要约收购

要約收購

yāoyuēshōugòu

noun

Meanings

1 tender offer (corporate takeover bid)
2 takeover by public offer to purchase shares

Characters

demand / request

Examples

该公司宣布对目标公司发起要约收购。

Gāi gōngsī xuānbù duì mùbiāo gōngsī fāqǐ yāoyuē shōugòu.

The company announced a tender offer for the target firm.

持股比例超过百分之三十必须发出全面要约收购。

Chí gǔ bǐlì chāoguò bǎi fēn zhī sānshí bìxū fāchū quánmiàn yāoyuē shōugòu.

Crossing the 30% shareholding threshold triggers a mandatory general tender offer.

Tips

usage

Legal term from securities law: 要约 = 'offer' (in the contract-law sense), 收购 = 'acquisition'. Under PRC rules, crossing 30% ownership triggers a mandatory general 要约收购 — the direct equivalent of the UK/HK 'mandatory general offer' rule.

Stroke Order

要 yào

约 yuē

收 shōu

购 gòu