The process of merger and acquisition of parent company by subsidiaries is as follows: 1. The subsidiary determines the acquisition intention; 2. The subsidiary makes the acquisition resolution; 3. The parent company holds a general meeting of shareholders, and other shareholders give up the preemptive right; Four, the subsidiary of the parent company due diligence, clear the basic situation of the parent company; V. Sign the acquisition agreement and complete the change procedures. Article 172 of the Company Law stipulates that a company merger may take the form of absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.
Legal objectivity:
Article 172 of the Company Law of People's Republic of China (PRC) * * * The merger of companies can adopt absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.