Major shareholders under the new rules of refinancing, institutions will greatly increase subscriptions for listed companies
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“Under the new rules on refinancing, major shareholders and institutions will subscribe for listed companies to increase. This is the most popular in the GEM industry!
Source: Witness to listen to the original Xiaomei sauce / Wen Some people “private” to watch movies, some people “private” restaurants to eat, but the recent “private” you may not have noticed!
With the implementation of new refinancing regulations, the Dingzheng market has become active.
Recently, nearly a hundred companies in the A-share market have revised their original fixed-income plans or disclosed new fixed-income plans. Among them, the combined company has been “chartered” by major shareholders or a single institution.
Witness Jun noticed that since the new regulations on refinancing were newly issued, a series of companies such as Kailaiying, Guyue Longshan, Zhonghe Titanium Dioxide, etc. have been granted “subscription” by major shareholders.
On February 16, Gloria announced that the company plans to issue a non-public offering of no more than 18.7 million shares at an issue price of 123.
56 yuan / share.
Gaofeng Capital will not exceed RMB23.
1.1 billion cash subscription.
On February 24th, China Nuclear Titanium announced a non-public offering of A shares stock plan, the issue object is the company’s controlling shareholder and actual controller Wang Zelong a total of one specific object, the company’s shares in cash subscription; the issue price is 3.
47 yuan / share; the shares subscribed for this time shall not be transferred for 36 months from the date of end of issuance.
The raised funds budget is no more than 1.6 billion U.S. dollars, and it is planned to be used in the 20 / year titanium dioxide reprocessing project 南京夜生活网 and supplementary working capital.
On the same day, Gu Yue Longshan issued a non-public offering of stock plans, and the proposed fundraising does not exceed 11.
US $ 4.2 billion for the construction of the Yellow Wine Industry Park Project (Phase I) of Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd.
The issue price is 7.
06 yuan / share, the issue object is Shenzhen Qianhai Furong Asset Management Co., Ltd. and Zhejiang Yingjia Technology Co., Ltd. Qianhai Furong intends to subscribe.
9.1 billion yuan, Yingjia Technology plans to subscribe for 3.
5.1 billion yuan.
Qianhai Furong and Yingjia Technology’s actual controller replaced Guo Jingwen, forming a concerted action relationship.
In addition to subscribing to a private equity subscription by their family 淡水桑拿网 members, various institutions have also entered.
For example: On February 24, Medicine Stone Technology issued a non-public offering of stock plan, the issue object is Xingquan Fund Management Co., Ltd., the issue price is 61.
04 yuan / share, the total amount of funds raised in this non-public offering of shares does not exceed 6.
500 million US dollars will be used to supplement the company’s working capital and repay bank loans.
Experts say that it is a good thing that Yong Yongzu, deputy director of the Industrial Department of the Chongyang Institute of Finance of Renmin University of China, has been “reserved” by major shareholders or institutions, which indicates that investors are optimistic about the increase in stocks and the future risk burden.
At the same time, it also shows that there is ample liquidity and more funds have begun to flow into the stock market.
The recent increase in the market is active. This benefited from the new refinancing rules issued by the Securities Regulatory Commission and the optimization of refinancing door information. It also allowed more investors, especially private equity institutions, to participate. The difficulty and cost of corporate financing will be reduced.It has also supported the development of the real economy.
The large-scale fixed increase of A shares will have a positive impact on the market. First, the entry of more funds will inevitably make the entire stock market more active and stimulate investor optimism.
At the same time, the increase is mainly targeted at institutional investors, which will improve the investor structure of the existing A-share market and is conducive to the steady development of the stock market.
In addition, listed companies receive more direct financing, while improving the expected financing structure, promoting the development of the real economy, and then forming a positive stimulus to the stock market.
For example, Song Yong, a senior official of the Institute of Financial Research, has decided to increase the number of “books” for two reasons: First, according to the degree of risk appetite in the equity market, listed companies have significantly higher qualifications than non-public companies, which is naturally a good choice.Secondly, the new refinancing rules provide a thick safety mat for fixed-income participants, lower the fixed price of the fixed-income issue (10% discount to 20% discount), and changed the lock-up period.
With the implementation of the new refinancing regulations, the fixed-income market will enter a high discount, short lock-up period, and a few window periods for reducing holdings. The fixed-income market will pick up in 2020.
Computers, media, electronics, communications, medicine and biology, machinery and equipment, electrical equipment, and chemicals are not only the industries with the most new qualifications for GEM companies, but also the last two peak periods of 2014 to 2016 (Jin Qilin analyst).The industries with the most reductions in refinancing incidents are directly beneficial to these industries.