The acquisition of a company by a listed company does not make it a listed company. A listed company is a whole and a company. Since it was acquired by a listed company, it became a subsidiary of the listed company, a part of the listed company, not an independent company. When a listed company acquires other companies, it will generally solve the acquisition funds by issuing additional shares or borrowing money. After the acquisition is completed, the acquired company will become the assets or subsidiaries of the listed company.
Legal basis: Article 5 of the Measures for the Administration of the Acquisition of Listed Companies in People's Republic of China (PRC), a purchaser may become the controlling shareholder of a listed company through the acquisition of shares, become the actual controller of the listed company through investment relations, agreements or other arrangements, or obtain the control right of the listed company through the above ways and means. Buyers include investors and others acting in concert with them.