{"id":10927,"date":"2022-01-03T16:45:14","date_gmt":"2022-01-03T08:45:14","guid":{"rendered":"https:\/\/www.sw-hk.com\/?p=10927"},"modified":"2022-01-04T12:40:35","modified_gmt":"2022-01-04T04:40:35","slug":"20220103-1","status":"publish","type":"post","link":"https:\/\/www.sw-hk.com\/zh\/20220103-1\/","title":{"rendered":"\u9999\u6e2f\u4ea4\u6613\u6240\u5c31\u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8\u520a\u53d1\u54a8\u8be2\u603b\u7ed3"},"content":{"rendered":"

\u9999\u6e2f\u4ea4\u6613\u6240\u5c31\u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8\u520a\u53d1\u54a8\u8be2\u603b\u7ed3<\/strong><\/p>\n

\u7b80\u4ecb<\/strong><\/p>\n

<\/b>2021\u5e7412\u670817\u65e5\uff0c\u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u6709\u9650\u516c\u53f8(\u300c\u8054\u4ea4\u6240\u300d<\/strong>) \u5c31\u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8(\u300cSPAC\u300d<\/strong>)\u8bbe\u7acb\u65b0\u4e0a\u5e02\u5236\u5ea6\u7684\u5efa\u8bae\u53d1\u8868\u8c18\u8be2\u603b\u7ed3(\u300c\u8c18\u8be2\u603b\u7ed3<\/strong>\u300d)\u3002\u8054\u4ea4\u6240\u4ea6\u53d1\u5e03\u4e86\u4e00\u4efd\u6709\u5173SPAC\u7684\u6307\u5f15\u4fe1(\u300c\u6307\u5f15\u4fe1\u300d<\/strong>)\u3002\u6b64\u5916\uff0c\u8bc1\u5238\u53ca\u671f\u8d27\u4e8b\u52a1\u76d1\u5bdf\u59d4\u5458\u4f1a(\u300c\u8bc1\u76d1\u4f1a\u300d<\/strong>) \u53d1\u5e03\u4e86\u65b0\u7684\u7b2c 23 \u9879\u5e94\u7528\u6307\u5f15\uff0c\u5c31\u8c41\u514dSPAC\u5e76\u8d2d\u4ea4\u6613\u9075\u5b88 \u300a\u6536\u8d2d\u5b88\u5219\u300b\u7b2c 26.1 \u6761\u6709\u5173\u5f3a\u5236\u6027\u5168\u9762\u8981\u7ea6\u8d23\u4efb\u7684\u4e8b\u5b9c\u63d0\u4f9b\u6307\u5f15\u3002<\/p>\n

\u516c\u4f17\u7684\u5927\u90e8\u5206\u56de\u5e94\u666e\u904d\u652f\u6301\u8054\u4ea4\u6240\u4e8e2021\u5e749\u670817\u65e5\u5c31SPAC\u53d1\u8868\u7684\u8c18\u8be2\u6587\u4ef6(\u300c\u8c18\u8be2\u6587\u4ef6\u300d<\/strong>)\u6240\u6982\u8ff0\u7684\u5efa\u8bae\u3002\u672c\u6587\u5c06\u6458\u5f55\u6211\u4eec\u57282021\u5e749\u6708\u5bf9\u8054\u4ea4\u6240\u54a8\u8be2\u6587\u4ef6\u7684\u65b0\u95fb\u66f4\u65b0\u7684\u540e\u7eed\u3002\u672c\u6587\u6240\u7528\u672f\u8bed\u7684\u542b\u4e49\u4e0e\u8c18\u8be2\u603b\u7ed3\u548c\u8c18\u8be2\u6587\u4ef6\u4e2d\u7684\u5b9a\u4e49\u76f8\u540c\u3002<\/p>\n

\u8054\u4ea4\u6240\u51b3\u5b9a\u5b9e\u65bd\u8c18\u8be2\u6587\u4ef6\u4e2d\u6709\u5173SPAC\u7684\u5efa\u8bae\uff0c\u5e76\u4f1a\u4f5c\u51fa\u4e00\u4e9b\u4fee\u8ba2\uff0c\u4ee5\u53cd\u6620\u516c\u4f17\u7684\u610f\u89c1\u3002\u8f7d\u4e8e\u8c18\u8be2\u7ed3\u8bba\u53ca\u6307\u5f15\u4fe1\u7684\u7ecf\u4fee\u8ba2\u4e0a\u5e02\u89c4\u5219\u4e8e2022\u5e741\u67081\u65e5\u751f\u6548\u3002<\/p>\n

$\"\"$ <\/p>\n

SPAC\u7684\u4e3b\u8981\u7279\u70b9<\/strong><\/p>\n

\u4e0b\u8868\u5217\u51fa\u4e86\u539f\u5efa\u8bae\u53ca\u6700\u7ec8SPAC\u6846\u67b6\u4e4b\u95f4\u7684\u4e3b\u8981\u5dee\u5f02:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n
\u00a0<\/span><\/b><\/p>\n<\/td>\n
\n
\u539f\u5efa\u8bae<\/span><\/b><\/b><\/p>\n<\/td>\n
\n
\u5b9e\u65bd<\/span><\/b><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
\u9996\u6b21\u4e0a\u5e02\u65f6\u7684\u516c\u5f00\u5e02\u573a\u89c4\u5b9a<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
1.<\/span><\/p>\n<\/td>\n
\n
SPAC<\/span>\u8bc1\u5238\u5fc5\u987b\u5206\u914d\u7ed9\u81f3\u5c11<\/span>30<\/span>\u540d\u673a\u6784\u4e13\u4e1a\u6295\u8d44\u8005\u3002<\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848\u653e\u5bbd<\/strong><\/em>\uff0c\u673a\u6784\u4e13\u4e1a\u6295\u8d44\u8005\u6700\u4f4e\u4eba\u6570\u964d\u81f3<\/span>20<\/span>\u540d\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
SPAC<\/span>\u8463\u4e8b<\/span><\/strong><\/b><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
2.<\/span><\/p>\n<\/td>\n
\n
SPAC<\/span>\u8463\u4e8b\u4f1a\u7684\u5927\u591a\u6570\u6210\u5458\u5fc5\u987b\u7531\u63d0\u540d\u4ed6\u4eec\u7684<\/span>SPAC<\/span>\u53d1\u8d77\u4eba\u7684\u4ee3\u8868\u7ec4\u6210\u3002<\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848\u88ab\u53d6\u4ee3<\/strong><\/em>\uff0c\u6539\u4e3a\u89c4\u5b9a<\/span>SPAC<\/span>\u8463\u4e8b\u4f1a\u987b\u81f3\u5c11\u6709\u4e24\u540d\u7b2c<\/span>6<\/span>\u7c7b\u6216\u7b2c<\/span>9<\/span>\u7c7b\u8bc1\u76d1\u4f1a\u6301\u724c\u4eba<\/span>(<\/span>\u5305\u62ec\u4e00\u540d\u4ee3\u8868\u6301\u724c<\/span>SPAC<\/span>\u53d1\u8d77\u4eba\u7684\u8463\u4e8b<\/span>)<\/span>\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u6295\u7968\u6743\u4e0e\u80a1\u4efd\u8d4e\u56de\u6743\u4e00\u81f4<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
3.<\/span><\/p>\n<\/td>\n
\n
SPAC<\/span>\u80a1\u4e1c\u53ea\u6709\u5728\u6295\u7968\u53cd\u5bf9<\/span>\u4ee5\u4e0b\u4efb\u4f55\u4e00\u9879\u4e8b\u9879\u65f6\u624d\u80fd\u8d4e\u56de\u5176\u80a1\u4efd<\/span>: <\/span><\/p>\n
\u00a0<\/span><\/p>\n
(a)\u00a0\u00a0 <\/span><\/span>SPAC<\/span>\u767c\u8d77\u4eba\u7684\u91cd\u5927\u8b8a\u52d5\u6216\u5176\u8d44\u683c\u53ca<\/span>\/<\/span>\u6216\u9002\u7528\u6027\u7684\u91cd\u5927\u53d8\u5316\uff1b<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(b)\u00a0\u00a0 <\/span><\/span>SPAC<\/span>\u5e76\u8d2d<\/span>\u4ea4\u6613<\/span>\uff1b\u6216<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(c)\u00a0\u00a0 <\/span><\/span>\u5ef6\u957f\u53bb<\/span>SPAC<\/span>\u5e76\u8d2d\u516c\u544a\u6216\u5176\u5e76\u8d2d\u4ea4\u6613\u671f\u9650\u7684\u5efa\u8bae<\/span>\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848\u6539\u4e3a\u52a0\u5f3a<\/em><\/strong>\u72ec\u7acb<\/span>PIPE<\/span>\uff08\u4e0a\u5e02\u540e\u79c1\u52df\uff09\u6295\u8d44\u8981\u6c42<\/span>(<\/span>\u89c1\u4e0b\u6587\u7b2c<\/span>4<\/span>\u9879<\/span>)<\/span>\uff0c\u4ee5\u5bf9<\/span>SPAC<\/span>\u5e76\u8d2d\u4ea4\u6613\u7684\u6761\u6b3e\u548c\u4f30\u503c\u63d0\u4f9b\u66f4\u5f3a\u6709\u529b\u7684\u76d1\u7ba1\u68c0\u67e5\u3002<\/span>SPAC<\/span>\u80a1\u4e1c\u5c06\u80fd\u591f\u8d4e\u56de\u4ed6\u4eec\u7684\u80a1\u7968\uff08\u4e0d\u8bba\u5176\u6295\u7968\u8d5e\u6210\u8fd8\u662f\u53cd\u5bf9<\/span>SPAC<\/span>\u5e76\u8d2d\u4ea4\u6613\uff09\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u5f3a\u5236\u6027\u72ec\u7acb<\/span>PIPE<\/span>\u6295\u8d44<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
4.<\/span><\/p>\n<\/td>\n
\n
\u72ec\u7acb<\/span><\/span>PIPE<\/span><\/span>\u6295\u8d44\u7684\u89c4\u6a21<\/span><\/span><\/p>\n
\u72ec\u7acb<\/span>PIPE<\/span>\u6295\u8d44\u987b\u81f3\u5c11\u5360\u7ee7\u4efb\u516c\u53f8\u9884\u671f\u5e02\u503c\u7684<\/span>25%<\/span>\uff0c\u5982\u679c\u7ee7\u4efb\u516c\u53f8\u7684\u9884\u671f\u5e02\u503c\u8d85\u8fc7<\/span>15<\/span>\u4ebf\u6e2f\u5143\uff0c\u5219\u5360<\/span>15%<\/span>\u81f3<\/span>25%<\/span>\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n
\u8d44\u6df1\u6295\u8d44\u8005\u7684\u91cd\u5927\u6295\u8d44<\/span><\/span><\/p>\n
\u81f3\u5c11\u4e00\u540d\u72ec\u7acb<\/span>PIPE<\/span>\u6295\u8d44\u8005\u5fc5\u987b\u662f\u7ba1\u7406\u8d44\u4ea7\u603b\u503c\u81f3\u5c11\u8fbe<\/span>10<\/span>\u4ebf\u6e2f\u5143\u7684\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u6216\u57fa\u91d1<\/span> \u3002<\/span>PIPE<\/span>\u6295\u8d44\u5fc5\u987b\u4f7f\u8be5\u6295\u8d44\u8005\u5728<\/span>SPAC<\/span>\u5e76\u8d2d\u4ea4\u6613\u5b8c\u6210\u540e\u5b9e\u76ca\u62e5\u6709\u4e0a\u5e02\u53d1\u884c\u4eba\u81f3\u5c11<\/span>5%<\/span>\u7684\u5df2\u53d1\u884c\u80a1\u4efd\u3002<\/span><\/p>\n<\/td>\n
\n
\u72ec\u7acb<\/span><\/span>PIPE<\/span><\/span>\u6295\u8d44\u7684\u89c4\u6a21<\/span><\/span><\/p>\n
\u63d0\u6848\u5f97\u5230\u52a0\u5f3a<\/em><\/strong><\/span>\uff0c<\/span>\u6539\u4e3a\u6309\u8bae\u5b9a\u7684<\/span>SPAC<\/span>\u5e76\u8d2d\u76ee\u6807\u4f30\u503c\uff08\u8bae\u5b9a\u4f30\u503c\uff09\uff0c\u56e0\u5e94\u4e0d\u540c\u89c4\u6a21\u7684<\/span>SPAC<\/span>\u5e76\u8d2d\u76ee\u6807\u800c\u8bbe\u7f6e\u4e0d\u540c\u95e8\u69db\uff1a<\/span><\/p>\n
\u00a0<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\u8bae\u5b9a\u4f30\u503c<\/span><\/strong><\/b><\/p>\n<\/td>\n
\n
\u72ec\u7acb<\/span>PIPE<\/span>\u6295\u8d44\u5360\u8bae\u5b9a\u4f30\u503c\u7684\u6700\u4f4e\u767e\u5206\u6bd4<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
< 20<\/span>\u4ebf\u6e2f\u5143<\/span><\/p>\n<\/td>\n
\n
25%<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
20<\/span>\u4ebf\u6e2f\u5143<\/span>–<\/span><\/p>\n
50<\/span>\u4ebf\u6e2f\u5143<\/span><\/p>\n<\/td>\n
\n
15%<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
50<\/span>\u4ebf<\/span>-70<\/span>\u4ebf\u6e2f\u5143<\/span><\/p>\n<\/td>\n
\n
10%<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u2265<\/span>70<\/span>\u4ebf\u6e2f\u5143<\/span><\/p>\n<\/td>\n
\n
7.5%<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u8d85\u8fc7<\/span>100<\/span>\u4ebf\u6e2f\u5143<\/span><\/p>\n<\/td>\n
\n
\u89c6\u4e4e\u5177\u4f53\u60c5\u51b5\u8003\u8651\u8c41\u514d<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\u00a0<\/span><\/p>\n
\u8d44\u6df1\u6295\u8d44\u8005\u7684\u91cd\u5927\u6295\u8d44<\/span><\/span><\/i><\/p>\n
\u63d0\u6848\u6536\u7d27<\/strong><\/em>\uff0c\u72ec\u7acb<\/span>PIPE<\/span>\u6295\u8d44\u81f3\u5c11\u8981\u6709<\/span>50%<\/span>\u6765\u81ea\u81f3\u5c11\u4e09\u540d\u673a\u6784\u6295\u8d44\u8005\uff0c\u4e09\u8005\u7684\u8d44\u4ea7\u7ba1\u7406\u603b\u503c\u987b\u5206\u522b\u81f3\u5c11\u8fbe<\/span>80<\/span>\u4ebf\u6e2f\u5143\u3002\u3002<\/span><\/i><\/p>\n
\u00a0<\/span><\/span><\/i><\/p>\n<\/td>\n<\/tr>\n
\n
\u6743\u8bc1\u644a\u8584\u4e0a\u9650<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
5.<\/span><\/p>\n<\/td>\n
\n
30%<\/span>\u6743\u8bc1\u644a\u8584\u4e0a\u9650\u3002<\/span>\u00a0 <\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848<\/span>\u653e\u5bbd<\/span><\/strong><\/em>:<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(a)\u00a0\u00a0 <\/span><\/span>\u6574\u4f53\u6743\u8bc1\u4e0a\u9650\u63d0\u9ad8\u5230<\/span>50%<\/span>\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(b)\u00a0\u00a0<\/span><\/span>\u987b\u66f4\u660e\u786e\u62ab\u9732\u6240\u6709\u6743\u8bc1\u7684\u644a\u8584\u5f71\u54cd\u3002<\/span><\/p>\n
(c)\u00a0\u00a0<\/span><\/span>\u80a1\u4efd\u6743\u8bc1\u6bd4\u7387\u4e0d\u8bbe\u4e0a\u9650\uff0c\u53d1\u8d77\u4eba\u6743\u8bc1\u644a\u8584\u4ea6\u4e0d\u8bbe\u4e0a\u9650\u3002<\/span>\u00a0 <\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
SPAC<\/span>\u53d1\u8d77\u4eba\u8bb8\u53ef\u8981\u6c42<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n
\n
6.<\/span><\/p>\n<\/td>\n
\n
\u81f3\u5c11\u6709\u4e00\u540d<\/span>SPAC<\/span>\u53d1\u8d77\u4eba\u5fc5\u987b\u662f\u516c\u53f8\u63a7\u80a1<\/span>:<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>\u8bc1\u76d1\u4f1a\u53d1\u51fa\u7684\u7b2c\u516d\u7c7b<\/span>(<\/span>\u5c31\u4f01\u4e1a\u878d\u8d44\u63d0\u4f9b\u610f\u89c1<\/span>)<\/span>\u53ca<\/span>\/<\/span>\u6216\u7b2c\u4e5d\u7c7b<\/span>(<\/span>\u8d44\u4ea7\u7ba1\u7406<\/span>)<\/span>\u724c\u7167\uff1b\u548c<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>\u81f3\u5c11<\/span>10%<\/span>\u7684\u53d1\u8d77\u4eba\u80a1\u4efd\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848\u7ef4\u6301\u4e0d\u53d8<\/i><\/b>\uff0c\u8054\u4ea4\u6240\u4ea6\u4f1a\u6309\u4e2a\u522b\u60c5\u51b5\u8003\u8651\u7ed9\u4e88\u8c41\u514d<\/span>(<\/span>\u4f8b\u5982\uff0c\u5982\u679c<\/span>SPAC<\/span>\u63a8\u5e7f\u4eba\u62e5\u6709\u7b49\u540c\u8bc1\u76d1\u4f1a\u7b2c\u516d\u7c7b\u53ca<\/span>\/<\/span>\u6216\u7b2c\u4e5d\u7c7b\u724c\u7167\u7684\u6d77\u5916\u8ba4\u53ef\uff0c\u5219\u63a5\u53d7\u4ed6\u4eec<\/span>)<\/span>\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u4ee5\u4fe1\u6258\u5f62\u5f0f\u6301\u6709\u7684\u8d44\u91d1<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
7.<\/span><\/p>\n<\/td>\n
\n
\u4ece<\/span>SPAC<\/span>\u9996\u6b21\u516c\u5f00\u53d1\u552e\u7b79\u96c6\u7684\u603b\u6536\u76ca\u7684<\/span>100%<\/span>\u4fdd\u5b58\u5728\u9999\u6e2f\u7684\u5c01\u95ed\u5f0f\u4fe1\u6258\u8d26\u6237\u4e2d\uff0c\u76f4\u5230<\/span>SPAC<\/span>\u5e76\u8d2d\u4ea4\u6613\u5b8c\u6210\u6216<\/span>SPAC<\/span>\u88ab\u6e05\u76d8\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848\u83b7\u5f97\u901a\u8fc7<\/i><\/b>\uff0c\u4f46\u7a0d\u4f5c\u4fee\u6539\uff0c\u5373\u5141\u8bb8\u5c06\u6258\u7ba1\u8d26\u6237\u4e2d\u7684\u6b3e\u9879\u7684\u7d2f\u8ba1\u5229\u606f\u6216\u5176\u4ed6\u6240\u8d5a\u53d6\u6536\u5165\u653e\u51fa\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u83b7\u5f97\u989d\u5916\u7ee7\u627f\u516c\u53f8\u80a1\u4efd\u7684\u6743\u5229\uff08\u63d0\u6210\u6743\uff09<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
8.<\/span><\/p>\n<\/td>\n
\n
\u8054\u4ea4\u6240\u53ef\u63a5\u53d7<\/span> SPAC <\/span>\u8981\u6c42\u5411<\/span> SPAC <\/span>\u53d1\u8d77\u4eba\u53d1\u884c\u989d\u5916\u53d1\u8d77\u4eba\u80a1\u4efd\u4f5c\u4e3a\u63d0\u6210\u90e8\u5206\uff1a<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(a) <\/span>\u53d1\u8d77\u4eba\u80a1\u4efd\u603b\u6570\uff08\u5305\u62ec\u63d0\u6210\u90e8\u5206\uff09\u4e0d\u591a\u4e8e\u8be5<\/span> SPAC <\/span>\u4e0a\u5e02\u65f6\u7684\u5df2\u53d1\u884c\u80a1\u4efd\u603b\u6570\u7684<\/span> 30%<\/span>\uff1b<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(b) <\/span>\u63d0\u6210\u90e8\u5206\u4e0e\u5ba2\u89c2\u7ee9\u6548\u76ee\u6807\u6302\u94a9\uff1b<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(c) SPAC <\/span>\u80a1\u4e1c\u4e8e\u5c31\u6279\u51c6<\/span> SPAC <\/span>\u5e76\u8d2d\u4ea4\u6613\u800c\u53ec\u5f00\u7684\u80a1\u4e1c\u5927\u4f1a\u4e2d\u901a\u8fc7\u6279\u51c6\u63d0\u6210\u90e8\u5206\uff1b\u53ca<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(d) <\/span>\u6279\u51c6<\/span> SPAC <\/span>\u5e76\u8d2d\u4ea4\u6613\u7684\u51b3\u8bae\u6848\u987b\u5305\u62ec\u8be5\u63d0\u6210\u90e8\u5206\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n
\n
\u5982\u679c\u7ee7\u4efb\u516c\u53f8\u8fbe\u5230\u9884\u5148\u8bbe\u5b9a\u7684\u4e1a\u7ee9\u76ee\u6807\uff0c\u8054\u4ea4\u6240\u5c06\u5141\u8bb8<\/span>SPAC<\/span>\u5411<\/span>SPAC<\/span>\u53d1\u8d77\u4eba\u53d1\u884c\u63d0\u6210\u6743\uff0c\u5176\u540e\u53ef\u8f6c\u6362\u4e3a\u7ee7\u627f\u516c\u53f8\u7684\u666e\u901a\u80a1\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n
\u8054\u4ea4\u6240\u5c06\u5141\u8bb8\u5c06\u80a1\u4ef7\u7528\u4f5c\u63d0\u6210\u6743\u7684\u7ee9\u6548\u76ee\u6807\uff0c\u53ea\u8981\u8fd9\u4e9b\u80a1\u4ef7\u7ee9\u6548\u76ee\u6807\u662f<\/span>: <\/span><\/p>\n
\u00a0<\/span><\/p>\n
(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>\u8f83<\/span> SPAC <\/span>\u80a1\u4efd\u4e8e<\/span> SPAC <\/span>\u4e0a\u5e02\u65f6\u7684\u53d1\u884c\u4ef7\u9ad8\u51fa\u81f3\u5c11<\/span> 20%<\/span>\uff1b<\/span><\/p>\n
\u00a0<\/span><\/p>\n
(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>\u76ee\u6807\u6761\u4ef6\u4e3a\u8d85\u903e\u7ee7\u627f\u516c\u53f8\u80a1\u4efd\u5728<\/span> 30 <\/span>\u4e2a\u8fde\u7eed\u4ea4\u6613\u65e5\u671f\u95f4\uff08\u8be5\u671f\u95f4\u987b\u5728\u7ee7\u627f\u516c\u53f8<\/span>\u4e0a\u5e02\u540e\u81f3\u5c11\u516d\u4e2a\u6708\u5f00\u59cb\uff09\u81f3\u5c11<\/span> 20 <\/span>\u4e2a\u4ea4\u6613\u65e5\u7684\u9884\u5b9a\u6210\u4ea4\u91cf\u52a0\u6743\u5e73\u5747\u4ef7\u683c\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u7ecf\u7eaa\u4f63\u91d1<\/span><\/strong><\/p>\n<\/td>\n<\/tr>\n
\n
9.<\/span><\/p>\n<\/td>\n
\n
\u65e0\u3002<\/span><\/p>\n<\/td>\n
\n
SPAC<\/span>\u5728\u9996\u6b21\u4e0a\u5e02\u65f6\u914d\u552e<\/span>SPAC<\/span>\u8bc1\u5238\u8c41\u514d<\/span> 1%<\/span>\u7ecf\u7eaa\u4f63\u91d1\u89c4\u5b9a\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u4ea4\u6613\u5b89\u6392<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
10.<\/p>\n<\/td>\n
\n
\u4ece\u9996\u6b21\u4e0a\u5e02\u4e4b\u65e5\u8d77\u81f3<\/span>SPAC\u5e76\u8d2d\u4ea4\u6613\u5b8c\u6210\u671f\u95f4\uff0c\u5206\u5f00\u4e70\u5356<\/span> SPAC \u80a1\u4efd\u53ca<\/span> SPAC \u6743\u8bc1\u3002\u8054\u4ea4\u6240\u63d0\u51fa\u4e24\u4e2a\u65b9\u6848\u4ee5\u51cf\u4f4e\u6ce2\u52a8\u7684\u98ce\u9669\uff0c\u5373<\/span>:<\/p>\n
(a) \u65b9\u6848<\/span><\/b>1<\/b>: \u5141\u8bb8<\/span> SPAC \u6743\u8bc1\u7684\u975e\u81ea\u52a8\u5bf9\u76d8\u4ea4\u6613\uff1b\u548c<\/span><\/p>\n
(b) \u65b9\u6848<\/span><\/b>2<\/b>: \u5141\u8bb8<\/span> SPAC \u8bc1\u5238\u7684\u81ea\u52a8\u5bf9\u76d8\uff08\u63d0\u4f9b\u5e02\u573a\u6ce2\u52a8\u8c03\u8282\u673a\u5236\uff09\u53ca\u975e\u81ea\u52a8\u5bf9\u76d8\u4ea4\u6613\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n
\n
\u65b9\u6848<\/span>2\u7684\u63d0\u6848\u83b7\u5f97\u901a\u8fc7<\/i><\/b>\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n
\n
\u6743\u8bc1<\/span><\/strong><\/b><\/p>\n<\/td>\n<\/tr>\n
\n
11.<\/span><\/p>\n<\/td>\n
\n
\u53d1\u8d77\u4eba\u6743\u8bc1\u53ca<\/span>SPAC<\/span>\u6743\u8bc1\u5e94\u5728<\/span>SPAC<\/span>\u5e76\u8d2d\u4ea4\u6613\u5b8c\u6210\u540e\u884c\u4f7f\u3002\u3002\u8054\u4ea4\u6240\u4ea6\u5efa\u8bae\u7981\u6b62<\/span>SPAC <\/span>\u4ee5\u4f4e\u4e8e\u516c\u5e73\u4ef7\u503c\u7684\u4ef7\u683c\u53d1\u884c\u53d1\u8d77\u4eba\u6743\u8bc1\uff0c\u53d1\u8d77\u4eba\u6743\u8bc1\u7684\u53d1\u884c\u6761\u6b3e<\/span>\u4ea6\u4e0d\u5f97\u6bd4<\/span> SPAC <\/span>\u6743\u8bc1\u7684\u6761\u6b3e\u6709\u5229\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n
\n
\u63d0\u6848\u4fee\u6539<\/em><\/strong>\uff0c\u8054\u4ea4\u6240\u5c06\u7981\u6b62<\/span>:<\/p>\n
(a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u53d1\u8d77\u4eba\u6309\u6bcf\u4e2a\u53d1\u8d77\u4eba\u6743\u8bc1\u4f4e\u4e8e<\/span> SPAC \u80a1\u4efd\u53d1\u884c\u4ef7\u7684<\/span> 10%\u4e4b\u4ef7\u683c\u53d1\u884c<\/span>\u6709\u5173\u6743\u8bc1\u53d1\u8d77\u4eba\u6309\u6bcf\u4e2a\u53d1\u8d77\u4eba\u6743\u8bc1\u4f4e\u4e8e<\/span> SPAC \u80a1\u4efd\u53d1\u884c\u4ef7\u7684<\/span> 10%\u4e4b\u4ef7\u683c\u53d1\u884c<\/span>\u6709\u5173\u6743\u8bc1\uff1b\u53ca<\/span><\/p>\n
(b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\u53d1\u8d77\u4eba\u6743\u8bc1\u8d4b\u4e88\u5176\u6301\u6709\u4eba\u5728\u884c\u4f7f\u540e\u83b7\u5f97\u591a\u4e8e\u4e00\u80a1\u7ee7\u627f\u516c\u53f8\u7684\u80a1\u4efd\u3002\u8054\u4ea4\u6240\u8fd8\u5b9e\u65bd\u989d\u5916\u89c4\u5b9a\uff0c\u5373<\/span>SPAC\u6743\u8bc1\u53ca\u53d1\u8d77\u4eba\u6743\u8bc1\u7684\u6700\u4f4e\u884c\u6743\u4ef7\u683c\u5fc5\u987b\u6bd4<\/span>SPAC\u80a1\u4efd\u7684\u53d1\u884c\u4ef7\u81f3\u5c11<\/span>15%\u3002<\/span><\/p>\n
\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/p>\n
$\"\"$ <\/p>\n
\u5206\u6790\u4e0e\u542f\u793a\u00a0<\/strong><\/p>\n
\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u9999\u6e2f\u7684\u76d1\u7ba1\u673a\u6784\u5728\u8c18\u8be2\u603b\u7ed3\u4e2d\uff0c\u4e00\u76f4\u7d27\u8bb0\u5bf9\u6295\u8d44\u8005\u4fdd\u62a4\u7684\u8d23\u4efb\u3002\u9999\u6e2f\u7684\u65b0SPAC\u4e0a\u5e02\u5236\u5ea6\uff0c\u65e8\u5728\u901a\u8fc7\u5141\u8bb8SPAC\u4e0a\u5e02\uff0c\u540c\u65f6\u786e\u4fdd\u9ad8\u8d28\u91cf\u7684SPAC\u53d1\u8d77\u4eba\u53caSPAC\u5e76\u8d2d\u76ee\u6807\u8fdb\u5165\u9999\u6e2f\u8d44\u672c\u5e02\u573a\uff0c\u4ee5\u7ef4\u6301\u7a33\u5065\u7684\u76d1\u7ba1\u6846\u67b6\uff0c\u5728\u7ef4\u62a4\u9999\u6e2f\u4f5c\u4e3a\u4e3b\u8981\u91d1\u878d\u4e2d\u5fc3\u7684\u5730\u4f4d\u4e4b\u95f4\u53d6\u5f97\u5e73\u8861\u3002<\/b><\/p>\n
\u5982\u6709\u4efb\u4f55\u7591\u95ee\u6216\u83b7\u53d6\u66f4\u591a\u4fe1\u606f\uff0c\u8bf7\u8054\u7cfb\u6211\u4eec\u7684\u5408\u4f19\u4eba\u5f20\u6e90\u8f89\u5f8b\u5e08<\/a>\u6216\u6211\u4eec\u7684 \u5218\u548f\u7433\u5f8b\u5e08<\/a>\u3002<\/p>\n
\u672c\u65b0\u95fb\u7b80\u8baf\u4ec5\u4f9b\u53c2\u8003\u4e4b\u7528\u3002\u672c\u65b0\u95fb\u7b80\u8baf\u4e4b\u5185\u5bb9\u4e0d\u6784\u6210\u4ea6\u4e0d\u5e94\u88ab\u89c6\u4e3a\u6cd5\u5f8b\u610f\u89c1\u3002\u5bf9\u4e8e\u4efb\u4f55\u56e0\u6839\u636e\u6216\u501a\u8d56\u672c\u6587\u4ef6\u6240\u8f7d\u8d44\u6599\u6240\u4f5c\u51b3\u5b9a\uff0c\u884c\u52a8\u6216\u4e0d\u884c\u52a8\u800c\u5f15\u81f4\u7684\u635f\u5931\u6216\u635f\u5bb3\uff0c\u53f2\u8482\u6587\u751f\u9ec4\u5f8b\u5e08\u4e8b\u52a1\u6240\u6982\u4e0d\u8d1f\u8d23\u3002<\/p>","protected":false},"excerpt":{"rendered":"
\u9999\u6e2f\u4ea4\u6613\u6240\u5c31\u7279\u6b8a\u76ee\u7684\u6536\u8d2d\u516c\u53f8\u520a\u53d1\u54a8\u8be2\u603b\u7ed3 \u7b80\u4ecb 2021\u5e7412\u670817\u65e5\uff0c\u9999\u6e2f\u8054\u5408\u4ea4\u6613\u6240\u6709\u9650\u516c\u53f8(\u300c\u8054\u4ea4\u6240\u300d) .<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[39,42],"tags":[],"class_list":["post-10927","post","type-post","status-publish","format-standard","hentry","category-news","category-news2"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/10927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/comments?post=10927"}],"version-history":[{"count":21,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/10927\/revisions"}],"predecessor-version":[{"id":10952,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/posts\/10927\/revisions\/10952"}],"wp:attachment":[{"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/media?parent=10927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/categories?post=10927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sw-hk.com\/zh\/wp-json\/wp\/v2\/tags?post=10927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}