The shareholders of the company sell the company privately.

Legal analysis: According to the Company Law, the company's equity can only be transferred, and it still exists after the company sells its shareholders' equity. The company shall not be transferred without the resolution of the shareholders' meeting, and the transfer agreement without the signature of all shareholders at the time of transfer is invalid. Shareholders may bring a suit in a people's court and request the court to invalidate the company's sale and transfer agreement. The legal representative of the company shall be responsible for the losses caused by this transfer.

If the major shareholder of the company is already holding shares, even if a shareholders' meeting is held, the resolution to transfer the company will be passed without paying attention to the minor shareholders, which is also in violation of the transfer procedure. Minority shareholders can bring a lawsuit to the court, requiring the major shareholders to acquire the equity of minority shareholders before transferring the company.

Legal basis: Article 35 of the Company Law of People's Republic of China (PRC) shall not withdraw capital contribution. After the establishment of the company, shareholders may not withdraw their capital contribution.

After the establishment of the company, the people's court shall support the request of the company, shareholders or creditors of the company that the behavior of shareholders meets one of the following circumstances and damages the rights and interests of the company:

A. Transfer the capital contribution into the company account and transfer it out after capital verification;

B. transfer capital contribution through fictitious creditor-debtor relationship;

C. Making false financial and accounting statements and inflating profits for distribution;

D. using related party transactions to transfer capital contribution;

E. other acts of withdrawing capital contribution without legal procedures.