Legal basis: Article 174th of the Company Law of People's Republic of China (PRC). 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.
Article 67 of the Civil Law of People's Republic of China (PRC): When a legal person is merged, its rights and obligations shall be enjoyed and assumed by the merged legal person.
Where a legal person is divided, its rights and obligations shall be jointly claimed by the divided legal person, unless otherwise agreed by the creditor and the debtor.