Welles Ltd wants to sell preference shares at $7 per share.

威尔斯有限公司希望出售优先股每股7美元。

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A preference share that can be converted into common shares at a fixed conversion price.

指可按约定换股价转换成普通股的优先股。

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A share discount to par value can be significant for preference shares, which pay fixed dividends based on par value.

股票贴水对优先股很重要，因为优先股是根据面值来支付固定股息的。

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On Wednesday, Apple withdrew the proposals for a shareholder vote on the preference share matter, making the legal battle unnecessary.

BBC: Apple legal challenge dropped by Einhorn

At first glance, the big box seems to be holding its own, having climbed in customer preference share over the past few years, as Home Depot has remained relatively stagnant.

FORBES: Connect

The company must prove that it now has a preference for profits over market share.

ECONOMIST: Chinese shipping