What are the acquisition procedures of unlisted companies?

Legal analysis: 1. Both parties negotiate and sign an acquisition agreement; 2. Prepare the company's balance sheet and property list; 3. Inform the creditors in time and make an announcement in the newspaper; 4. Apply for the change registration of the acquired company and the cancellation registration of the acquired company.

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

Article 173 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. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.

Article 174 When a company is merged, the creditor's rights and debts of the merging parties shall be inherited by the surviving company or the newly established company after the merger.