Merger

Merger by absorption, it is to point to two or more companies after the merger, one company absorbing other company and continues to exist in the company, absorb subject qualification and destroy company merger. The combining party (or the purchaser) through the merger of enterprises have the combined party (or the acquiree) all of the net assets, the combined the cancellation of the combined party (or the acquiree) of the status as a legal person, the combined party (or the acquiree) held the assets, liabilities, after the merger of the combining party in a (the) or the assets, liabilities.

Merger by absorption can through the following two ways:

1, absorption and the party funds for the tendency to be absorbed party of all the assets of shares or, to be absorbed by the monetary fund to pay the party original shareholders, to be absorbed party company shareholders lose its partner qualification.

2, absorb party issuing new shares in exchange for absorption of all the assets of a party or shares, and be absorbed the company's shareholders a surviving company (absorption) party, which became the existence of the shares of the company's shareholders. The surviving company still keep the original company name, and to be absorbed all of a company's assets and liabilities summarized bear.