Equity acquisitions and asset acquisitions specific differences and relations are the following:

1, M intentions. M & M party intent is to achieve the target company's control , reflecting the acquisition of equity stake in the level of control and asset acquisitions in the actual operation of the control. Although the level is not the same, but they are in order to achieve the target company's actual control , and then expand the acquirer actual production services in areas such influence .

2, M & A targets. Equity stake acquisition of the target company is the subject of a change in the target company shareholder level does not affect the operational objectives of corporate assets. Asset acquisition of the assets of the target company is the subject of such assets in kind or patents , trademarks , goodwill and other intangible assets , the change does not affect the ownership structure of the target company.

3, the transaction subject. Equity merger transaction is subject to shareholders of the acquirer and the target company, the rights and obligations between the acquirer and the target company's shareholders only occurs. Is the main asset acquisition transaction acquirer and the target company usually does not affect the rights and obligations of the target company's shareholders.

4, the nature of the transaction. The nature of the substance of the transaction as equity merger equity transfer or capital, mergers and acquisitions to become shareholders in the target company through mergers and acquisitions, and received in the target company's shareholders as dividend rights , voting rights, etc., but the target company's assets did not change. Nature of the asset acquisition is a general trading assets, relates only to the contractual rights and obligations of buyers and sellers.