别墅改建在现实的规划审批中面临困境，其根源是再开发控制细则和利益调控机制的缺失。

However, it is hard to get the government approval for villa reconstruction. The reason is the absence of redevelopment regulation guideline and interests regulation mechanism.

youdao

但这确实使得投资者获得了控制权，因此重要的估值数字，其重要性远低于一些条款细则，特别是清算优先权。

But this does put investors in control. The headline valuation number matters much less than some of the term's details, specifically the liquidation preference.

youdao

但这确实使得投资者获得了控制权，因此重要的估值数字，其重要性远低于一些条款细则，特别是清算优先权。

But this does put investors in control.The headline valuation number matters much less than some of the term's details, specifically the liquidation preference.

youdao