What is a split company?

Company spin-off is a division spin-off or other spin-off due to business needs. Generally speaking, companies can also be split when they go public. For example, a group only lists one company, not all. Article 175 of the Company Law stipulates that when a company is divided, its property shall be divided accordingly. When the company is divided, it shall prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the resolution of separation, and make an announcement in the newspaper within 30 days.