17:38 Apr 3, 2003 |
Spanish to English translations [PRO] Bus/Financial | ||||
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| Selected response from: Valentín Hernández Lima Spain Local time: 22:06 | |||
Grading comment
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Summary of answers provided | ||||
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4 | issue premium |
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4 | downpayment |
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issue premium Explanation: That is, in new issues, the amount by which the trading price of the shares exceeds the offering price for the public in general. Dictionary of Finance and Investment Terms - John Downes & Jordan Elliot Goodman. (Barron's Financial Guides) V |
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downpayment Explanation: + -------------------------------------------------- Note added at 2003-04-03 20:37:47 (GMT) -------------------------------------------------- After 2 years (June 2004) PNA need to pay NEM the remainder of the US$0.5m Phu Bia purchase cost in shares or cash (the 15m at $0.0425 per share was the downpayment of that). ii) The Company has agreed to acquire the 68.2 per cent equity interest in Tongling Hailus Cement Co. Ltd (\"Tongling\") owned by Holdings. On 30 October 1997, the Company made a 10 per cent downpayment amounting to RMB43,450,000 to Holdings for such acquisition (Note 32(b)). The purchase price was based on the net asset value of the Tongling plant, after adjustment for the revaluation of the assets based on an independent appraisal. |
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