Based on the "mini" increase in the market's deception, it does not even rule out the possibility of manipulating the market in the name of "overweight". Therefore, the "mini" increase can not be limited to inquiries and concerns, but also should strengthen the supervision of the "mini" increase, so that important shareholders of listed companies, including the actual controller, can not carry out "mini" increase, Do not dare to carry out "mini-type" increase, in order to further regulate the increase in the holdings of important shareholders of listed companies.
Recently,Huaming IntelligentwithStar source materialThe “mini” increase in the actual control of the two companies was concerned by the exchange’s inquiries. The “mini” increase of the actual control of the two companies is typical of the “mini” increase of the major shareholder of the listed company.
On February 1 this year, Zhang Ming, the manager of Huaming Intelligent Real Estate and Chairman of the Board of Directors, plans to increase the shareholding of 2% of the total share capital within 6 months. After the expiration of 6 months, on August 3, the company announced that the completion of the plan to increase the shareholding plan shows that Zhang Liang has increased its shareholding in the company by 20,000 shares, accounting for 0.01% of the total share capital. There is a big difference between Zhang Liang’s actual increase in holdings and the increase in holding plans.
The situation of the star source material is similar to this. On February 8 this year, Xingyuan Materials disclosed its shareholding plan. The controlling shareholder and actual controllers Chen Xiufeng and Chen Liang plan to increase their shareholdings within 6 months. The holding amount is not less than 37 million yuan and not higher than 57.6 million. Yuan, the cumulative shareholding ratio is not higher than 1% of the company's total share capital. However, the announcement disclosed by Star Source Materials on August 8 showed that as of August 7, Chen Xiufeng actually increased its holdings by 100,000 shares, accounting for 0.05% of the company's share capital; Chen Liang did not increase the company's shares, and actually increased the number of shares held. There are big differences in the shareholding plan.
Judging from the stock price trend after the announcement of the announcement of the two companies’ actual controllers, the “mini” increase in the actual control of the two companies clearly confuses the market. The actual controller's increase in the company's stock is usually regarded as the company's stock price underestimation, and the real controller is optimistic about the company's performance. Therefore, after the announcement of the increase in the holdings of the two companies’ actual controllers, the stock prices of the two companies have seen a sharp rise. For example, Huaming's smart stock price rose from the lowest price of 15.17 yuan on February 7 to the highest price of 33.72 yuan on April 19, a big increase of 120%. The stock price of Xingyuan material rose from the lowest price of 18.74 yuan on February 7 to the highest price of 43.10 yuan on July 23, an increase of 130%. Behind the sharp rise in the company's stock price, the real controllers of the two companies have played the role of “mini-type” increase, which is to put the market and investors.
For this reason, it is necessary for the Exchange to pay attention to the "mini" increase of the two companies' actual controllers. At least it is necessary to clarify the purpose of the actual controller's proposed increase in holdings at the time, and whether there is an increase in holdings. The suspicion of manipulating the stock price, including whether its final "mini" increase is contrary to the increase plan, whether it violates the principle of honesty and trustworthiness.
However, based on the “mini-type” increase in the market, the deception of the market does not even rule out the possibility of manipulating the market in the name of “overweight”. Therefore, the “mini-type” increase cannot be limited to inquiries and concerns, but should also be strengthened. The supervision of “mini-type” increase holdings makes it impossible for important shareholders of listed companies, including real controllers, to carry out “mini-type” increase, and not to carry out “mini-type” increase, so as to further regulate the importance of listed companies. Shareholders' shareholdings. To this end, it is necessary to adopt such three measures in the management of the problem of increasing the number of fans.
First of all, it is to regulate the information disclosure of major shareholders such as major shareholders. When a listed company issues an announcement of an important shareholder's shareholding increase, it must implement the relevant provisions of the exchange and the CSRC and disclose the lower limit of the shareholding of important shareholders. Announcement like Huaming Intelligent only disclosed the upper limit of the actual controller's increase of “no more than 2% of the total share capital”, but did not make specific provisions on the lower limit, which itself does not meet the requirements of the relevant regulations of the Shanghai and Shenzhen Stock Exchanges. Such an increase in holdings should not have been released. The announcement of such an increase in holdings has made the actual controller vulnerable to drilling. From the beginning, there is a problem at the starting point.
Secondly, the actual controller or other important shareholders of the company should submit the funds needed for the increase to the securities account in accordance with the commitment of the minimum increase plan, in accordance with the commitment of the minimum increase plan, to fulfill the actual controller or important shareholders. The ability to increase the holdings indicates the feasibility of its holdings. Otherwise, there is no financial strength as a guarantee, and the increase of the actual controller or important shareholder is an empty talk. This kind of increase plan is lack of good faith, and will eventually evolve into a “mini” increase, or even no increase at all. . As a listed company, only after verifying the funds of the real-control person's securities account can the official announcement of the actual controller or important shareholders be officially announced. Otherwise, the listed company cannot release the actual controller or important shareholders. announcement.
Third, if the actual controller or important shareholder fails to fulfill the shareholding commitment according to the increase plan, the announcement of the increase in shares issued by the listed company shall be treated as if the false information was issued, and the listed company and the actual controller or the important person shall be investigated accordingly. Shareholder responsibility. At the same time, it is announced that the actual controller or important shareholder is an untrustworthy person, and is not suitable for the relevant position of the listed company, and the market is prohibited from being processed. Let the "mini" increaseholders have no place in the A-share market.