收購企業 的英文怎麼說
中文拼音 [shōugòuqìyè]
收購企業
英文
acquiring enterprise-
For the purpose of these conditions, securities shall include but not be limited to the following investments shares in companies incorporated in any jurisdiction ; debenture stock, loan stock, bonds, notes, certificates of deposit, commercial paper or other debt instruments, including government, public agency, municipal and corporate issues ; warrants to subscribe for the above investments ; depositary receipts or other types of instruments relating to the above investments ; unit trusts, mutual funds and similar schemes established in any jurisdiction, options, whether on any investment herein described, on currencies, precious metals or other assets, or an option on an option ; contracts for the purchase or sale at a pre - agreed price and at a future date of any investment herein described or any currency, precious metal or similar asset ; viii contracts for differences or contracts on indices ; investments which are similar or related to any of the foregoing ; and unless otherwise expressly agreed, documents of title or documents evidencing title to investments previously deposited by the customer with the bank in connection with the provision by the bank of custody of investments and provision of securities services
此等條件所指的證券包括但不限於以下投資項目i在任何司法管轄權區注冊成立之公司之股份ii包括由政府公共機構市政府及企業所發行的債權股證貸款股額債券票據存款證商業票據或其他債務票據iii以上投資項目之認購權證iv有關上述投資項目之存款收據或其他種類之票據v在任何司法管轄權區成立之單位信託互惠基金及類似計劃vi上述之任何投資項目貨幣貴金屬或其他資產之期權或期權之期權vii按預先協定價格及在將來日期買賣任何此等投資項目或任何貨幣貴金屬或類似資產之合約viii差價合約或指數合約ix類似或有關上述任何一項之投資項目及x除非已另有明確的協定，客戶先前存放在本行之投資項目之所有權文件或可證明該等項目的所有權的其他文件。To develop mbo can decrease acting cost of enterprises, transform the administrating structure of corporations, rectify the business policy of the corporations, increase the stock price and achievements of corporations, and make the investors to have a good view of the corporations " tendency, realize the entrepreneurs " value which is devaluated for long time
通過管理層收購，能夠有效地降低企業的代理成本，改變公司的治理結構，整合公司的業務，提高公司的股價及業績，促使二級市場上的投資者提高對公司未來趨勢的看好，實現被長期低估企業家的價值，並可獲得納稅上的好處。Dagang oilfield group ltd. co. purchasing aishi stock company is a bright scenic line in this tide. it shows the world their courage of adventure and fortitudinous willpower, and starts a new path of reorganization and become public for big national companies to come into market
大港油田收購愛使股份，就是在這種重組大潮下的一道最為亮麗的風景線，它向世人展現了石油人敢為天下先的勇氣和堅韌不拔的毅力，為大型國有企業改制上市開創了一條新的道路。Buyers ( management ) can get profit from the raising of companies performance and the underestimated prices, avoid hostility acquisition, satisfy the needs of carving out business ; seller ( shareholder ) can reach the purpose of reducing agency cost, incent and restrict the management, peel off assets and change public - owned departments to private departments
買方管理層可以獲得來自公司經營業績的提高和企業價值被低估的收益，避免被敵意收購，滿足創業的需要；賣方股東可以達到降低代理成本、激勵和約束管理層、剝離資產和公營部門私有化的目的。The third part mainly analyses the cause of m & as failure in china, in general, they are : firstly, the boundary of government behavior and enterprise behavior is unclear, and results in main body alternates, secondly, imperfection of policy and law restricts m & as, thirdly, enterprises lacks strategical insight, misunderstands economies of scale, fourthly, excess irrelative diversification management in order to evade risks, fifthly, lack m & as core competence oriented thoughts, sixthly, conformity implement after m & as does not attain recognition
第三部分著重分析了我國企業並購失敗的原因，概括起來有以下幾點：第一、政府行為和企業行為邊界模糊，導致主體錯位。第二、政策法規不健全，對企業兼并收購形成制約。第三、企業缺乏戰略眼光，誤入規模經濟誤區。But in the capital market, lbo, mbo, and go public through buying a shell have already become the main method of china ' s corporation merger, property right reform, and strengthening corporation ' s core competitiveness strength
而在國內資本市場上，杠桿收購（ lbo ） 、管理者收購（ mbo ）以及買殼上市等，已成為中國企業進行產權改革、增強核心競爭力的重要手段。From the 1980s to the acquisition of loss - making state - owned small and medium - sized enterprises to turn to the acquisition of better effectiveness of the state - owned backbone enterprise ; investment in equity participation has become a main holding
從80年代以收購虧損的國有中小型企業轉向了收購國有效益較好的骨幹企業；投資方式也于參股變成了以控股為主。In a word, it presents a comprehensive and systemic analysis on mbo in china and foreign countries, from the followly fire aspects : the background of mba, the policy environment, the objective firms, the pricing methods, the financing system, find out differences of mba and the causes of them, and combinating special eco - nomic environment and economic traces of our country, the author puts forward counterplan. these counterplans primarily include : from strengthening laws, enhancing the information to publish, culturing to agency and etc to come to perfect the mbo policy environment on our country ; defining objective firms of mbo in realm that the state - owned property is decided to withdraw ; with the clean property worth for the foundation, synthesize to consider managers " contribute and the value of control powers with company, and pass the market mechanism to come for right price of the objective firms ; pass growing the organization investor, creative financing tool and optimizing the assistant financial system, establishing the valid withdrawing way of financing etc to resolve the financing problem
在此基礎上，論文從收購背景、政策環境、目標企業、定價方法、融資體制等五個方面對中外mbo做了全面系統的對比分析，找出了兩者的差異及原因，並結合我國特有的經濟環境和經濟軌跡，提出了相應的對策措施。這些對策主要包括：從健全法律法規、加強信息披露、培育中介機構等方面來完善我國mbo的政策環境；在國有資產決定退出的領域內對mbo的目標企業進行界定；以凈資產值為基礎，綜合考慮管理層貢獻和公司控制權兩個因素，通過市場機制來為目標公司正確定價；通過培育機構投資者、創新融資工具和優化配套金融制度、建立有效的融資的撤出渠道等來解決融資問題。Grain collection and storage enterprise
糧食收購企業Chapter three is the research on the mbo cases in our country
第三部分是關於我國實施管理層收購企業案例研究。Following blackstone ' s lead, big buy - out firms continue to tap the public markets for fresh capital
黑石集團首開先河后，大型的收購企業繼續從公開市場獲取新的資本。Practice area : international taxation, due diligence, merger acquisition, business valuation and transaction advisory
主要執業范圍：國際稅務盡職調查合併收購企業估值及交易支持。Companies may take a large part or a small part in guiding the policies of the businesses they acquire
對于被並購的公司經濟決策的制定，收購企業可能會起非常重要的作用，或只是起很小的作用。In our country, the evaluation about the mbo enterprise is so low that the state - own assets are lost a lot. this phenomenon is caused by many reasons
我國管理層收購企業定價過低，國有資產大量流失，造成這種現象的原因是多方面的。Finally, the author analyzes the m & a market interestedly and demonstrates the super profit or loss, which the acquisition enterprise may bear under the condition of gov
最後，筆者對政府干預條件下的企業購並市場做了有趣的分析，以直觀的形式展示了收購企業在政府干預條件下進行購並活動可能獲得的超額收益或需要承擔的損失。The following results have been drawn in the end of the thesis : ( 1 ) in cash acquisitions, the abnormal returns to the shareholders of target firms are positive and significant while the shareholders of bidding firms can only get normal returns
文章最後得出，在現金收購中，被收購企業的股東收益相對較高，競價企業的股東只能獲得正常的收益率。Because the similarity of strategy targets, marketing patterns and marketing structures between the two companies is usually small, it is necessary for the company after m & a to conduct a series reforms to keep itself to be still a healthy organism
由於收購企業與被收購企業的戰略方向、營銷方式及營銷結構等往往不一致，並購后的企業必須進行系列的整合，使自己仍保持一個健康的有機整體。Through hundreds of years ’ developments of the market economy as well as the experience and lessons of rebuilding and the rise and decline of the economy after the world war ii, the governments, the theorists and the business community realize that the minor enterprises are the nucleus force to accelerate the economic increases of their countries
經過市場經濟幾百年的發展，以及二戰后各國經濟的重建和衰榮的經驗教訓，各國政府、理論界、企業界普遍認識到，中小企業是促進一國經濟增長的中堅力量。鑒于企業法律形態對于企業存續及發展的重要意義，選擇合適的法律形態與中小投資者創辦新企業、收購企業或企業的經營發展休戚相關。According to the above conception, the forms of asset reorganization include merge, business contract and asset trade - in. and the aim of asset reorganization should be orientated at optimum allocation of resource
根據以上對資產重組涵義的界定，本文將資產重組分為企業並購、企業收縮和資產置換三種類型；並指出資產重組的理性定位應該是優化資源配置，謀求整體效益。A person close to the deal said the chinese government had been looking at ways to block bhp ' s takeover ambitions since late last year, and had finally decided that chinalco would be the best state - owned enterprise to use as a vehicle
一位知情人士指出，自去年底以來，中國政府一直在尋找方法，阻撓必和必拓的收購企圖，最後決定中國鋁業是充當工具的最好國企。分享友人