Can the shares of unlisted shareholders be transferred?

Shares of unlisted joint stock limited companies can be transferred. According to the relevant laws and regulations, the shares held by shareholders can be transferred, and the transfer shall be carried out in a legally established stock exchange or in other ways stipulated by the State Council. It mainly includes registered stock transfer and bearer stock transfer.

legal ground

Article 137 of the Company Law of People's Republic of China (PRC)

The shares held by shareholders can be transferred according to law.

Article 138

Shareholders shall transfer their shares in a legally established securities exchange or in other ways stipulated by the State Council.

Article 139

Registered shares shall be transferred by shareholders by endorsement or by other means prescribed by laws and administrative regulations; After the transfer, the company shall record the name and domicile of the transferee in the register of shareholders.

Article 140

The transfer of bearer shares shall take effect immediately after the shareholders deliver the shares to the transferee.