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外资并购国有企业指兼并或收购国有企业,取得控制权从而利用目标企业现有生产能力进入该行业的一种存量投资方式,是国际直接投资中的一种。它既指外国资本(主要是跨国公司)直接并购国有企业,也包括我国境内的外商投资企业对国有企业的并购。在实践中,这种并购主要采取三种方式:一是直接出资购买国有企业全部资产,组成外商独资企业;二是取得国有股份制企业一定份额的普通股以获得对该企业的控制;三是合资控股收购,即外国投资者与我国国有企业合资,在中国境内共同成立中外合资经营企业,外国注册资本超过50%,达到绝对控股。
Foreign M & A State-owned enterprises refer to a kind of stock investment mode that merges or purchases state-owned enterprises and gains control to take advantage of the existing production capacity of the target enterprises to enter the industry. It is one of the international direct investments. It refers to the direct acquisition of state-owned enterprises by foreign capitals (mainly multinational corporations) as well as the acquisition of state-owned enterprises by foreign-invested enterprises in China. In practice, this kind of merger and acquisition mainly adopts three methods: one is to directly finance the purchase of all the assets of state-owned enterprises to form a wholly foreign-owned enterprise; the other is to acquire a certain share of state-owned joint-stock enterprises in order to gain control over the enterprise; Holding acquisitions, that is, joint ventures between foreign investors and state-owned enterprises in our country, setting up joint ventures in China within the territory of China with foreign registered capital of over 50% and achieving absolute control.