18:39 Sep 2, 2018 |
Chinese to English translations [PRO] Bus/Financial - Human Resources / Oil industry service station | |||||||
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| Selected response from: Jiayin Jenny Zheng United States Local time: 05:19 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 | Back Door / Borrowing a shell |
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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 |
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