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reverse stock split
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company reduces its number of shares  ... See more
反向股权分拆
As a result of these splits, owners of the issuer's common stock may own more shares of the stock, or fewer shares in the case of a reverse stock split.
由于分股,拥有市场发行普通股票的所有者可能拥有更多股票数量,如果是反向分股情况下则拥有更少股票。
In the case of any stock split or reverse stock split, if no action is taken by the Committee, the proportionate adjustments contemplated by clause (a) above shall nevertheless be made.
当发生股权分拆或反向股权分拆的时候,若委员会没有采取任何对策,上述a款中的比例调整仍将进行。
In any of such events, the Committee may take such action prior to such event to the extent that the Committee deems the action necessary to permit the participant to realize the benefits intended to be conveyed with respect to the underlying shares in the same manner as is or will be available to stockholders generally. In the case of any stock split or reverse stock split, if no action is taken by the Committee, the proportionate adjustments contemplated by clause (a) above shall nevertheless be made.
在上述情况下,委员会将会其认为必须的时候提前进行上述行为,以使参与者能够与股东通过同种方式了解将会受影响的、与基础股份相关的利益。当发生股权分拆或反向股权分拆的时候,若委员会没有采取任何对策,上述a款中的比例调整仍将进行。
SMIC Implement a 10 for 1 Reverse Stock Split (Chinese version)
中芯国际实施反向分割股票 10股合并为1股
The following provisions will apply if any extraordinary dividend or other extraordinary distribution occurs in respect of the Common Stock (whether in the form of cash, Common Stock, other securities, or other property), or any reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend), reverse stock split, reorganization, stock purchase (other than the Merger), combination, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities of the Company, or any similar, unusual or extraordinary corporate transaction (or event in respect of the Common Stock) or a sale of substantially all the assets of the Company as an entirety occurs.
若发生与普通股相关的任何特别的股利派发或其他特别的分红行为(无论是以现金的形式,还是以普通股、其他证券或其他财产的形式),或发生普通股或公司其他证券的重新分类、资本额调整、股票派送(包括以股票红利方式派送的股份)、股票反向派送、重组、股权的购买(除了并购以外)、合并、调整、分立、分拆、回购或交换,或发生其他类似的不寻常的或特别的公司交易(或普通股交易),或出售公司实质上的所有财产,或上述情况同时发生的时候,下列规定应予适用。
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