Legal analysis: The basic procedure of company merger is as follows: 1. The shareholders' meeting of the merged company shall make merger resolutions respectively; 2. Each party to the merger shall prepare a balance sheet and a list of assets respectively; 3. The parties sign the merger agreement; 4. Notify creditors from the date of making the resolution. And publish an announcement in the newspaper. 6. After that, conduct accounting treatment such as reconciliation and report consolidation. 7. Verify the paid-in capital after consolidated statements. 8. Finally, apply to the registration authority for registration after the resolution is made. Subsidiaries apply for cancellation of registration, and group companies apply for change registration.
Legal basis: Article 173 of the Company Law of People's Republic of China (PRC). When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days.