Relevant provisions on the restructuring of a joint stock limited company into a limited liability company

A limited company is reorganized into a joint-stock company in the following ways:

(1) overall reorganization. That is, based on all the assets of the enterprise, through asset reorganization, the whole enterprise will be transformed into a standardized enterprise that meets the requirements of the modern enterprise system;

(2) partial reorganization. That is, the enterprise reorganizes with some assets, establishes a new enterprise by absorbing investment from other shareholders or transferring part of equity, and the original enterprise continues to be retained;

(2) Other methods.

legal ground

Article 9 of the Company Law of People's Republic of China (PRC)

When a limited liability company is changed into a joint stock limited company, it shall meet the conditions of a joint stock limited company as stipulated in this Law. When a joint stock limited company is changed into a limited liability company, it shall meet the conditions of a limited liability company as stipulated in this Law.

Where a limited liability company is changed into a joint stock limited company, or a joint stock limited company is changed into a limited liability company, the creditor's rights and debts before the company change shall be inherited by the changed company.