金融投资翻译.pdf

www paper 妙文妙文翻译公司翻译公司翻译样稿翻译样稿 关于关于 XX 公司与公司与 XX 可转换债融资交易结构程序可转换债融资交易结构程序 Transaction Structure and Procedure for Convertible Bond Financing between XX Company and XX 一 一 XX 项目的优势条件项目的优势条件 I Advantageous conditions of XX Project XX 公司工业厂房经政府批准将变更为商业配套设施 包含酒店 商场 会展等用途 With approval from government industrial factory of XX Company hereinafter referred to as the Company will be changed into commercial auxiliary facilities including hotels emporiums convention and exhibition 一 将 14 7 万平米工业厂房变更为商业地产后地产价值 1 95 万元 平方米 14 7 万方米 28 66 亿元 规划中另加建 2 3 万平米的步行商业街建筑 总面积将达到 17 万平米 房产的市场价值将达到 33 亿人民币 I Real estate value of commercial property changed from 147 000m2 industrial plant 19 500 yuan m2 147 000 m2 2 866 billion yuan The planning also includes the construction of a pedestrian mall with an area of 23 000 m2 and the total area will be increased to 170 000 m2 The market value of the premises will come to RMB 3 3 billion 依据 Basis 1 张江的普通写字楼售价已经 1 8 万元 平方米 1 The selling price of common office building in Zhangjiang is already 18 000 yuan m2 2 XX 项目南邻接地块 同等面积的综合商业土地 仅土地 2007 年 12 月拍卖成交价格 14 8 亿元 2 In December 2007 the knock down price of comprehensive commercial land land only to the southern boundary of XX project with the same area was 1 48 billion yuan through auction 3 紧邻地铁 2 号线金科路站 地铁 号线向东延伸段开通后 地产价格将提升 3 The Project is close to Jinke Road station of Metro Line 2 After the eastward extension of Metro Line 2 was put into operation property price will have a further boost 二 XX 公司一期注册资本 亿美圆 投资总额 亿美圆 二期注册资本 亿美圆 投资总额 亿美圆 XX 公司实际到位资金 万美圆 已经验资 余万美圆 因此 存 在巨大投注差 II The Company has phase I registered capital of USD 200 million and its total amount of investment is USD 400 million The phase II registered capital is USD 500 million with total investment up to www paper USD 1 billion The Company has actual fund of USD50 million in plXX and approximately USD 43 million has been verified Therefore there is a big borrowing gap 三 XX 公司公司的母公司注册于开曼群岛 为将境内资产连通到境外资本市场提供了条件 便于将境内资产证券化 即 为将来 或者买壳上市创造了条件 III The Company s parent company is registered in Cayman Islands which facilitates the linking of domestic assets to overseas capital markets and the securitization of domestic assets In other words it creates a good condition for future IPO or being listed through reverse merger 二 交易基础内容二 交易基础内容 II Fundamental transaction content 一 一 XX 在香港资本市场融资 拥有巨额外汇资本并有意投资于中国境内项目 而 XX 母公司 需要一笔境外融资的过桥贷款 1 46 亿美圆 折合人民币 10 4 亿元 双方确定采取可转换债的形 式提供上述过桥贷款 I XX China National Petroleum Corporation financed in Hong Kong capital market has a gigantic amount of foreign exchange with intention of investing in Chinese domestic projects The Company s parent needs a bridge loan of USD 146 million financed from overseas source which is converted into RMB 1 040 billion Both parties agree to provide the aforesaid bridge loan in the form of convertible bonds 二 可转换债的约定内容 II Agreed content of convertible bonds XX 公司承诺将 XX 项目在香港采取买壳上市方式 或 IPO 且已经确立了目标公司 若上 市成功 则上述 10 4 亿债款本息以及约定的回报将转换为上市公司股份 The Company promises to list XX project in Hong Kong through reverse merger or IPO and the target company has been determined Once the Company gets listed the principal and interest of the said RMB 1 040 billion loan and the agreed returns will be converted into shares of the listed company 若 XX 公司没有上市成功 则 XX 依然向 XX 公司主张债务 If the Company fails to be listed XX will claim the debt from the Company 三 若债务到期 XX 公司没有上市成功 也未能偿还本息及投资回报 双方的善意处置方式 IIII If the Company fails to go public on the maturity of the debt and it is unable to pay off the principal and interest as well as investment return then the goodwill approach will be adopted 若债务到期未能归还 10 4 亿人民币本息及回报 则 XX 采取善意方式处置 XX 资产的方式 并购 XX 公司 方式如下 If the Company fails to pay up the principal interest and returns of RMB 1 040 billion on the maturity date XX will merge 对贷款资金实行信托管理 附条件支付 即 XX 将贷款资金注入信托机构的专用资 金账户 当张江集团 卖方 将 XX 厂房过户到 XX 公司 买方 名下 并且上海 XX 公司 抵 押担保方 将房产抵押给 XX 贷款方 这两个条件成就时 信托机构即将资金支付给张江集 团 卖方 B exert trust management of loan fund with payment conditions i e XX injects loan fund into the trust organization s special fund account When Zhangjiang Group the seller transfers the Company s plant to the name of the Company the buyer and XX Shanghai Company mortgage guarantor mortgage its business premises to XX the lender the trust organization shall pay the fund to Zhangjiang Group the seller when the two conditions are reached 2 XX 贷款方 贷款方 XX 母公司 借款方 上海母公司 借款方 上海 XX 公司 担保方 三方签订 贷款公司 担保方 三方签订 贷款 及抵押担保合作协议书 及抵押担保合作协议书 2 XX the lender The Company s parent company the borrower and the XX Shanghai Company the guarantor jointly sign the loan mortgage guaranty cooperation agreement 约定的基本内容 www paper Basic content agreed A 借款方向贷款方所借资金将在境外支付到XX和和张江集团共同选定的信托机构的专用 资金账户 对该笔资金信托管理 同时 张江集团应该将上述 14 7 万平方米房产办理过户至 XX 公司名下并抵押给 XX A The fund the borrower borrows from the lender will be transferred overseas to a special fund account of the trust organization jointly chosen by XX and Zhangjiang Group and the trust organization will exert trust management of this fund Meanwhile Zhangjiang Group shall assign the said 147 000 m2 business premises to the Company which will mortgage the business premises to XX B 信托支付的条件是只要上述厂房办理过户到上海 XX 公司名下并同时抵押在 XX 名下 上述贷款即支付给张江集团公司 否则 不构成付款条件 B The condition of trust payment is that as long as the said premise has been transferred to thecae Shanghai Company and meanwhile mortgaged to the name of XX the aforementioned loan shall be paid to Zhangjiang Group otherwise no condition shall constitute the payment term C 鉴于该笔资金需要进入中国境内 且上海 XX 公司需要验资 所以 上海 XX 公司在中 国上海开设由张江集团监管的资本金账户 而后 将上述贷款入境验资 付给张江集团公司 C Whereas this fund needs to enter China and the capital of the XX Shanghai Company requires verification the XX Shanghai Company will open in Shanghai a capital account under supervision by Zhangjiang Group Afterwards the said loan will be paid to Zhangjiang Group upon capital verification 3 签定股权抵押 房产抵押 贷款协议书 签定股权抵押 房产抵押 贷款协议书 3 Sign stock pledge agreement real estate mortgage agreement and loan agreement XX 贷款方 XX 母公司 借款方 签订 股权抵押协议书 贷款协议书 XX 贷款方 和上海 XX 公司签订 抵押担保协议书 XX the lender the Company s parent company the borrower sign the Stock Pledge Agreement and Loan Agreement while XX the lender and the XX Shanghai Company sign the Pledge and Security Agreement 与选定的境外信托机构 签定信托管理协议 与选定的境外信托机构 签定信托管理协议 4 Sign trust management agreement with the chosen overseas trust organization XX 公司境外母公司 借款方 和 XX 贷款方 张江集团 卖方 上海 XX 公司 买 方 抵押担保方 在中国境外与共同选定的信托机构签订 抵押贷款信托管理协议 The Company s overseas parent company the borrower XX the lender Zhangjiang Group the seller and the XX Shanghai Company the buyer and the mortgage guarantor sign the Mortgage Loan Trust Management Agreement with the jointly chosen overseas trust organization 进入实际交易程序 进入实际交易程序 5 Enter into substantial transaction stage 中国石油向信托机构专用贷款账户注入 1 46 亿美圆 张江集团与上海 XX 公司办理产 权过户手续 同时 上海 XX 公司办理房产抵押给 XX 的手续 A XX injects USD146 million into the special loan account of the trust organization Zhangjiang Group and the XX Shanghai Company will effect the title transfer formalities and meanwhile the XX Shanghai Company will complete the formalities of mortgaging the premise to XX 依据产权交易所的产权过户文件 抵押文件的登记 信托机构将 1 46 亿美圆汇入中国 境内上海 XX 公司在上海开设的由张江集团全权监管的资本金账户 办理结汇手续 并支付给 张江集团 www paper B Based on title transfer document and mortgage document registered in assets and equity exchange center the trust organization will remit USD146 million into the capital account opened by the XX Shanghai Company in Shanghai and under full supervision by Zhangjiang Group complete foreign exchange settlement and pay the money to Zhangjiang Group XX 释放所抵押的股权 释放所抵押的股权 XX 公司 买壳 上市公司 买壳 上市 6 XX releases the mortgaged stock equity and the Company go public through reverse merger 因为 XX已经有房产抵押担保 所以 应该释放 XX 母公司所抵押的股权 以便XX公司与 上市公司进行股权交易 向上市公司装入 XX 公司资产 买壳上市 Since XX has obtained real estate as pledge it shall release the stock equity mortgaged by the Company s parent company so that the Company can conduct share transaction with the listed companies and load the Company s assets into the listed company to go public through reverse merger XX 从资本市场套利退出从资本市场套利退出 7 XX exits capital market through arbitrage 因为 此次融资采取可转债形式 XX 即可以选择主张债的形式 也可以选择转换为上市 公司股权形式 从资本市场套利退出 Due to the financing form of convertible bonds XX may adopt the form of claiming debt or adopt the form of obtaining the shares of the listed company and exiting capital market through arbitrage 如果选择了转为上市公司的股权 则释放房产抵押权 XX 公司又具备了向银行贷款的融 资能力 If XX opts for stock right of the listed company it will release the real estate mortgage The XX Shanghai Company will have the financing ability for bank loans 8 若债务到期 若债务到期 XX 公司未能偿还本息及投资回报 双方的善意处置方式公司未能偿还本息及投资回报 双方的善意处置方式 8 If the Company fails to pay off principal and interest as well as investment returns on the maturity of the debt then the goodwill handling methods are as follows 见本文 二 交易基础内容 见本文 二 交易基础内容 Refer to II Fundamental transaction content hereof 此时 XX 公司的母公司可以采用境外股权过户的方式 完成与 XX 的交易 Then the Company s parent company may complete the transaction with XX through transfer of offshore stock equity 四 四 贷款期限 偿还贷款的资金来源 给予贷款方的利息及回报贷款期限 偿还贷款的资金来源 给予贷款方的利息及回报 IV Loan term fund source for loan repayment interest and returns payable to the lender 贷款期限 我们希望是 个月至 个月 1 Loan term hopefully 12 18 months 偿还贷款的资金来源 我们已经在与香港上市公司进行 买壳 谈判 一旦上市 申 银万国证券公司和中信公司将为我们安排战略配售股东进行融资 该笔资金将用于偿还上述贷 款本息和回报 若贷款方愿意将债转为上市公司股份 则不存在还款问题 2 Fund source for loan repayment we have been negotiating with a Hongkong listed company on reverse merger Once we go public Shenyin 2 投资总额 4 亿美圆 注册资本 2 亿美元的 XX 置业有限公司 2 XX Real Estate Co Ltd with total investment of USD400 million and registered capital of USD200 million 3 投资总额 4 亿美圆 注册资本 2 亿美元的 XX 投资有限公司 3 XX Investment Co Ltd with total investment of USD400 million and registered capital of USD200 million 14 7 万平方米的优质商业地产将剥离至 XX 置业有限公司 Quality commercial property of 147 000 m2 will be stripped and transferred to XX Real Estate Co Ltd XX 公司的股东借款债务和公司原有测试设备以及原有账面资金继续留在 XX 半导体 上 海 有限公司 The Company s debt of shareholder loan and the Company s existing test equipment and carrying amount will remain in XX Semiconductor Shanghai Co Ltd XX 投资公司 将给 XX 作为境外资金进入中国的投资通道 XX Investment Co Ltd will become XX s investment channel for offshore funds entering China 三 境外分拆 III Offshore spin off 将境外母公司分拆为 3 个离岸公司 各自拥有 XX 半导体 上海 有限公司 XX 置业有限公司 XX 投资有限公司 批注批注 c2 原文表述似乎有问 题 www paper The overseas parent company is split into 3 offshore companies each owning XX Semiconductor Shanghai Co Ltd XX Real Estate Co Ltd and XX Investment Co