Is it necessary to obtain the consent of the creditors of the subsidiary when the parent company is acquired? Is there a transfer of existing debts?

The so-called company is the issue of equity transfer. Equity is the property of shareholders, independent of the company's property. Therefore, the transfer of equity does not require the consent of the company's creditors. If the shareholders have paid up the registered capital and fulfilled their capital contribution obligations, neither the new shareholders nor the original shareholders shall be liable for the debts of the company.