replacement stock

In recent years, the cases of Listed Company Merger in China are increasing. The stock replacement merger is going to be the trend of Listed Companies Merger, because of avoiding substantial cash flow and saving the transaction cost.

近几年来，我国上市公司合并案例日益增多，尤其以换股方式进行合并避免了大量的现金流，节约了交易成本，成为上市公司合并的趋势。

Enterprise merging, selling, asset replacement, employee stock holding, MBO, bad assets peeling off a raging fire.

企业的并购 、 出售 、 资产置换 、 职工持股 、 管理层收购 、 不良资产剥离等活动如火如荼地展开了.

But housing starts need to hit at least 1.5 million, according Moody's Zandi, or perhaps l.7 million, in order to meet current population growth, net immigration, the replacement of obsolescent housing stock, and demand that has built up during the housing bust.

但Moody's Analytics的赞迪称，新屋开工数至少要达到150万套乃至170万套才能满足当前人口增长、移民和更换老旧住宅的需要以及住房市场衰退期间积聚的需求。

They relieve restricting factors for enterprise development through mergers and acquisitions, sale, asset replacement, the employee stock ownership, management buyouts, and Non-performing asset stripping and other ways to achieve enterprise restructuring.

他们通过企业的并购、出售、资产置换、职工持股、管理层收购、不良资产剥离等途径解除制约企业发展的因素，实现企业的转型。

And today, on the Ethereum blockchain, there are projects underway to do everything from create a new replacement for the stock market to create a new model of democracy, where politicians are accountable to citizens.

如今，通过以太坊的区块链，有各种工程进行着各种任务，从创造新的股票市场的替代品，到创立一个政客对公民真正负责的民主制度的新模型。