资产股份

Participation: After the payment of the Liquidation Preference to the holders of the Series A Preferred, the remaining assets shall be distributed ratably to the holders of the Common Stock and the Series A Preferred on a common equivalent basis; provided that the holders of Series A Preferred will stop participating once they have received a total liquidation amount per share equal to times the Original Purchase Price, plus any declared but unpaid dividends.

参与权：在支付给 A 系列优先股股东清算优先权回报之后，剩余资产由普通股股东与 A 系列优先股股东按相当于转换后股份比例进行分配。当公司退出价值低于优先清算回报时，投资人拿走全部清算资金。超过优先清算回报部分，投资人和普通股股东按股权比例分配。

Meanwhile, all new investment projects have been put on hold following the promulgation of "indigenisation" rules obliging companies worth more than $500,000 to cede a 51% stake to black Zimbabweans—or face up to five years in jail.

同时，在&本色化&条规颁布后，所有新的投资计划被迫延期，该条规规定资产超50万美元的公司要割让51%的股份给津巴布韦黑种人，否则将面临五年的牢狱之灾。

BAE Systems has proved nimbler on its feet: it is reinventing itself as an American defence contractor, selling its minority stake in Airbus Industrie so it can add to its transatlantic portfolio of businesses.

BAE系统似乎靠自己走得更为灵活：它作为一家美国防御合同方再次向自己投资，卖掉了它在空客的小部分股份以增加它跨大西洋的商业投资资产。

Cutting taxes and distribute SoE shares among Chinese population would roughly eliminate China's trade surplus, obviating the need to buy dollar assets.

减税和分发国有企业股份在一定程度上能够减少中国的贸易顺差，从而避免必须持有美元资产。

If I become a candidate for that message, however, our board will be doing me a favor by delivering it. Every share of Berkshire that I own is destined to go to philanthropies, and I want society to reap the maximum good from these gifts and bequests. It would be a tragedy if the philanthropic potential of my holdings was diminished because my associates shirked their responsibility to show me the door. But don't worry about this. We have an outstanding group of directors, and they will always do what's right for shareholders.

如果哪天我真的到了那样的地步，董事们一定会跟我说，而我持有的所有Berkshire股份也将全数捐给慈善基金会，我希望基金会能利用这笔捐赠增进社会最大的福只，而我想若我的董事会同侪们因为未能善尽告知要我下台的义务，(当然我希望处理方式可以婉转一点)，而使得这笔资产缩水的话，将会是令人感到相当遗憾的一件事，但对于这点我并不担心，我们有最出色的董事会成员，他们永远都会做出对股东有利的决定。

T To maintain, manage, deal with, dispose of and subject to the provisions of this Our Supplemental Charter and of the Statutes to invest all the property, money, assets and rights of the University in such stocks, funds, shares, securities or investments whatsoever and wheresoever situate (whether authorised by the general law for the investment of trust moneys or not so authorised) as the University shall think fit or in the purchase of land in Our United Kingdom whether by way of investment or for occupation and subject or not subject to leases or tenancies and to vary any investments including the realization of existing investments and to re-invest the net proceeds of the realization, provided that in the case of moneys held by the University as trustee the powers hereby conferred shall be exercised subject to the provisions of the law relating to investment by trustees.

对一切财产，金钱，资产和学校权利用于在股票，基金，股份，债券或无论何种何处（不论是否由信托资金投资一般法授权与否）校方认为合适的投资，或者在联合王国内不论是否通过投资或占用与否、是否依据租赁或租用的土地购置，其保存、管理、处理、安置以及依据此补充特许证和法规的条款的投资，对包括实现现有投资的任何投资的变更，以及净收入实现的再投资，只要在校方作为资金持有保管人情况下，由此授予的权力应当按照投资相关法律条款由保管人执行。

More realistically, they might purchase say 10% of a Western bank with weak assets.

如果实际一些，他们也许会收购那些资产较弱的西方银行的10%的股份。

From the above analysis, we can find such facts: although the scale of Tsingdao Beer in assets, shareholders\ equity and sales is more larger than Yanjing Beer. It\s profitability;liquidity and capital structure is far below than Yanjing beer. This is in accordance with their market performance.

通过这些分析，可以发现尽管燕京啤酒股份有限公司的资产规模、股本总额、销售收入等绝对数远不及后者，但是盈利能力、资本结构和偿债能力各项财务指标都要优于青岛啤酒公司，这与其市场表现是一致的。

States generally provide the Company Law Company Limited must periodically publish its financial position and operating conditions on a regular basis the annual report and related financial statements, such as business reports, asset charge sheet, profit and loss account, profit allocation table, property, catalogs, etc.

各国公司法一般都规定股份有限公司必须定期公布其财务状况和经营状况，定期将年度报告和有关的财务报表，如经营报告书、资产负责表、损益表、盈利分配表、财产目录等公诸于众，以便加强社会公众对公司的了解和监督，保护股东和债权人利益。

Y To borrow or raise or secure the payment of money in such manner as the Company may think fit without limit as to amount and in particular but without limiting the foregoing to issue debentures or debenture stock , and to secure the repayment of any money borrowed, raised or owing by mortgage, charge or lien upon all or any of the property or assets of the Company both present and future including its uncalled capital and also by similar mortgage, charge or lien to secure , and guarantee the performance by the Company or any other person or company of any obligation undertaken by the Company or any other person or company as the case may be

y 以视为适宜的方式和按适宜的条款，以及以适当方式和具体用本公司目前、将来的全部或部分承诺、财产、资产、权利以及未收资金，以按揭、抵押、发放债券或借款股份或任何类型的证券的方式，举债或借债并担保本公司的资金支付以及资金偿还等债务或义务

On the other hand, the more important thing is because the urban housing is a kind of heterogeneity products.

另一方面，更重要的是由于城市住房是一种异质性产品。

Climate histogram is the fall that collects place measure calm value, cent serves as cross axle for a few equal interval, the area that the frequency that the value appears according to place is accumulated and becomes will be determined inside each interval, discharge the graph that rise with post, also be called histogram.

气候直方图是将所收集的降水量测定值，分为几个相等的区间作为横轴，并将各区间内所测定值依所出现的次数累积而成的面积，用柱子排起来的图形，也叫做柱状图。