所谓余股强制挤出机制是指要约收购方在获得目标公司绝大多数股份(行使余股强制挤出权所需的持股比例一般为90%~95%)的情况下,可强制性收购余下全部股权,将剩余少数股东强制性挤出上市公司,以及从上市公司的支配权中强制性排除,避免完成公开收购后少数余股股东因个人因素无法或不愿出售股权,而阻碍实现彻底的非公众化的运作。余股强制挤出机制产生的原因 The so-called coercion of surplus shares mechanism refers to the tender offer the acquisition of the target company in the vast majority of the shares (the exercise of the remaining shares required to exercise compulsory share rights of the share of the general 90% ~ 95%), the compulsory acquisition The remaining all the shares, the remaining minority shareholders forced out of listed companies, as well as the mandatory exclusion from the controlling power of listed companies to avoid the completion of the public offer of a few shareholders because of personal factors unable or unwilling to sell shares, while hindering the realization of a thorough The non-public operation. Reasons for the forced squeeze out of the mechanism