Questions on H-1B transfer? MKK2005-01-07 13:43:48

I am in H-1B and would like to change my job. My new employer (a small company) is planning to file an H-1B transfer for me. My question is: if the new H-1B application (transfer) is denied, is my current H-1B still valid? Or will this have any effect on my current H-1B? Thanks.

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