Given that uncertainty , another way of valuing the company would be to apply prices only to what investors can actually buy and sell - - the so - called free float 鉴于这种不确定因素，或许可以采用另一个方法来对其估值：仅计算投资者能够买卖的股份也就是所谓的流通股。
Mbo cannot co - exist with exchangeable stockholders , non - exchangeable stockholders , administrators and other investors , so people cannot get efficiency and justice 上市公司mbo不能实现非流通股股东、流通股股东、公司管理层和其他投资者的共赢,既缺乏公平,也谈不上效率。
We analyze the effect of these parameters to the esos price including non - circulated stock , circulated stock , the whole share of stock , the transforming rate and state variable 而且中国股权结构下esos的价值与股票总数,交换率以及流通股数同方向变化,与非流通股数反方向变化。
In mbo , the definitude of the buying parties , the pricing of the non - transferable state - owned shares and the buying capital financing are the three key questions 在上市公司管理层收购中，收购主体的设定、非流通股的定价和收购资金的来源是三个难点问题。 1 .关于收购主体的设定。
Current market prise points to in some what can trade at that time is current inside specific time number is multiplied be worth with the current stock total prices that share price reachs at that time 流通市值指在某特定时间内当时可交易的流通股股数乘以当时股价得出的流通股票总价值。
The notice of the extraordinary shareholders ' general meeting shall expressly inform the holders of tradable shares of the rights that they have and the time and conditions for , and manner of , asserting such rights 一)临时股东大会通知应当明确告知流通股股东具有的权利及主张权利的时间、条件和方式。
Before the property rights are clear , especially when there are both non - exchangeable securities and exchangeable securities , there is no chance and soil for mbo in the market 在产权关系没有理顺之前,特别是在证券市场非流通股和流通股并存的双轨制情况下,事实上并不具备在上市公司推行mbo的时机和土壤。
This article researches the influence of seo on the shareholders " interests . and the result is : seo makes the no - public shareholders " interests increase and public shareholders " interests decrease 本文从理论和实证两个方面论证了增发对股东利益的影响：增发使非流通股股东受益，流通股老股东受损。
Chapter four involves two types of reduction program designs which are the reduction of multiplying the circulating shares in a all - circulation arrangement and a comprehensive design of reduction in multiple ways 第四章重点讨论了国有股减持的方案设计，提出了两个减持方案：一、全流通社会流通股扩股持方案。
Last month , hainan airlines , a regional carrier in which george soros , a financier , holds a 14 . 8 % stake , announced plans to sell its non - tradable shares to finance expansion and repay debt 上个月，作为一家金融大鳄乔治?索罗斯入股14 . 8 %的地方性航空运营商，海南航空宣布计划卖出非流通股，为扩张筹资并用于偿还债务。
