關於 binding force ，我們在網路上蒐集到這些相關的討論、資訊與評價

［結果都係私有化］但，點解要私有化？就解你知。

TLDR：一來就9蚊買10蚊嘢。二來，公司一路擴張業務，但資本唔夠，又集唔到資。老母想增資又受制於75%公共持股限制，咁私有化咪一了百了，私人公司點增次都得

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1. 上次寫過下廖創興，呢個「短暫停牌」一短暫就搞咗兩個星期。呼，同宇宙歷史相比都係好短暫。

2. Anyway，都係開大路嘢，私有化。原本好似有講「越秀要私有化嘅當年買就順手做埋啦」，的確係。你見當年招商買永隆，私有化除牌；坡佬華僑銀行（OCBC）買永亨，亦係除埋牌。咁但，當年有當年保持上市地位嘅理由，而家一樣可以改變主意啫。可能環境唔同，或者當初考慮得唔周到。陣間會講呢部份。

3. 作價係20.8蚊，較停牌前溢價五成。留意停牌嗰日都仲抽咗三成，「你話冇煙嘥打不如打撚死我啦」，但你估證監會唔會做嘢？梗係證據不足啦。

4. 咁講返，過去五年任何位買嘅，你都贏錢走，還好啦。至於你話個價合唔合理？超，有乜合唔合理，你受咪合理。可以唔受的，要股東會投票，但我估必定過到。特別係今年唔再係舊年咁人人股神，好多人都想套現走人算，陣間私有化唔成又跌返落10蚊邊

5. 另外留意，公告寫明唔會加價，亦不保留呢個權利。即係，take it or leave it，受就受，唔受就拉到。咁你話可唔可以20.8唔受，下個月大股東又玩21蚊私有化？梗係唔得啦，古惑仔烏鴉投長紅定阿仙奴雲加買蘇亞雷斯呀？一次衰咗，應該一年（好似係）不能重提。同樣地，legally binding 的，話咗唔加，就真係唔可以加，唔可以見勢色唔到，「唏當我冇講過」「Please ignore my previous email」

6. 咁你話，有冇公司唔出呢句嘢？有的。咁有冇試過之後真係加價？都試過，不過近年都唔多記得，要講十幾廿年前中信國金（183）（主要係中信嘉華銀行，即係而家中信銀行（國際））私有化，就真係見勢色唔對，然後再加價。

7. 咁都話，過去五年買，你任何位買都贏錢。但可能作價同好多人預期都爭好遠。當然我諗大家咁大個人，唔會以為可以重演金融海融前嗰啲咩3倍book 賣盤。但，你見寫到明，每股淨資產23.14。即係11%折讓，0.9倍book．9蚊買10蚊嘢，抵。而銀行啲資產，好多都mark to market，照計真實價值唔會同在盤數上好大分別。至於咩「商譽」（＊），冇噃，名譽呢樣嘢唔係人人可以有的。

8. 點解私有化？先講官方原因，當然少不免就係股價一路唔掂呀冇成交呀小股東好慘呀而家大股東慈悲為懷畀個機會你走就讓全世界所有罪都讓我揹。真的，每一份都係咁寫，亦即係廢話。正如啲IPO，寫公司賣點係「管理層優秀」，亦即係廢話，因為呢句係萬能key

9. 比較有意思嘅係，佢有講過去7年（即係越秀入主後），公司資產升咗3倍。留意，銀行係highly regulated 嘅生意，你冇足夠嘅資本（equit/capital），就不能畀你擴張，所以生意唔係任做，會有壓力的

10. 咁公司就話，1111呢隻嘢，根本唔會點在市場上集得到資呀（今日先知？）。如果供股呢？又會攤薄權益拖低股價喎（咁你之前又供兩次？）。既然係咁，不如私有化算啦—但留意返，私有化咗嘅銀行，當然一樣受同樣嘅條例影響，所以係咪冇分別？又唔係，因為私人公司，就可以唔使理嗰啲麻煩嘅「關聯交易」之類。BTW，供股not necessarily 會拖低股價的。

11. 講到尾，好簡單，股價夠平，咪做咯，9蚊買10蚊嘢。另外，你可以參考下工行（1398）當年私有化工銀亞洲（349）咁。頭先講過，私有化咗你一樣要守金管局嘅條例，但有一個好大分別：私家雞嘅，老母可以增資落去子公司，咁資本大咗咪做多啲生意。咁點解上市公司唔可以老母增資？因為要有75%公共持股嘛，渣到爆咪冇得再增。我私有化咗佢，咪唔使守75%嘅條例

12. 而燈燈燈燈！越秀咪正係渣到75%咯！

13. 另外留意，實際上越秀要買嘅，只係啲獨立小股東。唔係25%，而係16%。中間嗰9%去咗邊？就係廣州地鐵同廣州汽車都渣住啲股權，而呢兩間都係越秀姐妹公司（廣州市政府嘛），所以係「一致行動人士」，如是我聞（＊＊）

14. 最後可能有人問，「我提咗私有化金融海嘯，可唔可以反口」。答案係…….yes and no．我都唔知。喱文會覺得「好似買樓咁殺訂」「但簽晒紙就冇得反口」，或者講咩「合約精神」（＊＊＊＊）。實務上？「好難講」。我好奇怪，點解啲友就咁望下個新聞頭條，就可以決定埋「邊有得反口」「一日未畀錢一日都可以改變主意」。即係，你覺得律師收咁貴係做乜的？即使律師根本都答唔到你啦。早排都有單，Victoria Secret賣盤，傾完就肺炎，有人想彈弓手。真係打到法庭先知點先計　Material adverse change　點先叫Force majeure

（＊）Goodwill是也，每次我都鬧「商譽」呢個中文名不知所謂，亦差不多每次都有人出嚟講「官方係咁譯喎」，as if 我唔知咁。屌你，我咪就係屌個「官方」譯名不知所謂咯，當年啲師爺水平低，就唔鬧得？你幾撚多人真係以為「商譽」係brand value。Goodwill，就只係「溢價買嘢突咗舊嘢在Balance Sheet平唔到唯有搵舊嘢攝住個位遲下慢慢磨走佢」。學校冇教你呢？

（＊＊）當然我都好奇怪，「點解建行拆幾百億幾千億interbank就唔係關連交易呢？」「明明都係中央匯金」。又或者，「點解聯通 中電信 中移動啲高層可以打麻雀咁執位？明明都係工信部國資委，拎咗white wash冇？」（＊＊＊）

（＊＊＊）不過真係尋根究底嘅，「主權政府」一般係不受呢啲條款限制的，亦唔止係中國政府。

（＊＊＊＊）再講一次，呢個名詞夠晒混帳，唔知邊個發明出嚟的。你見鬼佬邊有呢個字？合約唔係匠人精神，你唔使尊重的，上法庭咯。

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Jenna Cody :

Is Taiwan a real China?
No, and with the exception of a few intervening decades - here’s the part that’ll surprise you - it never has been.

This’ll blow your mind too: that it never has been doesn’t matter.

So let’s start with what doesn’t actually matter.

Until the 1600s, Taiwan was indigenous. Indigenous Taiwanese are not Chinese, they’re Austronesian. Then it was a Dutch colony (note: I do not say “it was Dutch”, I say it was a Dutch colony). Then it was taken over by Ming loyalists at the end of the Ming dynasty (the Ming loyalists were breakaways, not a part of the new Qing court. Any overlap in Ming rule and Ming loyalist conquest of Taiwan was so brief as to be inconsequential).

Only then, in the late 1600s, was it taken over by the Chinese (Qing). But here’s the thing, it was more like a colony of the Qing, treated as - to use Emma Teng’s wording in Taiwan’s Imagined Geography - a barrier or barricade keeping the ‘real’ Qing China safe. In fact, the Qing didn’t even want Taiwan at first, the emperor called it “a ball of mud beyond the pale of civilization”. Prior to that, and to a great extent at that time, there was no concept on the part of China that Taiwan was Chinese, even though Chinese immigrants began moving to Taiwan under Dutch colonial rule (mostly encouraged by the Dutch, to work as laborers). When the Spanish landed in the north of Taiwan, it was the Dutch, not the Chinese, who kicked them out.

Under Qing colonial rule - and yes, I am choosing my words carefully - China only controlled the Western half of Taiwan. They didn’t even have maps for the eastern half. That’s how uninterested in it they were. I can’t say that the Qing controlled “Taiwan”, they only had power over part of it.

Note that the Qing were Manchu, which at the time of their conquest had not been a part of China: China itself essentially became a Manchu imperial holding, and Taiwan did as well, once they were convinced it was not a “ball of mud” but actually worth taking. Taiwan was not treated the same way as the rest of “Qing China”, and was not administered as a province until (I believe) 1887. So that’s around 200 years of Taiwan being a colony of the Qing.

What happened in the late 19th century to change China’s mind? Japan. A Japanese ship was shipwrecked in eastern Taiwan in the 1870s, and the crew was killed by hostile indigenous people in what is known as the Mudan Incident. A Japanese emissary mission went to China to inquire about what could be done, only to be told that China had no control there and if they went to eastern Taiwan, they did so at their own peril. China had not intended to imply that Taiwan wasn’t theirs, but they did. Japan - and other foreign powers, as France also attempted an invasion - were showing an interest in Taiwan, so China decided to cement its claim, started mapping the entire island, and made it a province.

So, I suppose for a decade or so Taiwan was a part of China. A China that no longer exists.

It remained a province until 1895, when it was ceded to Japan after the (first) Sino-Japanese War. Before that could happen, Taiwan declared itself a Republic, although it was essentially a Qing puppet state (though the history here is interesting - correspondence at the time indicates that the leaders of this ‘Republic of Taiwan’ considered themselves Chinese, and the tiger flag hints at this as well. However, the constitution was a very republican document, not something you’d expect to see in Qing-era China.) That lasted for less than a year, when the Japanese took it by force.

This is important for two reasons - the first is that some interpretations of IR theory state that when a colonial holding is released, it should revert to the state it was in before it was taken as a colony. In this case, that would actually be The Republic of Taiwan, not Qing-era China. Secondly, it puts to rest all notions that there was no Taiwan autonomy movement prior to 1947.

In any case, it would be impossible to revert to its previous state, as the government that controlled it - the Qing empire - no longer exists. The current government of China - the PRC - has never controlled it.

After the Japanese colonial era, there is a whole web of treaties and agreements that do not satisfactorily settle the status of Taiwan. None of them actually do so - those which explicitly state that Taiwan is to be given to the Republic of China (such as the Cairo declaration) are non-binding. Those that are binding do not settle the status of Taiwan (neither the treaty of San Francisco nor the Treaty of Taipei definitively say that Taiwan is a part of China, or even which China it is - the Treaty of Taipei sets out what nationality the Taiwanese are to be considered, but that doesn’t determine territorial claims). Treaty-wise, the status of Taiwan is “undetermined”.

Under more modern interpretations, what a state needs to be a state is…lessee…a contiguous territory, a government, a military, a currency…maybe I’m forgetting something, but Taiwan has all of it. For all intents and purposes it is independent already.

In fact, in the time when all of these agreements were made, the Allied powers weren’t as sure as you might have learned about what to do with Taiwan. They weren’t a big fan of Chiang Kai-shek, didn’t want it to go Communist, and discussed an Allied trusteeship (which would have led to independence) or backing local autonomy movements (which did exist). That it became what it did - “the ROC” but not China - was an accident (as Hsiao-ting Lin lays out in Accidental State).

In fact, the KMT knew this, and at the time the foreign minister (George Yeh) stated something to the effect that they were aware they were ‘squatters’ in Taiwan.

Since then, it’s true that the ROC claims to be the rightful government of Taiwan, however, that hardly matters when considering the future of Taiwan simply because they have no choice. To divest themselves of all such claims (and, presumably, change their name) would be considered by the PRC to be a declaration of formal independence. So that they have not done so is not a sign that they wish to retain the claim, merely that they wish to avoid a war.

It’s also true that most Taiwanese are ethnically “Han” (alongside indigenous and Hakka, although Hakka are, according to many, technically Han…but I don’t think that’s relevant here). But biology is not destiny: what ethnicity someone is shouldn’t determine what government they must be ruled by.

Through all of this, the Taiwanese have evolved their own culture, identity and sense of history. They are diverse in a way unique to Taiwan, having been a part of Austronesian and later Hoklo trade routes through Southeast Asia for millenia. Now, one in five (I’ve heard one in four, actually) Taiwanese children has a foreign parent. The Taiwanese language (which is not Mandarin - that’s a KMT transplant language forced on Taiwanese) is gaining popularity as people discover their history. Visiting Taiwan and China, it is clear where the cultural differences are, not least in terms of civic engagement. This morning, a group of legislators were removed after a weekend-long pro-labor hunger strike in front of the presidential palace. They were not arrested and will not be. Right now, a group of pro-labor protesters is lying down on the tracks at Taipei Main Station to protest the new labor law amendments.

This would never be allowed in China, but Taiwanese take it as a fiercely-guarded basic right.

*

Now, as I said, none of this matters.

What matters is self-determination. If you believe in democracy, you believe that every state (and Taiwan does fit the definition of a state) that wants to be democratic - that already is democratic and wishes to remain that way - has the right to self-determination. In fact, every nation does. You cannot be pro-democracy and also believe that it is acceptable to deprive people of this right, especially if they already have it.

Taiwan is already a democracy. That means it has the right to determine its own future. Period.

Even under the ROC, Taiwan was not allowed to determine its future. The KMT just arrived from China and claimed it. The Taiwanese were never asked if they consented. What do we call it when a foreign government arrives in land they had not previously governed and declares itself the legitimate governing power of that land without the consent of the local people? We call that colonialism.

Under this definition, the ROC can also be said to be a colonial power in Taiwan. They forced Mandarin - previously not a language native to Taiwan - onto the people, taught Chinese history, geography and culture, and insisted that the Taiwanese learn they were Chinese - not Taiwanese (and certainly not Japanese). This was forced on them. It was not chosen. Some, for awhile, swallowed it. Many didn’t. The independence movement only grew, and truly blossomed after democratization - something the Taiwanese fought for and won, not something handed to them by the KMT.

So what matters is what the Taiwanese want, not what the ROC is forced to claim. I cannot stress this enough - if you do not believe Taiwan has the right to this, you do not believe in democracy.

And poll after poll shows it: Taiwanese identify more as Taiwanese than Chinese (those who identify as both primarily identify as Taiwanese, just as I identify as American and Armenian, but primarily as American. Armenian is merely my ethnicity). They overwhelmingly support not unifying with China. The vast majority who support the status quo support one that leads to eventual de jure independence, not unification. The status quo is not - and cannot be - an endgame (if only because China has declared so, but also because it is untenable). Less than 10% want unification. Only a small number (a very small minority) would countenance unification in the future…even if China were to democratize.

The issue isn’t the incompatibility of the systems - it’s that the Taiwanese fundamentally do not see themselves as Chinese.

A change in China’s system won’t change that. It’s not an ethnic nationalism - there is no ethnic argument for Taiwan (or any nation - didn’t we learn in the 20th century what ethnicity-based nation-building leads to? Nothing good). It’s not a jingoistic or xenophobic nationalism - Taiwanese know that to be dangerous. It’s a nationalism based on shared identity, culture, history and civics. The healthiest kind of nationalism there is. Taiwan exists because the Taiwanese identify with it. Period.

There are debates about how long the status quo should go on, and what we should risk to insist on formal recognition. However, the question of whether or not to be Taiwan, not China…

…well, that’s already settled.

The Taiwanese have spoken and they are not Chinese.

Whatever y’all think about that doesn’t matter. That’s what they want, and if you believe in self-determination you will respect it.

If you don’t, good luck with your authoritarian nonsense, but Taiwan wants nothing to do with it.

聯合國人權會議主席、英國、德國歐盟同加拿大聯手
「無國家可以凌駕法律之上，係時候要還喇。」

今日（9月25號）聯合國75周年人權會議上面，英國、德國聯同加拿大要求主席關於香港同新疆嘅問題上向中國施壓，點知主席加多一腳。

英國外交部聯合國代表，同時亦係首相人權問題特別參贊Lord Ahmad响會議中講到明目標只有一個，就係中國嘅人權情況。香港國安法係嚴重違反聯合聲明，破壞香港嘅自治，直接侵犯人權同自由，而執行國安法嘅目的好肯定係想消滅反對聲音。

"In Hong Kong, Beijing's imposition of the National Security Law is serious breach of legally binding Sino-British Joint Declaration. It violates Hong Kong's high degree of autonomy and directly threatens rights and freedoms. The National Security Law is being implemented with the apparent intention to eliminate dissent."

然後就係新疆「再教育營」、強制絕育同虐待嘅事件，要求中國接受聯合國派人進入新疆調查。就新疆嘅情況，德國代表歐盟同加拿大代表亦同時加入戰場聯手發聲。

聯合國人權委員會主席Michelle Bachelet就話已經聯絡中方要求去新疆，而前主席Zeid Ra’ad al-Hussein早兩日响英國主持嘅會議上面特別提到香港人，話對香港示威者用嘅過份暴力（ “excessive use of force”）同新疆維吾爾族人甚至西藏人所面對嘅情況係密不可分（"cannot be divorced"）。

“This only underscores why the people of Hong Kong ought to be worried.”
（所以擔心香港人嘅情況同樣重要。）

有份出席呢個會議嘅人權監察（Human Rights Watch）代表John Fisher就有咁嘅結論。

“No state should be above the law, China’s turn has come.”

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Video Source：UK Government/Lord Ahmad of Wimbledon

伸延報導：
《Reuters》
China rebuked by West at U.N. rights forum on Hong Kong, Xinjiang
https://uk.reuters.com/article/uk-britain-china-rights/china-rebuked-by-west-at-u-n-rights-forum-on-hong-kong-xinjiang-idUKKCN26G1JB

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Deck
4 Clifftop Retreat (DAR) 239
4 Haphazard Bombardment (DAR) 131
4 Memorial to War (DAR) 246
3 Seal Away (DAR) 31
2 Arch of Orazca (RIX) 185
2 Fabled Passage (ELD) 244
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4 Treasure Map (XLN) 250
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2 Shatter the Sky (THB) 37
1 Crucible of Worlds (M19) 229
4 Deafening Clarion (GRN) 165
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2 Dawn of Hope (GRN) 8
2 Karn, Scion of Urza (DAR) 1
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2 Banefire (M19) 130
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Alan Walker - Force: https://www.youtube.com/watch?v=lqYQXIt4SpA
Alan Walker - Faded:https://www.youtube.com/watch?v=60ItHLz5WEA
[Alan Walker]: https://www.youtube.com/channel/UCJrOtniJ0-NWz37R30urifQ

字幕協助: http://www.youtube.com/timedtext_cs_panel?tab=2&c=UC7iIGOn477JNYG7WcNDmStw

その昔地球に刺さった男↓
https://youtu.be/eYULm4aihrg?t=198
がさらにパワーアップして地球に刺さる！

2018シーズンのFULL PART動画です！
北海道、東北、信越エリアをメインにパウダーや地形を求めて撮影してきました！
ぜひ見てください！

プロスノーボーダー赤川隼多の1年総まとめ動画

プロフィール
Name 赤川隼多 Akagawa Shunta
Birth 1989/1/24
From 秋田県
Style JUMP
Sponsor head snowboards/billabong/vonzipper/galliumwax/skid/ムラサキスポーツ秋田

Model
board/Force i.KERS 153（head snowboards）
binding/NX FIVE DF （head snowboards）
boots/SEVEN BOA　（head snowboards）

result
09-10 JSBA公認ポイントランキング ハーフパイプ種目　1位 JSBAプロ資格取得

movie
スノーボードDVD firstchildren『ALLAROUND』出演 (14-15）

about
ハーフパイプで養った空中感覚を活かし、ダブルコークやフリップ系トリックが得意とする。
全てのカテゴリーでライダーとしてのスキルが高い。
ファーストチルドレンクルーとして活動し、撮影をこなしながら
国内のビッグコンペティションに積極的に転戦している。

message
スノーボードのうまくなるコツはなんでも挑戦することだと思います。
苦手分野も少しでもトライすればきっとうまくなります。


ピーカンファクトリー大人気動画
これからグラトリやキッカー等に挑戦する人にオススメの動画↓
https://www.youtube.com/watch?v=iRBzUxO0WDs
初心者憧れの技1回転360のやり方を詳しく説明した動画↓
https://www.youtube.com/watch?v=g21FNWgTjcM
怪我しにくい回転ジャンプ練習方↓
https://www.youtube.com/watch?v=Y5QRDoovUMY
スノーボードハウツー系動画プレイリスト↓
https://www.youtube.com/playlist?list=PLUKhDYzJtd73ABl8oGV3nN7-QLGQSOQex
全動画のプレイリストはこちら↓
https://www.youtube.com/playlist?list=PLUKhDYzJtd72oN_uX2TeErCZys4SnnTdC


FOR SNOWBOARD↓
http://forsnowboard.com/

撮影機材
Insta360 ONE X
https://bit.ly/2GycAoy

Gopro7
https://amzn.to/2C93zyO

Goproカルマグリップ
https://amzn.to/2BZ8zWe

オススメの自撮り棒SPガジェット
https://amzn.to/2zNKL69

SPガジェッツのアルミバー
https://amzn.to/2REsj6B

※高評価、共有、コメント、おじいちゃんおばあちゃんに教えたり
リツイートなどして頂けると谷口さん大喜びします！
—————————————
遊びが大好きなピーカンファクトリー

スノーボードがメインですが夏はスケボー
くだらない事にもチャンレンジして行きまーす

【ピーカンファクトリーチャンネル】↓
http://www.youtube.com/channel/R21FILM?sub_confirmation=1

【谷口さん個人の見る価値なしチャンネル】↓
http://www.youtube.com/channel/UCm7eaxNoUx3z92vxLAHwhMQ?sub_confirmation=1

【ピーカングッズページ】
http://voice-of.jp

【谷口さんのお店　SLIDLEINE】
http://slideline.net

よく出てくる人のインスタ、ツイッターアカウントはこちら↓
【谷口さんツイッター】https://twitter.com/takatotaniguchi
【谷口さんインスタ】https://www.instagram.com/takatotaniguchi/
【キャシーさんインスタ】https://www.instagram.com/castagrampcan/
【中村 明日香】https://www.instagram.com/asu_cham/
【馬淵 学】https://www.instagram.com/_ga_ku_/
【星野 文香】https://www.instagram.com/fumika_hoshino/

#スノーボード
#snowboard
#pcan
#ピーカンファクトリー