A company that i'm currently under employed is going to surrender their retailing business of a brand and this branded company had no choice but to start a branch in order to continue this line of business since there other buyer out there is willing to retail for them.

Legally, i'm still employed under the existing company and the branded company is shorthanded, knowing that I have the skill and trying to request my current employer for the transfer.

I'm curious what does this say in the labour law? Wonder if i should accept such offer of transfer since in my employment contract, it doesn't say anything about this. And obviously, my current employer would proceed to liquidate the company, so if under normal circumstances, I should be entitled for compensation based the labour law right - in view that they would terminate me? Or I'm wrong, they could choose not to terminate me and go around some other way? If I accept such offer of transfer, am I entitled for any compensation?