A transfer of parent company assets to a business unit in return for a distribution to the stockholders of the parent company of all of the stock or controlling stock of the business unit without surrender of any stock by the stockholders of the parent company.

【经】资产分派；资产分割。

The new company created by such a distribution.

资产分割后所成立的公司。

A collateral or derived product or effect; by-product.

副产品；副作用。