" Overall listing" is helpful for industries' integration and will eliminate connected transaction and controlling company's defalcation. “整体上市”具有产业整合功能,有利于消除关联交易,控股股东挪用上市公司资金等市场痼疾,有利于为金融创新拓展空间。
defalcation
[ noun ]
the sum of money that is misappropriated
<noun.possession>
the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else
<noun.act>
Defalcation \De`fal*ca"tion\, n. [LL. defalcatio: cf. F. d['e]falcation.] 1. A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off. --Abbott.
2. That which is lopped off, diminished, or abated.
3. An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.