1. Asset replacement of backdoor listing. In order to achieve the purpose of listing, some companies will buy all the assets of some listed companies facing delisting, and then replace them with their own high-quality assets. After the replacement, the original listed company will become a brand-new listed company, which may have been a expressway company, but it will completely become a brokerage company after the replacement.
2. Avoid asset reorganization of related party transactions. A milk company listed its own milk processing plants, but the milk source base was not listed. As a result, the price went up, the milk source base earned more, the milk processing factory earned less, and the shareholders of listed companies were dissatisfied. Therefore, through restructuring, the assets and profits of the milk source base have also been included in the listed companies. This kind of reorganization is usually done through private placement.
3. Stripping the business unrelated to the main business. Company A is a large chain restaurant, which also sells tobacco. In order to concentrate on the development of catering, tobacco sales companies sell to other companies at fixed prices and are no longer included in listed companies. This is usually achieved through equity transfer.
Of course there are many other forms. However, I think you should know something about reorganization.
Suspension of trading is a system of the exchange, because reorganization and other behaviors will have a great impact on the stock price, and it is difficult to make information public and transparent. In order to ensure fairness, the exchange requires that the stock trading of major asset restructuring companies must be suspended.