As a strategic decision, the equity carve-out contains compound real options, which enhances the value of itself.

分拆上市作为企业的战略决策，包含了实物复合期权，因此使得分拆本身更具价值。

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The methods of corporation contraction include divestiture, spin-off, equity carve-out, stock repurchase, targeted stock, voluntary liquidations etc.

公司紧缩技术包括资产剥离、公司分立、分拆上市、股份回购、定向股和自愿清算等。

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Finally, it concluded 1) in our country, there are existing just sell-offs and equity carve-out, and it is difficult to spilt-offs totally;

最后，针对上述分析，对我国上市公司的分拆行为引发了（1）我国上市公司分拆行为主要指资产剥离和股权切离，完全分立还存在现实困难；

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If Hon Hai decides to do so, it will very likely carve out a substantially larger Sharp equity share, and demand a much greater say in Sharp parent operations and strategy.

FORBES: Hon Hai May Be Walking Away From, and Dooming, Sharp