Will the company sell the equity of its subsidiary?

Legal analysis: it depends on the specific situation. Whether the equity transfer of subsidiaries is negative or positive cannot be generalized. It depends on who it is transferred to. If it is a directional transfer and introduces large capital, that's good.

Legal basis: People's Republic of China (PRC) Company Law.

Article 14 A company may set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.

Article 71 Shareholders of a limited liability company may transfer all or part of their shares to each other. The transfer of shares by a shareholder to a person other than the shareholder shall be approved by more than half of the other shareholders. Shareholders shall notify other shareholders in writing to agree to the transfer of their shares. If other shareholders fail to reply within 30 days from the date of receiving the written notice, they shall be deemed to have agreed to the transfer. If more than half of the other shareholders do not agree to the transfer, the shareholders who do not agree shall purchase the transferred equity; Do not buy, as agreed to transfer.