The investor has accumulated a total of 5,000 China Life shares from the beginning to the Knock-out Date at a Purchase Price of HKD31.218 per China Life share.

投资者自开始至取消日期，已累积合共5,000股中国人寿股份，每股中国人寿股份的购买价为31.218港元。

youdao

This has the effect of lowering the median bidding price, sometimes below cost, which can knock out legitimate competitors.

FORBES: Washington Is Tightening Its Grip On Medical Decision-making

Boris Berezovsky claimed he held a sizeable stake in the younger oligarch's oil and aluminium companies, and was bullied into selling those shares at a knock-down price after Roman Abramovich threatened that the Kremlin - with which Mr Berezovsky had fallen out - would seize them.

BBC: Uncovered: Trial of the oligarchs