What are the steps of "reorganization" of listed companies?

The reorganization of listed companies has the following steps:

1, thoroughly investigate and collect data.

Conduct a comprehensive investigation on the economic benefits, assets and financial status, internal organization, personnel status, social status, product technology and equipment status and enterprise management status of the reorganized enterprise.

2. Clear thinking and design scheme

Set up a leading group for enterprise restructuring, organize effective personnel, and start to analyze the internal and external status quo and problems of enterprises. Clarify the purpose and basic ideas of enterprise reorganization. On this basis, a series of reorganization documents such as enterprise reorganization implementation plan, company articles of association, group articles of association and supporting plans are drawn up.

3, staff discussion, report for approval.

Give the "implementation plan" to employees for discussion, tell employees the principles and steps of reorganization, and listen to their opinions. At the same time, employees should be mobilized and educated, and senior and middle managers of enterprises should be classified and trained to unify their thinking and understanding. Send the "Implementation Plan" to all relevant departments for comments, and finally modify the plan with the guidance and help of relevant government departments, and report it to the state-owned assets supervision and administration institution for approval.

4. Assets, defining property rights.

According to the relevant provisions of the state, carry out asset verification, asset inventory, inventory and other work. Accurately evaluate the assets to be reorganized. Define property rights, clear up creditor's rights and debts, verify the amount of enterprise property occupied, divide operating assets and non-operating assets, and eliminate and strip three types of assets (non-main business assets, idle assets and effective assets of closed bankrupt enterprises) and non-operating assets from total assets.

5. Draw up the equity structure of the restructured enterprise.

In enterprise reorganization, how to realize the diversification of property rights, whether the state-owned shares are holding, participating in shares or withdrawing completely, and how to determine the equity ratio of social legal person shares and employee shares can stimulate and restrain effective checks and balances, and it is necessary to determine a scientific and reasonable equity structure and establish a standardized modern property rights system.

6, through the property rights trading market, determine the price of restructuring assets.

The disposal of state-owned assets shall be publicly traded in legally established property rights trading institutions, and shall not be traded privately. The information on the transfer of property rights must be fully disclosed, the transferee should be widely collected, and the price of restructured assets should be determined through market-oriented means such as agreement, bidding and auction.

7. Handle property rights delivery and legal procedures.

According to the property rights transfer contract, the property rights shall be delivered, and then the formalities for industrial and commercial, land and property rights change shall be handled with the transaction confirmation issued by the property rights trading institution.

8. Issue a reorganization announcement.

In the above process, the relevant stocks shall be suspended and announced regularly. The surge you mentioned can only be that well-informed funds have entered the market before the reorganization and suspension of trading, or that institutions scrambled to raise funds after the reorganization and resumption of trading, resulting in several consecutive daily limit.