
Email: xhguo@dehehantong.com
Managing Partner of Shanghai DHHT Law Firm, specializing in securities and capital markets, investment and merger and acquisition, commercial litigation and arbitration. Graduated from East China University of Political Science and Law and obtained a law master's degree.
In 2024, selected as 2024-2025 Puhe District Guangqi Talent;
In 2025, received the 2024 Capital Market Field Brand Star: Craftsmanship Lawyer title from Lixin News Agency;
In 2025, the cases such as Jiangsu Zhuoyi Information Technology Co., Ltd. acquiring Aiypyang Technology (Shenzhen) Co., Ltd. and Shanghai Lianrui Financing Leasing Co., Ltd. successfully issuing the first green directional asset-backed note in 2024 received the LegalOne Merits Remarkable (Excellent) rating;
In 2025, selected as the 2026 The Legal 500 China Elite List (Corporate and Mergers and Acquisitions);
In 2026, selected into the 2025 Lixin News Agency Top 20 - Recommended Lawyers by Clients (Yangtze River Delta) list.
