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上海翻譯公司關鍵字：On the pricing of management buyoutsI. IntroductionIn recent years, with mergers and acquisitions have continued to deepen, management buyouts in China's capital markets have sprung up. According to incomplete statistics, China's holding up through management buyouts of listed companies has more than 100, and many more listed companies are eager to management buyouts momentum caused great concern to the industry正規翻譯公司公證處翻譯蓋章. However, in March 2003, the Ministry of Finance issued a document, "to management buyouts (including listed and unlisted companies) acts to suspend acceptance and approval." MBO Zhongxingpengyue from just introduced to the Ministry of Finance when the emergency brake early 2003's difficult to fully expose the status quo of China's capital market development and economic專業翻譯公司服務最好的 reform, the reform of state-owned enterprises out of touch. MBO practice in China, there are still various problems, the stock market non-tradable shares and outstanding shares of dual-track pricing to purchase a management buyout of the most sensitive issue. China's current management buyouts of listed companies lack pricing rationality, fairness, this will inevitably violate the original intention of the implementation of management buyouts, causing a huge loss of state assets, damage to the interests of small shareholders, thus establish a scientific and fair pricing is of great significance , the implementation of management buyouts have become the core of the problem to be solved. It should be noted, from state-owned assets through MBO competitive areas is an effective way to quit, as long as we take the legal and scientific works, to ensure no loss of state assets under the premise, MBO will become China's capital market reform, a state-owned enterprises good way. In this paper, the pricing of the acquisition management issues that view.
Second, the concept of management buyouts and the rise and development ofManagement buyouts, acquisition financing, also known as managers, is the target company's management or managers using their own funds or loans, etc. to raise capital to buy shares of the Company, thus changing the company's ownership structure, control structures and assets structure, completed by a simple change in corporate managers to shareholders, and then to restructure the company and get the expected benefits of a takeover.
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