Does the parent company need shareholders' resolution for the merger of subsidiaries of the same shareholder?

Need. During the merger and acquisition of parent and subsidiary companies in 2023, it can be known that before the merger and acquisition, the parent company held a shareholders' meeting to make a "shareholders' meeting resolution" and the subsidiary company made a "shareholders' meeting to agree to the merger and acquisition decision". The parent company refers to the head office that is headquartered in the home country and effectively controls overseas economic entities through foreign direct investment in international business.