Why is the issuance of additional shares by listed companies an act of circling money?

Issuing new shares means that listed companies find a reason to issue a certain number of new shares, which is what we call "circling money" of listed companies. Generally, the shareholders of a company give priority to 10 to 32, and the rest are sold online.

The stock price of issuing new shares is generally 90% of the arithmetic average of the 20 trading days before the suspension, and the issuance of new shares will definitely change the stock price.

Non-public offering refers to issuing to specific investors, also called private placement. Actually, it is a common overseas private placement, which has existed in China stock market for a long time.

For non-public offering, there are no other conditions except that the number of issuers does not exceed 65,438+00, the issue price is not lower than 90% of the market price, the issued shares cannot be transferred within 65,438+02 months (the major shareholder subscribes for 36 months), the use of raised funds conforms to the national industrial policy, and the listed company and its senior management personnel cannot violate the rules.

If we only look at the behavior of "capital increase", it is neutral and positive.

Tips:

1. The above information is for reference only, and no suggestions are made;

2. Investment is risky, so you need to be cautious when entering the market.

Reply time: 202 1-09-07. Please refer to the latest business changes announced by Ping An Bank in official website.

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