The total assets purchased and sold account for more than 50% of the total assets at the end of the audited consolidated financial accounting report of the listed company in the latest fiscal year;

The operating income from the purchase and sale of assets in the latest fiscal year accounts for more than 50% of the operating income of the audited consolidated financial accounting report of the listed company in the same period;

The net assets purchased and sold account for more than 50% of the net assets at the end of the audited consolidated financial accounting report of the listed company in the latest fiscal year, and exceed 50 million yuan.

There are various ways of enterprise reorganization. Generally speaking, there are the following types of enterprise reorganization:

1. merger: refers to the merger of two or more enterprises and the establishment of a new company.

2. Merger means merging two or more enterprises, but keeping the name of one of them.

3. Acquisition: An enterprise acquires the ownership of another enterprise by purchasing stocks or assets.

4. Takeover: In fact, it is the situation that the original controlling shareholder of the company loses its original controlling position because its shareholding is exceeded.

5. Bankruptcy: refers to the fact that an enterprise is in a state of loss for a long time, unable to turn losses into profits, and finally becomes a kind of enterprise failure due to its inability to repay due debts.

Is restructuring good or bad?

Corporate restructuring is generally not a bad thing. Reorganization generally means that a company is not developing well or even losing money. More capable companies invest high-quality assets for the company to replace bad assets, or promote the improvement of the company's asset structure through capital injection, so that the company's competitiveness is continuously strengthened. The success of reorganization generally means that the company will be thoroughly remoulded, which can save the company from losses or mismanagement and become a high-quality company.

Legal basis:

Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Laws in Handling Criminal Cases of Manipulating the Securities and Futures Market Article 3 Whoever manipulates the securities and futures market and the amount of illegal gains is more than 500,000 yuan shall be deemed as "serious circumstances" as stipulated in the first paragraph of Article 182 of the Criminal Law:

(1) Issuers, listed companies and their directors, supervisors, senior managers, controlling shareholders or actual controllers manipulate the securities and futures markets;

(2) The acquirer, the counterparty of major asset reorganization and its directors, supervisors, senior managers, controlling shareholders or actual controllers manipulate the securities and futures market;

(3) The actor knowingly manipulates the securities and futures market, and continues to implement it after investigation by the relevant departments;

(4) Being criminally investigated for manipulating the securities and futures markets;

(five) administrative punishment for manipulating the securities and futures market within two years;

(6) Manipulating the securities and futures market at a specific time, such as major abnormal fluctuations in the market;

(seven) causing adverse social impact or other serious consequences.