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在二级市场购并中,非上市公司(购并公司)购买上市公司(目标公司)的股份,从而达到控股上市公司的目的,被称作买壳上市或借壳上市。由于我国证券市场发展的时间较短,市场规模不大,因此上市额度和上市节奏受到政府的控制。作为一条捷径,买壳上市就成为企业资本经营的一个热点问题。企业买壳上市并非都能获得成功。有些企业花了不小成本,却未能买壳成功;有的企业即使买壳成功,收益
In secondary market acquisitions, unlisted companies (mergers and acquisitions) buy shares of a listed company (the target company) to achieve the purpose of holding a public company, known as a buy-out or a back-exchange listing. Due to the short development time of the securities market in our country and the small size of the market, the quota of listing and the pace of listing are controlled by the government. As a shortcut, buying a shell has become a hot topic in corporate capital management. Not all companies buy a shell to be successful. Some companies have spent a small cost, but failed to buy a shell; some companies even buy a shell success, the proceeds