Vendor supplier name has now been revised, GST, bank info has been changed

if vendor details are changed and we have transaction in F4311 and we have open Purchase orders but no open amount in F0411. In my opinion if GST and bank info is changed then we have to create a new Vendor#, is there a way to deactivate the old vendor# and link this old Vendor # to the new Vendor#.

Please assist. thank you