|Code||Abbreviation||Related Links||Distribution method||Issue number (shares)||Issue price||Latest price||Release date|
|300363||Boten shares||detailed Share it||Directional hair extension||120 million||12.39||9.47||2018-06-25|
|002757||Nanxing Equipment||detailed Share it||Directional hair extension||2019.010 thousand||31.57||29.92||2018-06-22|
|300270||Zhongwei Electronics||detailed Share it||Directional hair extension||30.30 million||13.20||8.79||2018-06-21|
|300510||Gold Crown Electric||detailed Share it||Directional hair extension||29.999 million||24.33||24.48||2018-06-20|
|002172||Australian Ocean Technology||detailed Share it||Directional hair extension||7007.29 million||5.48||4.66||2018-06-15|
|002045||Guoguang Electric||detailed Share it||Directional hair extension||51.49 million||9.46||7.12||2018-06-13|
|600875||Dongfang Electric||detailed Share it||Directional hair extension||745 million||9.01||7.24||2018-06-12|
|600490||Pengxin resources||detailed Share it||Directional hair extension||2,000 million||6.85||8.67||2018-06-11|
|Code||name||Related Links||Number of shares allocated (shares)||Distribution ratio||Distribution price||Latest price||Equity registration day|
|300387||Fubon shares||detailed Share it||67,461,000||10 with 3||4.43||7.33||2018-06-20|
|002350||Beijing Career||detailed Share it||111 million||10 with 3||4.31||6.11||2018-05-17|
|002775||Liberal Arts Garden||detailed Share it||70.79 million||10 with 3||11.50||12.69||2018-03-23|
|600256||Guanghui Energy||detailed Share it||15.16 billion||10 with 3||2.55||3.86||2018-03-19|
|603636||Nanwei Software||detailed Share it||120 million||10 with 3||5.50||10.00||2018-03-12|
|300231||Yinxin Technology||detailed Share it||9959.07 million||10 with 3||5.90||7.20||2018-03-05|
|300121||Yanggu Huatai||detailed Share it||85.11 million||10 with 3||6.96||13.19||2018-02-01|
|600803||Xinao shares||detailed Share it||244 million||10 with 2.5||9.33||10.70||2018-02-01|
|Code||Abbreviation||Related Links||Issue number (shares)||Issue price||Latest price||Winning rate||Release date|
|600230||Cangzhou Dahua||detailed Share it||34.856 million||10.46||23.27||-||2014-05-06|
|000778||Emerging cast pipe||detailed Share it||512 million||6.25||4.30||-||2013-11-21|
|002628||Chengdu Luqiao||detailed Share it||7567.57 million||9.25||4.28||-||2013-07-26|
|600422||Kunming Pharmaceutical Group||detailed Share it||2695.42 million||25.97||7.60||1.50%||2013-07-05|
|000729||Yanjing Beer||detailed Share it||285 million||5.76||7.00||-||2013-05-24|
|600521||Huahai Pharmaceutical||detailed Share it||63,300,000||12.25||27.57||0.58%||2013-05-06|
|600815||Xiamen Engineering Shares||detailed Share it||160 million||6.42||4.66||21.37%||2012-12-21|
|002154||Good News||detailed Share it||500 million||9.26||3.21||-||2012-11-22|
|Fund code||Fund name||Fund type||net worth||Daily growth rate||Nearly March||Nearly a year||Data date|
A private placement refers to a non-public issuance of shares by a listed company to a limited number of eligible investors. It requires that the number of objects to be issued must not exceed 10, and the issue price must not be less than 90% of the average price of the market for the 20 trading days before the announcement. Within 12 months (within 36 months after becoming a controlling shareholder or having actual control), the transfer is not permitted.
In 2002, the China Securities Regulatory Commission issued a notice regarding the relevant conditions for the issuance of new shares by listed companies, which notified the restrictions on the conditions for additional issuance. In 2006, the China Securities Regulatory Commission issued the “Measures for the Management of Issuance of Securities by Listed Companies”, and at the same time abolished the “Notice on the Relevant Conditions for the Issuance of New Shares by Listed Companies” and other documents, mainly making new regulations for non-public offerings.
Public issuance of additional shares is a way for listed companies to issue additional shares. The public issuance of new shares is the issue of new shares in the face of the general public. Corresponding to this is private placement. Directed issuance refers to the issuance of new shares only to specific targets and public issuances. Private placements and public issuances are incremental issuances of new shares, which have a dilutive effect on the interests of other shareholders.
1. The company plans a preliminary plan, communicates with the China Securities Regulatory Commission, and obtains consent;
2. The company convened a board of directors to announce a plan for private placement and proposed to convene a general meeting of shareholders;
3. The company held a general meeting of shareholders to announce the directional issuance program; the formal application materials will be reported to the China Securities Regulatory Commission;
4. The application has been approved by the China Securities Regulatory Commission for review and approval, and the company has announced the approval of the document;
5. The company convenes a board of directors to review and approve the specific contents of the private placement and announce it;
Sixth, implementation of targeted additional issuance program;
7. Announcement of the company's announcement of issuance and changes in shares.
Statistics show that, from 2008 to 2015, the average annual returns of stocks that are issued privately are positive, and what is even more amazing is that the average annual return is as high as 50%, and the high yield rate is amazing.
If you divide a fixed income source, it can be roughly divided into two parts: the discount income and the secondary market gains during the lock-up period. If the latter is split into two according to the systemic returns and the excess returns, a three-segment return is obtained: Earnings = discount + Beta + Alpha. In theory, the discount is a compensation for the loss of investor liquidity, system revenue depends on the overall performance of the market, while Alpha is derived from the exogenous growth of the company's performance under the support of raised funds.
Allotment is the behavior of listed companies to issue new shares and raise funds to the original shareholders in accordance with the requirements of the company's development and in accordance with relevant laws and regulations and corresponding procedures. Investors must clearly understand the rights issue statement issued by the listed company before executing the share placement payment.
If the investor still holds the stock after the stock is liquidated on the day of stock registration of the allotment, he will automatically enjoy the rights of allotment, and no registration formalities are required. Zhongdeng Company (China National Registration and Clearing Corporation) will automatically register all the rights of all shareholders who are registered in the book.
The original shareholders of a listed company are entitled to allotment rights and are free to choose whether to participate in the allotment.
Can a rights issue make up the payment?
No. According to the relevant provisions of the Exchange, the allotment implementation process begins on the T-2 day and is generally about 10 working days. The start and end date of the share allotment for which shareholders can operate the allotment is 5 to 5 on the T+1 to T+5 date announced by the listed company. Around the trading day, if overdue and unpaid funds are automatically disposed of as a result of the rights issue, no further payment can be made.
Therefore, investors intending to allot shares should pay attention to the information bulletin in the newspapers, including the timing of the payment of the allotment, and timely payment. In order to avoid unnecessary trouble or to avoid unnecessary losses.
According to the relevant provisions of the company law, when a listed company is to place new shares, it should first be conducted among the old shareholders to ensure that the old shareholders hold the same proportion of the company. When the old shareholders are unwilling to participate in the company’s share allotment, it can Transferring the share options to others. For old shareholders, the allotment of listed companies actually provides an opportunity for additional investment.
Whether an old shareholder chooses to allocate shares to increase investment in listed companies can be judged based on the operating performance of listed companies, the direction of the share placement funds and the level of benefit. However, in real economic life, in addition to allotment, shareholders can also realize additional investment by purchasing shares of other companies, investing in creditor’s rights, and residents’ savings. The key is determined by the investment income.
The method of placing shares in Shenzhen Stock Market is the same as the method of commissioning buying stocks, and its buying and selling direction in the program setting of the Exchange Computer System is a “buy” commission.
Due to the restrictions imposed by the current stipulations on the SSE trading market, the restriction on the trading direction of the Shanghai stocks subscription method is defined as "sell", and the allotment is finally completed with the "sell" order. Therefore, allotment subscriptions can entrust zero shares.
When an investor confirms whether the subscribed share is traded, the commissioned subscription on the day of the Shenzhen Stock Allotment does not equal to the subscribed warrant. The transaction found by the investors through the phone and the keypad can only indicate whether the exchange received the subscription commission and the entrustment is valid. It is necessary to determine whether the funds and warrants can be deducted on the second day.
Convertible bonds are bonds that the holder can convert into a certain number of other securities at a certain proportion or price within a certain period of time.
Convertible bonds are short for convertible corporate bonds, also known as convertible bonds. They are special corporate bonds that can be converted into ordinary stocks at specific times and under certain conditions. Convertible bonds feature both claims and options.
Convertible bonds are characterized by double options. On the one hand, investors can choose whether or not to convert shares, and bear the cost of lower interest rates for convertible bonds; on the other hand, convertible bond issuers have the option of whether or not to implement the redemption terms, and to pay for this than to have no redemption. Back to the terms of the convertible bond higher interest rates.
Convertible bonds have several elements that basically determine the overall characteristics of convertible bonds such as conversion conditions, conversion prices, and market prices.
1. Validity period and conversion period.
2. Stock interest rate or dividend rate.
3. Conversion ratio or conversion price.
4. Redemption terms and return sale terms.
5. Convert pricing amendments.
Since the convertible bonds can be converted into stocks, it can make up for the low interest rate. If the market price of the stock exceeds its conversion price during the convertible period of the conversion, the holder of the bond can convert the bond into a stock and receive a larger return. The key to affecting the yield of convertible bonds, other than the interest rate of the convertible bonds, is the conversion condition of the convertible bonds, which is commonly known as the conversion price, that is, the face value of the convertible bonds required to be converted into one stock.
Because of its convertibility, when the price of the stock against which it is benchmarked rises, the bond price will also increase, and there will be no limit to the increase or decrease. In addition, there is still the possibility of arbitrage between bond prices and stock prices. So when the bull market rises, the yield of bonds will be more stable.
The convertible bond is a relatively complicated investment type. Investors should intervene after clarifying the operating mechanism, understanding the relevant terms, and familiarizing themselves with the trading rules.
The purchase of convertible bonds is relatively unfamiliar to most investors. Investors can directly or indirectly participate in convertible bond investments in several ways. First, you can directly purchase convertible bonds just as you purchase new shares. The issuance value of convertible bonds is 100 yuan, and the minimum unit for subscription is 1 lot of 1,000 yuan. Second, in addition to direct purchases, investors obtain preferential distribution rights by purchasing shares in advance. Third, in the secondary market, investors can buy and sell convertible bonds as long as they have a stock account. Specific operations are similar to buying and selling stocks.