Pre-emptive right

简明释义

先买权

英英释义

例句

1.The pre-emptive right ensures that current shareholders can avoid losing control of the company.

通过优先认购权，现有股东可以避免失去对公司的控制权。

2.When the company announced a new round of funding, existing investors were notified of their pre-emptive right to maintain their ownership percentage.

当公司宣布新一轮融资时，现有投资者被通知他们有优先认购权以维持其所有权比例。

3.In the event of a new share issuance, the board will remind shareholders of their pre-emptive right to buy shares first.

在新的股份发行事件中，董事会将提醒股东他们有优先认购权，可以优先购买股份。

4.The shareholders exercised their pre-emptive right to purchase additional shares before they were offered to external investors.

股东行使了他们的优先认购权，以便在向外部投资者提供之前购买额外的股份。

5.The pre-emptive right is an important tool for investors to protect their investment from dilution.

对于投资者来说，优先认购权是保护其投资免受稀释的重要工具。

作文

In the world of finance and corporate governance, the term Pre-emptive right refers to the privilege granted to existing shareholders to purchase additional shares before the company offers them to other potential investors. This right is designed to protect shareholders from dilution of their ownership percentage when new shares are issued. The importance of Pre-emptive right cannot be overstated, as it plays a crucial role in maintaining the balance of power within a corporation and ensuring that existing shareholders have the opportunity to preserve their influence over company decisions.When a company decides to raise capital by issuing new shares, existing shareholders may feel threatened by the prospect of dilution. Dilution occurs when the total number of shares outstanding increases, thereby reducing the ownership percentage of each existing shareholder. For instance, if a company has 100 shares and issues 50 new shares, an existing shareholder who owned 10 shares would see their ownership percentage decrease from 10% to 6.67%. To mitigate this concern, many companies offer Pre-emptive right to their shareholders, allowing them to buy new shares in proportion to their existing holdings.The concept of Pre-emptive right is particularly significant in publicly traded companies, where there is a diverse range of shareholders with varying interests. By offering the right to purchase additional shares, companies can foster goodwill among their investors and encourage long-term investment. Shareholders who exercise their Pre-emptive right not only maintain their ownership stake but also signal their confidence in the company's future prospects. This can have a positive effect on the company's stock price, as it demonstrates that existing shareholders believe in the value of the business.Moreover, Pre-emptive right can serve as a strategic tool for companies looking to attract new investors while still protecting the interests of current shareholders. By clearly outlining the terms of the Pre-emptive right in their corporate bylaws, companies can create a transparent framework that fosters trust and encourages investment. For example, if a company plans to issue new shares, it can notify its existing shareholders in advance, giving them the opportunity to exercise their Pre-emptive right and purchase shares at a predetermined price. This process not only benefits existing shareholders but also helps the company manage its capital structure more effectively.However, the implementation of Pre-emptive right is not without its challenges. Companies must carefully consider the implications of granting these rights, as they can complicate the process of raising capital. If too many shareholders choose to exercise their Pre-emptive right, the company may struggle to attract new investors or achieve its desired capital-raising goals. Therefore, striking a balance between protecting existing shareholders and attracting new investment is essential for the long-term success of any organization.In conclusion, the concept of Pre-emptive right is an essential element of corporate governance that serves to protect the interests of existing shareholders while facilitating the growth and development of a company. By understanding the significance of Pre-emptive right, investors can make informed decisions about their investments and better navigate the complexities of the financial markets. Ultimately, the effective management of Pre-emptive right can lead to a more stable and prosperous corporate environment, benefiting both shareholders and the company as a whole.

在金融和公司治理的世界中，“优先认购权”这一术语指的是给予现有股东的特权，使其在公司向其他潜在投资者提供新股之前，优先购买额外股份。此权利旨在保护股东在发行新股时，避免其持股比例被稀释。“优先认购权”的重要性不容小觑，因为它在维护公司内部权力平衡和确保现有股东能够保留对公司决策影响力方面发挥着关键作用。当公司决定通过发行新股来筹集资金时，现有股东可能会因为稀释的前景而感到威胁。稀释发生在总股份数增加时，从而降低每个现有股东的持股比例。例如，如果一家公司有100股并发行50股新股，那么拥有10股的现有股东将看到其持股比例从10%下降至6.67%。为了缓解这一担忧，许多公司向其股东提供“优先认购权”，允许他们按现有持股比例购买新股。“优先认购权”的概念在上市公司中特别重要，因为这些公司拥有多样化的股东群体，利益各异。通过提供购买额外股份的权利，公司可以在投资者中建立良好关系并鼓励长期投资。行使“优先认购权”的股东不仅可以维持其持股比例，还能表明他们对公司未来前景的信心。这对公司的股价产生积极影响，因为它显示出现有股东相信企业的价值。此外，“优先认购权”还可以作为公司吸引新投资者的战略工具，同时保护现有股东的利益。通过在公司章程中清晰地列出“优先认购权”的条款，公司可以创建一个透明的框架，促进信任并鼓励投资。例如，如果一家公司计划发行新股，可以提前通知现有股东，让他们有机会行使“优先认购权”，以预定价格购买股份。这个过程不仅使现有股东受益，还帮助公司更有效地管理其资本结构。然而，实施“优先认购权”并非没有挑战。公司必须仔细考虑授予这些权利的影响，因为这可能会使筹集资金的过程复杂化。如果太多股东选择行使其“优先认购权”，公司可能会难以吸引新投资者或实现其筹资目标。因此，在保护现有股东和吸引新投资之间取得平衡，对于任何组织的长期成功至关重要。总之，“优先认购权”的概念是企业治理中的一个重要元素，它既保护现有股东的利益，又促进公司的增长与发展。通过理解“优先认购权”的重要性，投资者可以对自己的投资做出明智的决策，更好地应对金融市场的复杂性。最终，有效管理“优先认购权”可以导致一个更加稳定和繁荣的公司环境，惠及股东和公司整体。