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Creditors may request the company after the merger or division to repay the arrears. The law stipulates that the creditor's rights and debts that existed before the merger of the company shall be inherited by the company survived the merger or the newly established company. Thus, after the company that owes money is merged with other companies, if
A cross-border trading entrepreneur holds 60% of the shares in a Hong Kong company, with the remaining 40% held by a natural person shareholder. He intends to transfer 20% of his shareholding to a relative. Having heard that “Hong Kong has no statutory pre-emption right,” he proceeded directly to sign a transfer agreement. However, after reviewing
The Price of Being a "Hidden Shareholder"In 2005, Lin, a foreign national of Chinese descent, entered into a Share Subscription and Custody Agreement with his domestic friend Chen. Lin provided the funds and purchased shares in a certain company in Chen's name, with Chen acting as nominee holder and custodian. The company subsequently com