1. The time required for stock assets reorganization is not necessarily the same, depending on the way, workload and scale of stock reorganization. The shortest time is 1-3 months, and the longest time is 1-3 years, generally not exceeding 3 years.

2. Asset reorganization refers to the process that the owners, controllers and economic entities outside the enterprise reorganize, adjust and allocate the distribution state of enterprise assets, or reconfigure the rights set on enterprise assets.

3. Reorganization process:

1 the acceptance office of the general office of the CSRC is responsible for receiving the application materials and conducting formal examination of the application materials of listed companies.

The application materials include written materials in triplicate (one original and two copies) and electronic versions.

After receiving the application materials transferred from the acceptance office, the supervision department of listed companies of China Securities Regulatory Commission shall make a decision on whether to accept the application or issue a notice of correction within 5 working days.

If the rectification notice requires the listed company to make a written explanation, the listed company and the independent financial adviser shall make a written reply within 30 working days from the date of receiving the rectification notice.

5 If a complete and compliant reply cannot be provided within the time limit, the listed company shall make an announcement on the progress of this major asset reorganization and the specific reasons for failing to provide a reply in time on the day after the due date.

After receiving the correction reply from the listed company, the Listing Department of China Securities Regulatory Commission shall make a decision on whether to accept it within 2 working days and issue a written notice. After acceptance, the relevant provisions of the Securities Law on the review period shall apply to the stock issuance.

7 In order to ensure the auditors to independently review the written application materials, the listing department of the CSRC implements a "silent period" system from receiving the materials to giving feedback, and does not accept applicants to visit.

4. Legal basis: Measures for the Administration of Major Asset Restructuring of Listed Companies

Article 27 The China Securities Regulatory Commission shall, in accordance with legal conditions and procedures, make a decision on whether to approve or disapprove the trading application of listed companies under the circumstances specified in Article 13 of these Measures.

China Securities Regulatory Commission put forward feedback in the audit and asked the listed company to make a written explanation and explanation. The listed company shall provide a written reply within 30 days from the date of receiving the feedback, and the independent financial adviser shall cooperate with the listed company to provide a written reply. If it fails to provide it within the time limit, the listed company shall make an announcement on the progress of the transaction and the specific reasons for failing to provide a reply in time on the day after the due date.

Second, how is the M&A fund?

At present, M&A funds mostly appear in mature markets, belonging to the _ end of private equity investment (PE), and also the mainstream model of PE in mature markets in Europe and America. Different from angel funds and growth funds, M&A funds mainly choose mature enterprises, while angel funds and growth funds mainly invest in entrepreneurial enterprises. The traditional M&A fund aims to gain the control of the target enterprise and seek the management right of the enterprise, while angel fund and growth fund exist in the form of equity participation and rarely participate in the daily operation and management of the enterprise.

It is usually good to set up an M&A fund. The difference between M&A fund and other types of investment is that venture capital mainly invests in entrepreneurial enterprises, and M&A fund chooses mature enterprises; Other private equity investments are not interested in corporate control, while M&A funds want to gain control of the target enterprise.

M&A Fund is a fund that focuses on M&A, the target enterprise. Its investment method is to acquire the control right of the target enterprise by acquiring the equity of the target enterprise, and then sell it after a certain period of restructuring and transformation.

We can learn that according to the regulations,

There is no specific regulation on how long it takes for listed companies to restructure their assets.

Asset reorganization is carried out by the owners and controllers of enterprise assets and the economic entities outside the enterprise.

I hope you can understand. The above is the content compiled by Bian Xiao. If you have any questions, you can consult relevant lawyers.