What about the acquisition process of small companies?

The acquisition process of small companies is: 1. Investigate the ownership structure and operation of the acquired company; 2. The acquirer makes the acquisition resolution; 3. The acquired company makes a transfer resolution in accordance with laws and articles of association; 4. Both parties sign an acquisition agreement and acquire equity according to the agreement; 5. After the acquisition is completed, the change registration shall be handled according to law.

legal ground

People's Republic of China (PRC) Company Law Article 5 A company engaged in business activities must abide by laws and administrative regulations, social morality and business ethics, be honest and trustworthy, accept the supervision of the government and the public, and assume social responsibilities. The legitimate rights and interests of the company are protected by law and shall not be infringed. Article 172 The merger of companies 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.