Ownership of the acquired subsidiary of the parent company

Legal analysis: If the parent company is acquired, the subsidiary company can set up another company. Relationship between subsidiary and parent company:

1. The subsidiary is actually controlled by the parent company, which has the actual decision-making power over the major issues of the subsidiary, can decide the composition of the board of directors of the subsidiary, and can directly exercise the power to appoint directors of the board of directors;

2. The relationship between the parent company and its subsidiaries is based on the agreement on the possession or control of shares. Generally speaking, shareholders with more shares have greater decision-making power over company affairs.

3. The parent company and subsidiaries are independent legal persons.

Legal basis: Article 13 of the Company Law of People's Republic of China (PRC) * * * A company may set up a subsidiary, which has the status of an enterprise legal person and independently bears civil liability according to law.