Involved placement of listed companies, many investors have become Ruihua investment, Types of participants so rich, reflecting investor recognition of the extent of this market.
the recent emergence of private placement market environment that many new features, many investors are also keen to subscribe to this with a reflection and change tactics. In addition, more types of subscribers continue to emerge.
Liu Yiqian shot more cautious
1 13, Liu Yiqian car care as the balance of its private placement subscribers, while coming out Hualian Guomai technology shares and the announcement. The company to 6.60 yuan / share subscription price of 5,100 million shares set by stock Hualian, but in the placement of technology in Guomai offer is too low due to missed.
since last December, the balance coming out frequent car care given by the stage, but compared to the earlier Liu Yiqian operation strategy, already had no small change. After the previous regulation of the real estate industry brought about by the real estate stocks after the bear market, Liu Yiqian's shot was more sensible caution. He changed the previous several hundred million pound multi-billion fund the same project of the subscription strategy, investment began to compress the amount of individual projects, opting instead for
13-day announcement shows that the balance car care placement of shares of the amount of Hualian 3.37 billion. This is the latest car care since the balance placed in a single project, a large amount. Compared to this, the balance car care to 30.11 yuan / share the subscription process 136.11 million shares of Shenzhen Hui (placing the amount of 40,982,700 yuan); to 14.60 yuan / share subscription record of 350 million yuan Technology (placing the amount of 51.1 million yuan); to 6.26 yuan / share subscription Zhuhai Fu 700 million (the amount of 49.7 million yuan placement) placement of the amount of such investments are less than 1 million.
frequent partner is the nature of business
nature of the business partners in the private placement market, began to appear frequently as important new subscribers.
three flowers round of private placement of shares, there is the nature of the two partner companies involved. Three flowers equity related announcements, Shanghai Jin Li, longer exchange equity investment partnership, and Zhejiang Zhejiang industrial investment fund partnerships were 30 yuan / share subscription price of 550 million and 500 million shares. Rich in Zhuhai in the private placement, also appeared in the nature of the two partner companies figure - Shanghai Chun Yang Shun Investment and Development Centre (limited partnership), the number of Bo Hong Jun (Tianjin) equity investment fund partnerships of all allocated 800 million and 700 million shares. In addition, placement of technology innovation yuan, Tianjin Kai Shi Yisheng partnership equity investment fund to be allocated 400 million shares.
some market participants that the popular nature of the business partners, many of them are corporate shareholders to avoid corporate cash in the capital market taxation issues faced by the second. Listed companies involved in the establishment of the legal person be increased, lifting the ban immediately after the expiration of the right to dissolve and to ensure a natural person, similar to the original intention for tax and other financial skills that are common to the market gradually.
said the market, so to manipulate existing precedent. Hang Railway has announced the country, the fifth-largest shareholder in the bamboo thousand shares held by the country soon as he was lifting the ban permanent would divest the railway clearing.
secondary market is expected to affect the filling
most of the participants in the private placement one of the issues to be carefully considered is the situation one year after the secondary market, which more or less on the current private placement market impact. Today, investors have doubts about the future embodied in the market.
2010 年 12 月底 determined by the situation disclosed in Zhuhai will be embarrassed in the situation of the rich. On the one hand, most agencies offer low, on the other hand, the rich do not want to Zhuhai in the fire sale of shares, and ultimately the company believes are reasonable prices for its self-set by 483 million fund-raising and fund-raising had expected maximum difference between the amount of 700 million yuan more than 200 million. Company had to issue 124 organizations and individuals invited to subscribe, but eventually only 22 institutions and individuals involved in the participation rate is less than 20%. This 22 institutions and individuals, the bid over the final subscription price of 7.10 yuan / share of only seven institutions and individuals, resulting in failure to achieve full and Zhuhai in the placement of the rich.
many companies are faced with such embarrassment. Source of electricity 76 Guizhou organizations and individuals to send invitations to subscribe for, and within the specified time and the sponsor company received only 8 were submitted to the inquiry objects effective subscription pricing. Similarly, 93 Meiling subscription of shares of foreign issued the invitation received only 8 valid offer.
course, there are some listed companies suffered looting of private placement. Chong Yuan Science and Technology round of private placement received a total of 33 valid subscription quotations. The final five for the company to choose the placement, the choice is evident. Company 14.6 finalized yuan / share issue price, compared to 8.11 yuan / share the additional reserve price has been 80.02% of the premium. Wei Mengjie
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