投资公司

Her customers are ABB, Atalas Copco, BITZER, BOSCH, BRAUN, Danone, DMG, FISCHER, HOERBIGER, Holiday Inn, HBM, Kline Shipment, KRAIBURG, LEICA, Megana, Maersk Logistics, Nestle China, Novatis, NOKIA, NORD, PARKER, Volvo, SKF, SIEMENS, Swissotel, Unilever, Xijiao State Guest Hotel, Sofitel, Xiaoxing Group, KettenWulf Betriebs GmbH, Continental Automotive Systems, Hainan Airlines, FUJI XEROX, LENZE, MANN FILTER, Optibelt Power Transmission, Dongfang Cable, SACHTLEBEN, HERAEUS, FUCHS, LEAR, ELSTER .

她曾经服务的客户有 ABB 、阿特拉斯科普克中国有限公司、博世投资有限公司、达能集团、德克尔马豪吉迈特机床有限公司、川崎汽船有限公司、假日酒店、瑞士酒店、西郊宾馆、索菲特大酒店、好易通、马士基公司、麦格纳动力及驱动系统有限公司、南京晓星集团、诺基亚中国公司、雀巢公司、上海大众汽车有限公司、上海大众动力总成有限公司、西门子、斯凯孚中国投资公司、联合利华有限公司、贺尔碧格压缩机技术与配件有限公司、克莱伯格橡胶公司、西门子电器有限公司、诺德传动设备有限公司、汉堡南美船务有限公司、博朗有限公司、德国慧鱼建筑锚栓有限公司、徕卡测量系统有限公司、 HBM 电子测量技术有限公司、比泽尔制冷设备有限公司、上海迪信通电子通信技术有限公司、派克汉尼汾液压系统有限公司、沃尔夫链条有限公司、大陆汽车系统管理有限公司、上海富士施乐有限公司、海南航空公司、伦茨机电传动有限公司、曼胡默尔滤清器有限公司、欧皮特传动系统有限公司、德国莎哈利本化学有限公司、李尔、贺利氏特种光源、东方有线、福斯润滑油、埃尔斯特仪表公司等。

In addition, I give to my Executors full power to invest and reinvest the estate funds and assets in any kind of property, real, personal or mixed, and every kind of investment, specifically including, but not by way of limitation, corporate obligations of every kind and stocks, preferred or common, and interests in investment trusts and shares in investment companies, and any common trust fund administered by any corporate executor hereunder, which men of prudent discretion and intelligence acquire for their own account.

此外，我给我的遗嘱执行人充分权力的投资和再投资房地产的资金和资产在任何种类的财产，真正的，个人或混合，以及每一种投资，特别是包括，但不限制的方式，企业承担的义务每一种与股票，优先股或普通，和利益的投资信托基金和股票投资公司，以及任何共同信托基金管理的任何公司执行人，这些男子的谨慎判断和掌握的情报为自己的帐户。

Thus, should we own 10% of Corporation X with earnings of $10 million in 1980, we would report in our earnings (ignoring relatively minor taxes on intercorporate dividends) either $1 million if X declared the full $10 million in dividends;$500,000 if X paid out 50%, or $5 million, in dividends; or zero if X reinvested all earnings.

最后若是持股比例低于20%，则依照会计原则，投资公司仅能认列被投资公司实际发放的股利部份，至于保留而不发放的部份盈余则不予理会，也因此假若我们持有一家X 公司10%的股份，又假设X公司在1980 年共计赚了1，000万美金，若X公司将盈余全部发放，则我们可认列100万的利益，反之若X公司决定保留全部盈余不予发放，则我们连一毛钱都不能认列。

Complementarities between the investee firm and its CVC investor are positively related to the level of social interaction and negatively related to the use of different types of relationship safeguards by the investee firm.

被投资公司及其投资者之间的互补性与被投资公司的社会互动正相关，与被投资公司对不同的关系保护措施的使用负相关。

Look-Through Earnings Reported earnings are a poor measure of economic progress at Berkshire, in part because the numbers shown in the table presented earlier include only the dividends we receive from investees -- though these dividends typically represent only a small fraction of the earnings attributable to our ownership. Not that we mind this division of money, since on balance we regard the undistributed earnings of investees as more valuable to us than the portion paid out.

完整透视盈余我们认为帐列盈余很难表现伯克希尔实际的营运状况，部份原因在于列示在本公司帐上的股利收入，事实上仅占被投资公司收益的一小部份，其实我们并不要求盈余一定要分配，事实上对我们而言，我们更重视未分配的那一部份，因为他们极可能为我们创造出更高的价值，原因很简单，因为我们的被投资公司往往比母公司更有机会把资金投入到高投资报酬的用途之上，既然如此又何必一定要强迫他们把盈余分配回来呢？

Instead, it illustrates in detail its organizational structure design, major functions of each department and the whole process of decision-making by studying a newly established venture capital company and from the viewpoint of its general manager. The decision-making process contains search of projects, scrutinization, evaluation, screening of projects, and dynamic trailing management.

本文并没有一般性地描述风险投资是什么，一般的运作机制是如何，而从一个刚刚成立的创业投资公司入手，从公司管理者的角度出发，详细地说明了创业风险投资机构的组织结构的设计，其每一个部门的主要职能，投资决策的整个过程，包括项目的寻找，受理，审查，筛选，评估，投资决策的作出及动态跟踪管理。

Incubate Ventures is an investment firm that was founded in 1999 providing private equity for early stage companies. Headquartered in Hong Kong, it makes investments in the areas of software and IT services. Incubates' portfolio companies are in Hong Kong, Taiwan, China, Korea and the USA. In 2001, it established its Korean operation through a joint venture with Dong-A Pharmaceutical, the largest pharmaceutical company in Korea (public: KOSPI) and Haansoft, one of the largest software companies in Korea (public: Kosdaq).

Incubate Ventures公司建立于1999年，它是一家给私人公司在创业早期提供资金的投资公司，总部设在香港，它的主要投资领域在软件和IT服务，Incubate投资的公司遍及香港，台湾，中国，韩国和美国。2001年，公司在韩国与Dong-A Pharmaceutical和Haansoft公司成立了合资公司，Dong-A Pharmaceutical 公司是韩国最大的医药企业，Haansoft公司是韩国最大的医药类软件企业之一（股市代号：Kosdaq）。

IV I direct that all federal estate taxes and state inheritance or succession taxes payable upon or resulting from or by reason of my death (herein "Death Taxes") attributable to property which is part of the trust estate of the MICHAEL JACKSON FAMILY TRUST, including property which passes to said trust from my probate estate shall be paid by the Trustee of said trust in accordance with its terms.

此外，我给与我的遗嘱执行人充分的权利，他们有权利投资房地产基金或资产，或者任何其他资产，包括任何个人或者混合资产，还可以投资公司债券、股票、优先股或者普通股，但也并不限制于此。并且可以参股投资公司、基金或者遗嘱执行人名下的公司，这些投资都需要谨慎判断。

" Closed-end investment company, fund ;investment trust :Investment company with a fixed number of shares outstanding. The shares represent an interest in the fund's portfolio."

限额型投资公司，限额基金；投资信托公司：是指发行固定数量股票的投资公司，这些股份代表在公司的证券组合中拥有一定的权益。

Client country 委托国;客户国 clinker 渣块,烧结块;头等货 closed-end investment company, fund ; investment trust Investment company with a fixed number of shares outstanding.

限额型投资公司，限额基金；投资信托公司是指发行固定数量股票的投资公司，这些股份代表在公司的证券组合中拥有一定的权益，一般不发行新股。

But we don't care about Battlegrounds.

但我们并不在乎沙场中的显露。

Ah! don't mention it, the butcher's shop is a horror.

啊！不用提了。提到肉，真是糟透了。