It refers to the senior debt which rank is ahead of ordinarysharecapital will enjoy the first repayment in the case of default.
指偿债顺序排在普通股之前的公司优先债,在出现违约的情况下,享受优先受偿权。
2
Companies with a total sharecapital of Rmb 400 million or more may issue shares by the combined method of Network Offering to ordinary investors and private placement to legal persons.