借壳行为

English translation: Back Door / Borrowing a shell

18:39 Sep 2, 2018
Chinese to English translations [PRO]
Bus/Financial - Human Resources / Oil industry service station
Chinese term or phrase: 借壳行为
未经事先披露,以进入名录供应商名义参与公司或相关单位组织的竞价、竞标活动,而实际是以非名录供应商参与竞价、竞标活动的(借壳行为);Google translate gives "backdoor behavior", which sounds convincing, but cannot corroborate.
Michael St. Louis
Canada
Local time: 06:19
English translation:Back Door / Borrowing a shell
Explanation:
A unique way for Chinese companies wanting to be listed in the Mainland China's stock exchanges. If a company does not meet the listing requirement, the company can buy out a "shell" (a company that is listed already but with a lower market cap). That way, the company can be listed under the shell's name.
Selected response from:

Jiayin Jenny Zheng
United States
Local time: 05:19
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4Back Door / Borrowing a shell
Jiayin Jenny Zheng


  

Answers


24 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Back Door / Borrowing a shell


Explanation:
A unique way for Chinese companies wanting to be listed in the Mainland China's stock exchanges. If a company does not meet the listing requirement, the company can buy out a "shell" (a company that is listed already but with a lower market cap). That way, the company can be listed under the shell's name.



    https://baike.baidu.com/item/%E5%80%9F%E5%A3%B3%E4%B8%8A%E5%B8%82
Jiayin Jenny Zheng
United States
Local time: 05:19
Native speaker of: Native in EnglishEnglish, Native in ChineseChinese
PRO pts in category: 4
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