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在国资委明确“大型企业不能搞 MBO(管理层收购)”之后,山东一家企业的财务负责人马铭(化名)开始在暗自庆幸自己先行了一步。马铭所在的企业2004年上半年刚刚进行了 MBO,管理层和职工们出资4亿元左右(净资产的价格)从政府手里买断了所有的资产。马铭经过初步核算,仅仅2004年1-11月份企业就完成了1.5亿元的利润,按照这个速度,不到三年,他就可以还上当初人股欠下的那笔300万元的贷款。如此一来,若不出意外,三年之后,原本靠工
After SASAC clarified that “large-sized enterprises can not engage in MBOs (management buyouts)”, Ma Ming (a pseudonym) in charge of a Shandong-based company began to secretly glad he took the first step. In the first half of 2004, the company in which Ma Ming was located was MBO. Management and staff contributed about 400 million yuan (the price of net assets) to buy out all the assets from the government. After preliminary calculation, Ma Ming only completed profits of 150 million yuan from January to November 2004. According to this speed, in less than three years, he could pay back the loan of 3 million yuan owed by the original people stock . As a result, if nothing else, three years later, originally by workers