股权

Firstly, this paper systematically analyzes the connotation and extension meanings of NESA and its economic motives supported by the theories of New Institutional Economics and Strategy Management.

论文主要以新制度经济学理论、企业战略管理理论为支撑，剖析了构建非股权战略联盟的经济动因，系统地分析了非股权战略联盟的内涵和外延。

Secondly, the research of the premise and the evaluating method of its application in enterprises are processed. And, it concludes the boundary of NESA through the comparison between Enterprise Integration and NESA.

在此基础上，探讨了构建非股权战略联盟的前提条件及对于特定企业的适用类型的评估方法，并通过与企业内部一体化之间的比较研究，在理论上得到建立非股权战略联盟的边界结论。

As the main part of this paper, several mathematical models for the dynamic mechanism of NESA are set up. On the base of the several mathematical models, the important relationship between the key factors and processes of NESAs construction, execution andstabilization is concluded.

主要地，通过对非股权联盟动态机制的各主要方面建立数理模型进行科学地推导、论证，并最终得到各关键要素与非股权联盟建立、实施和稳定过程的重要相关关系及在实践中具有可操作性实际意义的解决对策。

Note: In case the enterprise modification contract concluded by the shareholders after shareholding modification already includes relevant shareholding modification agreement, the shareholders' declaration required in this paragraph is omissible.

注：股权变更后各股东订立的企业修改合同已包括有关股权变更协议内容的，免交本项要求的股东声明。

In in the division far at present hold this enterprise the equity of 15%, value of equity Zhang face is 49.65 million yuan, predict 100 million yuan to show overbalance changeably.

中科中远现在持有该企业15%的股权，股权账面价值为4965万元，预计可变现价值超过1亿元。

Secondly, transform the original model to a new one: using market value of stock to replace par value of debt or stock, in order to study the company's financing activity through angle of view in market.

变换基本模型：包括选择新指标建立新模型，采用股权的市值作为因变量，从市场的角度审视公司的融资行为；采用债权和股权的加权平均数据作为因变量，寻找最适合中国上市公司的融资比例。

Comparatively.the pattern with controlling shareholder and balancing shareholder is more beneficial for improving the performance of corporate governance.therefore the relative centralizaiton pattern of ownership structure should be the objective of policy orientation during the listing of non—circulation stocks.

相对集中的股权结构有多种类型，比较而言，既有控股股东又有制衡股东的股权结构更有助于改善公司治理绩效，因此，它应当成为大小非解禁过程中政策引导的目标。

NSG had acquired a 20% stake in the British company; Pilkington had bought some American firms in which NSG had a stake.

NSG先是获得了皮尔金顿公司的20%的股权，随后皮尔金顿收购了NSG拥有股权的一些美国公司。

Targeted enterprises should provide a chart of all their branches and the stock-right relationships of all their shareholders, documents of securities possessed by the enterprises, documents of the securities and stocks pledged.

应要求目标企业提供公司所有分公司或分支机构的设立和参股的所有公司的股权关系架构图文件、公司拥有证券的相关证明文件、设置质押的股权、有价证券等的相关证明文件等。

Issue or permit any of its Restricted Subsidiaries to issue shares, or any options, warrants or securities convertible into shares, except to the Borrower or another Restricted Subsidiary, provided in each case, the shares, option, warrants or securities have been pledged to the Lender pursuant to the Security Documents.

股份资本，除向借方或另一个限定子公司发行外，不得发行、或允许任何限定子公司发行股份、或任何期权、股权认购证或可转换债券，除非根据担保协议已将这些股份、期权、股权认购证或可转换债券质押给贷方。

In the negative and interrogative forms, of course, this is identical to the non-emphatic forms.

。但是，在否定句或疑问句里，这种带有"do"的方法表达的效果却没有什么强调的意思。

Go down on one's knees;kneel down

屈膝跪下。。。下跪祈祷