(n)the right granting to shareholders the first opportunity to buy a new issue of stock; provides protection against dilution of the shareholder's ownership interest
The Collaborative International Dictionary of English (GCIDE) v.0.53Collaborative International Dictionary (GCIDE)
[优先承购权 / 優先承購權, yōu xiān chéng gòu quán, ㄧㄡ ㄒㄧㄢ ㄔㄥˊ ㄍㄡˋ ㄑㄩㄢˊ]prior purchase right; right of first refusal (ROFR); preemptive right to purchase[Add to Longdo]