{"id":3595,"date":"2019-06-18T04:29:19","date_gmt":"2019-06-18T04:29:19","guid":{"rendered":"https:\/\/hk.valtech-valuation.com\/%e6%94%b6%e8%b4%ad%e4%bb%b7%e6%a0%bc%e5%88%86%e6%91%8a\/"},"modified":"2024-10-21T14:48:41","modified_gmt":"2024-10-21T14:48:41","slug":"%e6%94%b6%e8%b4%ad%e4%bb%b7%e6%a0%bc%e5%88%86%e6%91%8a","status":"publish","type":"post","link":"https:\/\/hk.valtech-valuation.com\/cn\/%e6%94%b6%e8%b4%ad%e4%bb%b7%e6%a0%bc%e5%88%86%e6%91%8a\/","title":{"rendered":"\u6536\u8d2d\u4ef7\u683c\u5206\u644a"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><h2>\u6536\u8d2d\u4ef7\u683c\u5206\u644a(PPA)<\/h2>\n<p>\u6536\u8d2d\u4ef7\u683c\u5206\u644a\uff08Purchase Price Allocation\uff0cPPA\uff09\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u662f\u6307\u4f1a\u8ba1\u51c6\u5219\u89c4\u5b9a\u7684\u975e\u540c\u4e00\u63a7\u5236\u4e0b\u4f01\u4e1a\u5408\u5e76\u6210\u672c\u5728\u53d6\u5f97\u7684\u53ef\u8fa8\u8ba4\u8d44\u4ea7\u3001\u8d1f\u503a\u548c\u6216\u6709\u8d1f\u503a\u4e4b\u95f4\u7684\u5206\u914d\u3002<\/p>\n<h2>\u5e10\u9762\u4ef7\u503c\u8c03\u6574\u6210\u516c\u5141\u4ef7\u503c<\/h2>\n<p>\u5728\u8fdb\u884c\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u65f6\uff0c\u539f\u5219\u4e0a\u6240\u6709\u7684\u8d44\u4ea7\u8d1f\u503a\u90fd\u9700\u8981\u8c03\u6574\u5230\u516c\u5141\u4ef7\u503c\u3002\u6b64\u7b49\u8d44\u4ea7\u53ef\u4ee5\u662f\u6709\u5f62\u7684\u673a\u5668\u53ca\u8bbe\u5907\u53ca\u623f\u5730\u4ea7\u6216\u65e0\u5f62\u7684(\u4e13\u5229\u3001\u5546\u6807\u3001\u77e5\u8bc6\u4ea7\u6743\u3001\u987e\u5ba2\u540d\u5355\u4ee5\u53ca\u975e\u7ade\u4e89\u6027\u5408\u7ea6\u7b49)\u3002\u516c\u5141\u4ef7\u503c\uff08Fair Value\uff09 \u4ea6\u79f0\u516c\u5141\u5e02\u4ef7\u3001\u516c\u5141\u4ef7\u683c\u3002\u719f\u6089\u5e02\u573a\u60c5\u51b5\u7684\u4e70\u5356\u53cc\u65b9\u5728\u516c\u5e73\u4ea4\u6613\u7684\u6761\u4ef6\u4e0b\u548c\u81ea\u613f\u7684\u60c5\u51b5\u4e0b\u6240\u786e\u5b9a\u7684\u4ef7\u683c\uff0c\u6216\u65e0\u5173\u8054\u7684\u53cc\u65b9\u5728\u516c\u5e73\u4ea4\u6613\u7684\u6761\u4ef6\u4e0b\u4e00\u9879\u8d44\u4ea7\u53ef\u4ee5\u88ab\u4e70\u5356\u6216\u8005\u4e00\u9879\u8d1f\u503a\u53ef\u4ee5\u88ab\u6e05\u507f\u7684\u6210\u4ea4\u4ef7\u683c\u3002\u5728\u5b9e\u52a1\u4e2d\uff0c\u901a\u5e38\u7531\u8d44\u4ea7\u8bc4\u4f30\u673a\u6784\u5bf9\u88ab\u5e76\u4f01\u4e1a\u7684\u51c0\u8d44\u4ea7\u8fdb\u884c\u8bc4\u4f30\u3002<\/p>\n<h2>\u53ef\u8fa8\u8ba4\u8d44\u4ea7\u3001\u8d1f\u503a\u7684\u8ba1\u91cf\u548c\u4f30\u503c<\/h2>\n<ul>\n<li>\u8d27\u5e01\u8d44\u91d1\u3002\u6309\u7167\u8d2d\u4e70\u65e5\u88ab\u8d2d\u4e70\u65b9\u7684\u5e10\u9762\u4f59\u989d\u786e\u5b9a<\/li>\n<li>\u6709\u6d3b\u8dc3\u5e02\u573a\u7684\u80a1\u7968\u3001\u503a\u5238\u3001\u57fa\u91d1\u7b49\u91d1\u878d\u5de5\u5177\u3002\u6309\u7167\u8d2d\u4e70\u65e5\u6d3b\u8dc3\u5e02\u573a\u4e2d\u7684\u5e02\u573a\u4ef7\u503c\u786e\u5b9a\u3002<\/li>\n<li>\u5e94\u6536\u6b3e\u9879\u3002\u5bf9\u77ed\u671f\u5e94\u6536\u6b3e\u9879\u6309\u5e94\u6536\u53d6\u7684\u91d1\u989d\u4f5c\u4e3a\u516c\u5141\u4ef7\u503c\uff1b\u5bf9\u957f\u671f\u5e94\u6536\u6b3e\u9879\uff0c\u4ee5\u6309\u9002\u5f53\u7684\u73b0\u884c\u5229\u7387\u6298\u73b0\u540e\u7684\u73b0\u503c\u786e\u5b9a\u5176\u516c\u5141\u4ef7\u503c\u3002\u5e94\u8003\u8651\u53d1\u751f\u574f\u5e10\u7684\u53ef\u80fd\u6027\u53ca\u76f8\u5173\u6536\u6b3e\u8d39\u7528\u3002<\/li>\n<li>\u5b58\u8d27\u3002\u4ea7\u6210\u54c1\u548c\u5546\u54c1\u6309\u5176\u4f30\u8ba1\u552e\u4ef7\u51cf\u53bb\u4f30\u8ba1\u7684\u9500\u552e\u8d39\u7528\u3001\u76f8\u5173\u7a0e\u8d39\u4ee5\u53ca\u8d2d\u4e70\u65b9\u901a\u8fc7\u81ea\u8eab\u52aa\u529b\u5728\u9500\u552e\u8fc7\u7a0b\u4e2d\u5bf9\u4e8e\u7c7b\u4f3c\u7684\u4ea7\u6210\u54c1\u6216\u5546\u54c1\u53ef\u80fd\u5b9e\u73b0\u7684\u5229\u6da6\u786e\u5b9a\uff1b\u5728\u4ea7\u54c1\u6309\u5b8c\u5de5\u4ea7\u54c1\u7684\u4f30\u8ba1\u552e\u4ef7\u51cf\u53bb\u81f3\u5b8c\u5de5\u4ecd\u5c06\u53d1\u751f\u7684\u6210\u672c\u3001\u9884\u8ba1\u9500\u552e\u8d39\u7528\u3001\u76f8\u5173\u7a0e\u8d39\u4ee5\u53ca\u57fa\u4e8e\u540c\u7c7b\u6216\u7c7b\u4f3c\u4ea7\u6210\u54c1\u7684\u57fa\u7840\u4e0a\u4f30\u8ba1\u53ef\u80fd\u5b9e\u73b0\u7684\u5229\u6da6\u786e\u5b9a\uff1b\u539f\u6750\u6599\u6309\u73b0\u884c\u91cd\u7f6e\u6210\u672c\u786e\u5b9a\u3002<\/li>\n<li>\u4e0d\u5b58\u5728\u6d3b\u8dc3\u5e02\u573a\u7684\u91d1\u878d\u5de5\u5177\u3002\u5982\u6743\u76ca\u6027\u6295\u8d44\u7b49\uff0c\u5e94\u5f53\u53c2\u7167\u91d1\u878d\u5de5\u5177\u786e\u8ba4\u548c\u8ba1\u91cf\u7b49\u89c4\u5b9a\uff0c\u91c7\u7528\u4f30\u503c\u6280\u672f\u786e\u5b9a\u5176\u516c\u5141\u4ef7\u503c\u3002<\/li>\n<li>\u623f\u5c4b\u5efa\u7b51\u7269\u3001\u673a\u5668\u8bbe\u5907\u3001\u65e0\u5f62\u8d44\u4ea7\u3002\u5b58\u5728\u6d3b\u8dc3\u5e02\u573a\u7684\uff0c\u5e94\u4ee5\u8d2d\u4e70\u65e5\u7684\u5e02\u573a\u4ef7\u683c\u786e\u5b9a\u5176\u516c\u5141\u4ef7\u503c\uff1b\u672c\u8eab\u4e0d\u5b58\u5728\u6d3b\u8dc3\u5e02\u573a\uff0c\u4f46\u540c\u7c7b\u6216\u7c7b\u4f3c\u8d44\u4ea7\u5b58\u5728\u6d3b\u8dc3\u5e02\u573a\u7684\uff0c\u5e94\u53c2\u7167\u540c\u7c7b\u6216\u7c7b\u4f3c\u8d44\u4ea7\u7684\u5e02\u573a\u4ef7\u683c\u786e\u5b9a\u5176\u516c\u5141\u4ef7\u503c\uff1b\u540c\u7c7b\u6216\u7c7b\u4f3c\u623f\u5c4b\u5efa\u7b51\u7269\u4e5f\u4e0d\u5b58\u5728\u6d3b\u8dc3\u5e02\u573a\u7684\uff0c\u5e94\u8fd0\u7528\u4f30\u503c\u6280\u672f\u786e\u5b9a\u5176\u516c\u5141\u4ef7\u503c\u3002<\/li>\n<li>\u5e94\u4ed8\u5e10\u6b3e\u3001\u5e94\u4ed8\u7968\u636e\u3001\u5e94\u4ed8\u804c\u5de5\u85aa\u916c\u3001\u5e94\u4ed8\u503a\u5238\u3001\u957f\u671f\u5e94\u4ed8\u6b3e\u3002\u5bf9\u5176\u4e2d\u7684\u77ed\u671f\u503a\u52a1\uff0c\u4e00\u822c\u5e94\u6309\u5e94\u652f\u4ed8\u7684\u91d1\u989d\u4f5c\u4e3a\u5176\u516c\u5141\u4ef7\u503c\uff1b\u957f\u671f\u503a\u52a1\uff0c\u5e94\u5f53\u4ee5\u6309\u9002\u5f53\u7684\u6298\u73b0\u7387\u6298\u73b0\u540e\u7684\u73b0\u503c\u4f5c\u4e3a\u5176\u516c\u5141\u4ef7\u503c\u3002<\/li>\n<\/ul>\n<h2>\u76f8\u5173\u4f1a\u8ba1\u51c6\u5219<\/h2>\n<ul>\n<li>\u56fd\u9645\u8d22\u52a1\u62a5\u5bfc\u51c6\u5219(IFRS)\u7b2c3 \u53f7\u4f01\u4e1a\u5408\u5e76<\/li>\n<li>IFRS 13 \u516c\u5141\u4ef7\u503c\u8861\u91cf<\/li>\n<li>\u56fd\u9645\u4f1a\u8ba1\u51c6\u5219\u7b2c38\u53f7-\u65e0\u5f62\u8d44\u4ea7<\/li>\n<li>\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u4ea7\u751f\u5546\u8a89<\/li>\n<\/ul>\n<h2>\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u4ea7\u751f\u5546\u8a89<\/h2>\n<p>\u5546\u8a89\u662f\u6307\u80fd\u5728\u672a\u6765\u671f\u95f4\u4e3a\u4f01\u4e1a\u7ecf\u8425\u5e26\u6765\u8d85\u989d\u5229\u6da6\u7684\u6f5c\u5728\u7ecf\u6d4e\u4ef7\u503c\uff0c\u6216\u4e00\u5bb6\u4f01\u4e1a\u9884\u671f\u7684\u83b7\u5229\u80fd\u529b\u8d85\u8fc7\u53ef\u8fa8\u8ba4\u8d44\u4ea7\u6b63\u5e38\u83b7\u5229\u80fd\u529b\uff08\u5982\u793e\u4f1a\u5e73\u5747\u6295\u8d44\u56de\u62a5\u7387\uff09\u7684\u8d44\u672c\u5316\u4ef7\u503c\u3002\u5546\u8a89\u662f\u4f01\u4e1a\u6574\u4f53\u4ef7\u503c\u7684\u7ec4\u6210\u90e8\u5206\u3002\u5728\u4f01\u4e1a\u5408\u5e76\u65f6\uff0c\u5b83\u662f\u8d2d\u4e70\u4f01\u4e1a\u6295\u8d44\u6210\u672c\u8d85\u8fc7\u88ab\u5e76\u4f01\u4e1a\u51c0\u8d44\u4ea7\u516c\u5141\u4ef7\u503c\u7684\u5dee\u989d\u3002<\/p>\n<h2>\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u7684\u91cd\u8981\u6027<\/h2>\n<ul>\n<li>\u53ef\u4f5c\u4e3a\u672a\u6765\u5546\u8a89\u53ca\u8d44\u4ea7\u51cf\u635f\u6d4b\u8bd5\u4e4b\u57fa\u7840<\/li>\n<li>\u501f\u6b64\u8fdb\u884c\u65e0\u5f62\u8d44\u4ea7\u8fa8\u8bc6\u53ca\u8bc4\u4ef7<\/li>\n<li>\u53ef\u8fa8\u8bc6\u6240\u6709\u8d44\u4ea7\u53ca\u8d1f\u503a\u4e4b\u516c\u5e73\u4ef7\u503c<\/li>\n<li>\u53ef\u63d0\u4f9b\u8d44\u672c\u5e02\u573a\u91cd\u8981\u7684\u8d44\u8baf<\/li>\n<li>\u4e86\u89e3\u8d2d\u4e70\u4ef7\u683c\u7684\u7ec4\u6210\uff0c\u53ef\u505a\u4e3a\u672a\u6765\u7c7b\u4f3c\u5e76\u8d2d\u6848\u7684\u53c2\u8003<\/li>\n<li>\u8ba1\u7b97\u51fa\u4e4b\u5546\u8a89\u4ef7\u503c\u53ef\u8bf4\u660e\u8d2d\u4e70\u4ef7\u683c\u7684\u5408\u7406\u6027<\/li>\n<\/ul>\n<\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:10px;width:100%;\"><div class=\"fusion-separator-border sep-single\" style=\"--awb-height:20px;--awb-amount:20px;--awb-sep-color:rgba(255,252,252,0);border-color:rgba(255,252,252,0);border-top-width:2px;\"><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:60;line-height:1.40;\"><h4><span style=\"color: #242f47;\"><strong>\u7279\u6b8a\u60c5\u6cc1<\/strong><\/span><\/h4><\/h1><\/div><ul style=\"--awb-iconcolor:#f2ab10;--awb-line-height:23.8px;--awb-icon-width:23.8px;--awb-icon-height:23.8px;--awb-icon-margin:9.8px;--awb-content-margin:33.6px;\" class=\"fusion-checklist fusion-checklist-1 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-search fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>\u6d89\u53ca\u670d\u52a1\u7279\u8bb8\u6743\u534f\u8bae\u7684\u6536\u8d2d\u4ef7\u683c\u5206\u644a, \u5f53\u4e2d\u4f1a\u6d89\u53ca\u91d1\u878d\u8d44\u4ea7\u548c\u65e0\u5f62\u8d44\u4ea7\u7684\u91cd\u4f30<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-search fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>earn-out (\u76c8\u5229\u80fd\u529b\u652f\u4ed8\u8ba1\u753b) \u6307\u7531\u4e8e\u4ea4\u6613\u53cc\u65b9\u5bf9\u4ef7\u503c\u548c\u98ce\u9669\u7684\u5224\u65ad\u4e0d\u4e00\u81f4,\u5c06\u4f20\u7edf\u7684\u4e00\u6b21\u6027\u4ed8\u6b3e\u65b9\u5f0f\u8f6c\u53d8\u6210\u6309\u7167\u672a\u6765\u4e00\u5b9a\u65f6\u671f\u5185\u7684\u4e1a\u7ee9\u8868\u73b0\u8fdb\u884c\u652f\u4ed8\u7684\u4ea4\u6613\u6a21\u5f0f\u3002\u901a\u5e38\u51fa\u73b0\u5728\u5728\u516c\u53f8\u5e76\u8d2d\u4e2d\uff0cearn-out\u5e76\u8d2d\u65b9\u6839\u636e\u88ab\u5e76\u8d2d\u65b9\u5c06\u6765\u7684\u76c8\u5229\u80fd\u529b\uff0c\u53e6\u5916\u652f\u4ed8\u7ed9\u88ab\u5e76\u8d2d\u65b9\u7684\u5bf9\u4ef7\u3002<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-search fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>\u5bf9\u4e8e\u534f\u540c\u6548\u5e94(Synergy Effects)\u4e4b\u8bc4\u6838\u3002\u534f\u540c\u6548\u5e94\u662f\u6307\u5e76\u8d2d\u540e\u7ade\u4e89\u529b\u589e\u5f3a\uff0c\u5bfc\u81f4\u51c0\u73b0\u91d1\u6d41\u91cf\u8d85\u8fc7\u4e24\u5bb6\u516c\u53f8\u9884\u671f\u73b0\u91d1\u6d41\u4e4b\u548c\uff0c\u6216\u8005\u5408\u5e76\u540e\u516c\u53f8\u4e1a\u7ee9\u6bd4\u4e24\u4e2a\u516c\u53f8\u72ec\u7acb\u5b58\u5728\u65f6\u7684\u9884\u671f\u4e1a\u7ee9\u9ad8\u3002<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-search fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>\u76ee\u6807\u96c6\u56e2\u7531\u5927\u91cf\u7684\u9879\u76ee\u516c\u53f8\u548c\u4e0d\u540c\u7684\u4f01\u4e1a\u5206\u522b\u6240\u7ec4\u6210<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-no\"><i class=\"fusion-li-icon fa-search fas\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>\u76ee\u6807\u96c6\u56e2\u7684\u4e1a\u52a1\u8303\u56f4\u6d89\u53ca\u4e0d\u540c\u56fd\u5bb6<\/p>\n<\/div><\/li><\/ul><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-reading-box-container reading-box-container-1\" style=\"--awb-title-color:#333333;--awb-margin-top:0px;--awb-margin-bottom:84px;\"><div class=\"reading-box\" style=\"background-color:#f5f5f5;border-width:1px;border-color:#f5f5f5;border-top-width:3px;border-top-color:var(--primary_color);border-style:solid;\"><h2>\u70ba\u4f55\u9078\u64c7\u65b9\u7a0b\u8a55\u4f30(Valtech)?<\/h2><div class=\"reading-box-additional fusion-reading-box-additional\">\n<h4><span style=\"color: #000080;\">\u65b9\u7a0b\u8bc4\u4f30\u7684\u56e2\u961f\u62e5\u6709\u4e30\u5bcc\u7684\u4f30\u503c\u7ecf\u9a8c,\u56e2\u961f\u6709\u8d85\u8fc7200\u5bb6\u4e0a\u5e02\u516c\u53f8\u7684\u670d\u52a1\u7ecf\u9a8c,\u5f53\u4e2d\u5305\u62ec\u4e0d\u5c11\u91cd\u5927\u7684\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u9879\u76ee\u3002\u65b9\u7a0b\u8bc4\u4f30\u7684\u56e2\u961f\u6709\u4e3a\u9999\u6e2f,\u65b0\u52a0\u5761,\u53f0\u6e7e,\u6fb3\u6d32,\u7f8e\u56fd\u548c\u5fb7\u56fd\u4e0a\u5e02\u516c\u53f8\u63d0\u4f9b\u8bc4\u4f30\u670d\u52a1\u7684\u7ecf\u9a8c\u3002<\/span><\/h4>\n<p>\u65b9\u7a0b\u8bc4\u4f30\u7684\u987e\u95ee\u56e2\u961f\u6765\u81ea\u5e7f\u6cdb\u7684\u4e13\u4e1a\u754c\u522b,\u5728\u52a0\u5165\u672c\u96c6\u56e2\u524d,\u4ed6\u4eec\u8fd8\u7d2f\u79ef\u4e86\u5305\u62ec\u5ba1\u8ba1,\u8d22\u52a1\u6a21\u578b\u5efa\u6784,\u7a0e\u52a1\u54a8\u8be2,\u5185\u90e8\u63a7\u5236\u548c\u6d4b\u91cf\u7b49\u7ecf\u9a8c\u3002\u6211\u4eec\u7684\u7ba1\u7406\u5c42\u4e5f\u4e13\u6ce8\u957f\u8fdc\u53d1\u5c55\u7ed9\u5438\u5f15\u4e2d\u56fd\u5927\u9646\u548c\u9999\u6e2f\u7684\u4eba\u624d,\u5e76\u5efa\u7acb\u591a\u5143\u5316\u7684\u987e\u95ee\u7f51\u7edc\u3002\u53e6\u5916\u672c\u96c6\u56e2\u4e5f\u79ef\u6781\u63a8\u8fdb\u900f\u8fc7\u79d1\u6280\u53bb\u63d0\u5347\u8bc4\u4f30\u7684\u6c34\u5e73\u53ca\u6548\u7387\uff0c\u4e0e\u65f6\u5e76\u8fdb\u3002<\/p>\n<p><img decoding=\"async\" class=\"wp-image-2712 size-800 aligncenter\" src=\"https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-800x478.png\" alt=\"\" width=\"800\" height=\"478\" srcset=\"https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-200x119.png 200w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-300x179.png 300w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-400x239.png 400w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-600x358.png 600w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-768x459.png 768w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-800x478.png 800w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-1024x612.png 1024w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese-1200x717.png 1200w, https:\/\/hk.valtech-valuation.com\/wp-content\/uploads\/sites\/10\/2019\/06\/Clients-Composition-Chinese.png 1368w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u8fdb\u884c\u6536\u8d2d\u4ef7\u683c\u5206\u644a\u65f6\uff0c\u539f\u5219\u4e0a\u6240\u6709\u7684\u8d44\u4ea7\u8d1f\u503a\u90fd\u9700\u8981\u8c03\u6574\u5230\u516c\u5141\u4ef7\u503c\u3002\u6b64\u7b49\u8d44\u4ea7\u53ef\u4ee5\u662f\u6709\u5f62\u7684\u673a\u5668\u53ca\u8bbe\u5907\u53ca\u623f\u5730\u4ea7\u6216\u65e0\u5f62\u7684(\u4e13\u5229\u3001\u5546\u6807\u3001\u77e5\u8bc6\u4ea7\u6743\u3001\u987e\u5ba2\u540d\u5355\u4ee5\u53ca\u975e\u7ade\u4e89\u6027\u5408\u7ea6\u7b49)\u3002\u516c\u5141\u4ef7\u503c\uff08Fair Value\uff09 \u4ea6\u79f0\u516c\u5141\u5e02\u4ef7\u3001\u516c\u5141\u4ef7\u683c\u3002\u719f\u6089\u5e02\u573a\u60c5\u51b5\u7684\u4e70\u5356\u53cc\u65b9\u5728\u516c\u5e73\u4ea4\u6613\u7684\u6761\u4ef6\u4e0b\u548c\u81ea\u613f\u7684\u60c5\u51b5\u4e0b\u6240\u786e\u5b9a\u7684\u4ef7\u683c\uff0c\u6216\u65e0\u5173\u8054\u7684\u53cc\u65b9\u5728\u516c\u5e73\u4ea4\u6613\u7684\u6761\u4ef6\u4e0b\u4e00\u9879\u8d44\u4ea7\u53ef\u4ee5\u88ab\u4e70\u5356\u6216\u8005\u4e00\u9879\u8d1f\u503a\u53ef\u4ee5\u88ab\u6e05\u507f\u7684\u6210\u4ea4\u4ef7\u683c\u3002\u5728\u5b9e\u52a1\u4e2d\uff0c\u901a\u5e38\u7531\u8d44\u4ea7\u8bc4\u4f30\u673a\u6784\u5bf9\u88ab\u5e76\u4f01\u4e1a\u7684\u51c0\u8d44\u4ea7\u8fdb\u884c\u8bc4\u4f30\u3002<\/p>\n","protected":false},"author":1,"featured_media":3596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154],"tags":[167,168],"class_list":["post-3595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category--cn","tag-ppa-cn","tag--cn"],"_links":{"self":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/3595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/comments?post=3595"}],"version-history":[{"count":2,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/3595\/revisions"}],"predecessor-version":[{"id":5345,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/posts\/3595\/revisions\/5345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media\/3596"}],"wp:attachment":[{"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/media?parent=3595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/categories?post=3595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hk.valtech-valuation.com\/cn\/wp-json\/wp\/v2\/tags?post=3595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}