Is it a criminal case for shareholders to sell company assets?

The sale of company assets by shareholders is a criminal case. Because the assets belong to the company, not to the individual shareholders, according to the relevant laws and regulations, anyone who illegally occupies the property of his unit by taking advantage of his position shall be subject to criminal punishment.

legal ground

Article 27 1 of the criminal law

Personnel of companies, enterprises or other units who, by taking advantage of their positions, illegally take the property of their own units for themselves, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention; If the amount is huge, he shall be sentenced to fixed-term imprisonment of not less than five years and may also have his property confiscated.

Personnel engaged in public service in state-owned companies, enterprises or other state-owned units and personnel appointed by state-owned companies, enterprises or other state-owned units to engage in public service in non-state-owned companies, enterprises or other units shall be convicted and punished in accordance with the provisions of Articles 382 and 383 of this Law.