A company limited by shares refers to a company that is composed of a certain number of shareholders or more, and all of its capital is divided into equal shares. The shareholders only bear limited liability to the company for the shares they subscribe, that is, the amount of capital contributed, and the company assumes responsibility for the company's debts with all its assets company.
Company A, which undergoes a reorganization, divides all its capital into 50,000 shares and is renamed XX Co., Ltd., is a joint stock company.