认购

For the thousands of Hong Kong residents who queued for hours to register for new shares in a small Chinese carmaker and the millions set to apply for the listing of China's largest life assurer, Christmas has come early.

成千上万的香港居民排队数小时认购一家小型中国汽车企业的新股，还有数以百万计的香港人将认购中国最大的人寿保险公司的上市股票。对于这些香港人而言，今年的圣诞节提早到来了。

This paper use five up and out warrants that have been issued in Taiwan, assuming the returns of their underlying assets follow the generalized autoregressive conditional heteroskedastic process. We can estimate their parameters by in-sample data, and simulate the price of underlying assets and also the theoretical price of the up and out warrants.

本文选取在台湾发行之五档上限型的认购权证假设其标的资产报酬率服从GARCH(1，1)模型，利用样本内的资料模拟GARCH(1，1)模型的参数，并利用估计出来的参数模拟标的资产样本外的价格以及上限型认购权证的理论价格。

L,the SCHENECTADY COUNTY CLERK ,Clerk of the County of Schenectady ,and also Clerk of the Supreme and County Courts ,being Courts of Record held therein,do hereby certify that michoc'J Love whose name is subscribed to the Certificate of acknowledgment or proof of the annexed instrument ,and thereon written ,or whose name is subscribed to the annexed instrument ,and thereon written ,or whose name is subscribed to the annexed jurat,,was at the time of taking such acknowledgment,or proof,or of administering such oath oraffirmation ,a Notary Public –commissioner of Deeds in and for said County ,residing therein ,duly commis-sioned and sword and authorized by the laws of the State of Now York to take the acknowledgments an sworn and proofs of deeds of conveyances ,for land,tenements,or heredita-ments and to administer oaths or affirmations in said County ,And further,that I am well acquainted with the handwriting of said officer and verily believe that the signature to said jurat or certificate of acknowledgement or proof is genuine

l时， schenectady县秘书，秘书的县schenectady ，也是秘书的最高人民法院和县法院，法院的纪录，因此，特此证明michoc'j爱他的名字是订阅了该证书的确认或证明对所附文书，并就此写，或他的名字是认购所附文书，并就此写，或他的名字是认购所附朱拉特，，当时的考虑，如确认，或工作证明，或管理这类宣誓oraffirmation ，公证机构-专员的事迹，并表示，县，居住的地方，适当处长sioned和剑，并授权由该州的法律制定的，现在纽约采取认知，一种宣誓和实证的事迹运输工具，为土地，物业单位，或heredita 1912年和管理宣誓或誓词中说，县，并进一步，我熟悉的笔迹的表示，官に相信签字，以表示，朱拉特或证书的确认或证明是真实的

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。

Second, after looking into different definitions of shareholder's preemptive right, the author convinced the definition of shareholder's preemptive right as a right that additional shares shall not be issued without first offering to all existing shareholders having similar rights a reasonable opportunity to take ratable amounts of the additional shares.

其次，通过对不同股东新股认购优先权定义的分析和总结，笔者将其定义归纳为：在公司发行新股时，持有同种或类似股份的公司既有股东所享有的，按照各自所持股份比例优先认购新股的权利。

Operationally, share option schemes are administered by the boards of directors of these companies and granted at their own discretion.

在运作上，股票认购权计划由董事会管理且股票认购权的授予也由其决定。

Offer for the grant of option The board is pleased to advise you that pursuant to a resolution passed at a meeting of the board held on 8th March 2007,the board has resolved to grant you the "Offer"(which is still subject to listing of committee of the stock exchange approving the granting of the listing of and permission to deal in the shares which may fall to be issued pursuant to the exercise of the options under the Pre-IPO Share Option Scheme) at a consideration of HK$1.00 an option pursuant to the Pre-IPO Share Option Scheme to subscribe for 40000 shares at an exercise price of 85% of final HK dollar price per share at which the shares are to be subscribed for /purchased and issued/ sold pursuant to the global offering of the shares in the initial public offering in or around March 2007 at any time during the six-year period commence from the expiry of twelve months from the listing dateprovided that the maximum number of shares in which you are entitled to subscribe for by exercising the option shall not exceed 25%of the total number of option shares during the period from expiry of the first anniversary of the listing date to the date immediately before the second anniversary of the listing date :and 25%of the total number of option shares during the period from expiry of the second anniversary of the listing date to the date immediately before the third anniversary of the listing date ;and 25%of the total number of option shares during the period from expiry of the third anniversary of the listing date to the date immediately before the fourth anniversary of the listing date ;and 25%of the total number of option shares during the period from expiry of the fourth anniversary of the listing date to the date immediately before the fifth anniversary of the listing date save that any of the outstanding and unexercised option at the end of each of the aforesaid vesting periods may be rolled over to the next vesting period and exercisable during the option period ,and the option shall,in any case ,lapse where you cease to be employed by the company or its subsidiaries for whatere reason or otherwise pursuant to the terms of the Pre-IPO Share Option Scheme.

登录后回答可以获得经验值奖励，并可以查看和管理所有的回答。登录|1.Offer的期权该委员会很高兴地通知您，根据是在对2007年3月8日举行的董事会会议上通过一项决议，该委员会决定授予您"要约"（依然受在联交所上市委员会批准给予上市，并准许其在交易的股票可能下跌发出依据根据首次公开招股前购股权计划之购股权获行使）在审议为港币1.00元的选择根据首次公开招股前购股权计划认购40000股为85港元，最终每股％美元的价格行使价格，股票要认购/购买并发行/出售依照全球发售的股份在最初在2007年3月左右上市期间的任何六年期开始从十二个月上市日期提供的届满时间，在你有权认购股份的最大数量行使在紧接上市日期2周年选项不得超过（在从上市日期一周年期间届满的日期一）25的选择权股份总数％：及在从该上市日期2周年期间届满之日起的25选择股份总数％，紧接上市三周年之日；25的选择权股份总数％，与从上市日期四周年期间届满的日期紧接上市日期五周年，并保存该悬而未决的和未执行的选择任何在最后上述的归属期间每年可结转到下一个归属期期间内行使的期权，而选择应在任何情况下，失误，你不再是由公司或whatere或其他原因及其附属公司雇用根据该条款前首次公开售股购股权Scheme。

Recently the bond market due to rapid increases in the early emergence of a slight retracement, but the issue of bond funds to subscribe for not only unaffected but appeared more active subscription, especially near the end of the Fund issued a wave of再掀subscription.

最近，由于债券市场在1月初出现小幅回落迅速增加，但债券基金发行认购，不仅受到影响，但特别是接近年底的基金似乎更为积极的认购，发出再掀认购浪潮。

Using Basket warrants transaction data on TSEC from September 4, 1997 to June 25, 2001, the combination of five volatility models classical history volatility; Parkinson's(1980 high, low history volatility model; Garman and Klass's(1980) high, low, opening, closing history volatility model; Trippi's(1977) equal weights implied volatility model; Bollerslev's(1986)GARCH volatility model with two pricing models Black and Sholes's(1973 option pricing model, henceforth BS pricing model; Chen and Cheng's(2000) basket option pricing model, henceforth CC pricing model are discussed on valuation performance to obtain superior basket warrants pricing model.

本文利用1997年9月4日至2001年6月26日间在台湾证券交易所发行且已到期的组合型认购权证，使用五种波动性估计模型历史波动性模型、Parkinson(1980的最高、最低价历史波动性模型、Garman and Klass(1980)的最高、最低、开盘、收盘价历史波动性模型、Trippi(1977)的等加权平均隐含波动性模型、Bollerslev(1986)的GARCH波动性模型与Black and Sholes(1973)选择权评价模式、陈松男与郑翔尹(2000)的组合型认购权证评价模型(CC组合型认购权证评价模型)配对成十种评价模型，并比较其评价绩效，冀期能得到一较佳的组合型认购权证评价模型。

On the evening of 27, reporters had access to additional targeted Haitong Securities notice when found in the Pacific Asset Management Haitong subscribe 80,000,000 new shares, through dividends and Pacific Life Insurance Personal subscription bonus shares in 2000, ordinary life insurance products through the purchase of 6,000 shares; Taikang asset management companies through its 11 life insurance companies and investment insurance products, subscription-based account of the 8000 million shares, for China and Thailand Asset management company what kind of account to subscribe to the sea's stock, is not mentioned in the notice.

11日，记者接触到更多有针对性的通知时，海通证券，太平洋资产管理公司海通找到80，000，000股新股认购，通过分红和太平洋人寿保险个人认购红股在2000年，普通的生活保险产品，通过购买股票6，000；通过其11家寿险公司和投资保险产品，基于订阅的8000万股股票，占中国和泰国资产管理公司的帐户是什么样，泰康资产管理公司认购海之股票，是没有提及通知。

She gently rebuff ed him, but agreed that they could be friends

她婉言拒绝了，但同意作为朋友相处。

If in the penal farm, you were sure to be criticized.

要是在劳改农场，你等着挨绳子吧！