1. Default risk: The subsidiaries may sign contracts with related parties or third parties before business divestiture, which may lead to default risk. For example, a subsidiary signed a purchase contract with a supplier before the business divestiture, but failed to complete the purchase according to the contract, so the subsidiary may be liable for breach of contract.
2. Risk of employee labor disputes: Business divestiture may cause some employees to be transferred to other subsidiaries or affiliated enterprises, which may lead to employee labor relations disputes. For example, employees think that business divestiture has affected their legitimate rights and interests.
3. Tax risk: Business divestiture may lead to tax problems and legal liabilities of subsidiaries, such as income tax and business tax that may involve asset sales after business divestiture.
4. Financial risks: Business divestiture may lead to changes in the financial position of subsidiaries, such as changes in financial data and decrease in cash flow, which may lead to related financial risks.