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①资产剥离是资金双向流动过程，有助于盘活不良资产，切实减少上市公司的负担。
②该模式在操作过程中存在资产评估方式不统一、不规范，容易出现关联交易中的作价方式，高卖低买，损害国家股东利益，同时需要大力度的政策支持。
③资产剥离可单独作为一种重组方式，也可作为重组总体计划中的一个步骤。

① divestiture process is two-way flow of funds to help revitalize distressed assets , and effectively reduce the burden on listed companies .

② This mode during operation exists asset valuation methods are not uniform, non-standard , prone to the consideration on related party transactions , buy low and sell high , harm the national interests of the shareholders and the need for major efforts to policy support.
③ divestitures can be used alone as a reorganization , restructuring can also be used as a step in the overall plan .

股权投资是指上市公司以自有资金或借入资金投资建设新的子公司或与其他企业采取合营或参股等方式共同投资兴建新企业，操作上有两种形式：一是收购目标公司的股权，再用股权建立新的公司；二是直接与目标公司合资建立新公司。1998年11月国际大厦收购河北开元汽车贸易股份有限公司50.4%的股权就是采用股权投资模式进行资产重组。

Equity investments are listed on the company's own funds or borrowed funds invest in new subsidiaries or joint ventures with other companies to take equity participation, etc. or joint venture to build new businesses , operating on two forms : one is the acquisition of equity interest in the Target Company , then create a new shareholding company ; two directly with the target to create a new joint venture company . November 1998 International Building acquisition of Hebei Kaiyuan Automobile Trading Co., Ltd. 50.4% stake in equity investment model is the use of asset restructuring .

Equity investments and general physical investment behavior is different than pure investment gain problem under normal conditions is a corporate investment behavior , which is usually controlled in order to achieve the right to operate the service in the company's development strategy . Equity investment costs are lower, the target company has a legal personality , a listed company as a new shareholder of the target company , the target company 's existing debt assumes joint and several liability , the risk is limited to only holding contribution , this restructuring is no longer in cash or transfer of debt as a necessary condition , but in the percentage share of corporate shares whether holding conditions as the main feature . The inadequacy of this model lies in the management of the holding company is more restrictive , consider the original shareholders and local government relations.

Hosting refers to business owners form of a contract , in order to ensure an industry conditions such as increasing the value of assets as a precondition , the enterprise as a whole or part of the asset management rights delegated to a high level of management, strong economic strength and can bear the risk legal or natural persons paid management.

From China's reform and practice, hosted mainly in the following forms: First, the overall custodian , trustees about the whole enterprise to operate ; two are hierarchical hosting that large companies can plant their subordinates to implement a certain level or workshop hosting ; Third, some hosting companies that draw from several production lines or several workshops, entrusted with the operation of their implementation ; Fourth special custody , that a business enterprise , such as production, supply of raw materials , product sales , research and development and other aspects of hosting.

L times leveraged purchase (LBO) by a small group of investors through the is本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。