Introductory stocks are a basic common sense. In fact, share allocation is the act of a listed company in which a company aims to further issue new shares and raise funds to its original shareholders according to the needs of the company's development, in accordance with relevant regulations and corresponding procedures. One of the major features of
share allotment is that the price of new shares is determined according to the stock market price at the time of issuance announcement. The discounted price is to encourage shareholders to bid for subscription. When the market environment is unstable, it is very difficult to determine the share allocation price.
Under normal circumstances, the price of new shares issuance is 10% to 25% discounted at the stock market price at the time of the issuance of shares. Theoretically, the ex-rights price is the weighted average price of stocks and new shares before the announcement of the increase in stock issuance, and it should be the stock price after the new shares allotment.
share allotment is divided into two types: paid share allotment and free share allotment: one is paid share allotment and the other is free share allotment.
1. Paid share allocation : The company handles cash capital increase, and shareholders must use money to subscribe to the stock according to the shareholding ratio. This kind of share allotment is excluding the "new stock subscription right".
2. Free share allotment : The company made money by operating properly and distributed its surplus according to the resolution of the shareholders' meeting. There are two methods of surplus distribution: interest allocation and share allocation. Interest allocation means that shareholders receive cash free of charge based on the shareholding ratio, which is generally called ex-dividend. The share allotment means that shareholders receive stocks free of charge based on the shareholding ratio. Since it is said to be free of charge, shareholders do not need to use money to subscribe. This kind of share allotment is excluding the "surplus distribution right".
The following are some Q&A shares about share allotment.
01 Share allotment cannot be paid for
According to the relevant regulations of the exchange, the share allotment subscription starts on R+1, and the subscription period is generally 10 working days (can be adjusted). If the payment is not paid within the deadline, the share allotment rights will be automatically abandoned.
Therefore, investors who are interested in issuing shares should pay attention to the information announcements in the newspaper or the information announcements of the Tongjin Magic Cube Platform, including the payment time of the share issuing shares, and make payments in a timely manner to avoid unnecessary trouble or unnecessary losses.
share allocation payment can be withdrawn according to the regulations of the Shenzhen Stock Exchange, and withdrawal of orders is allowed on the day of subscription.
02 What are the handling fees for the share allotment payment?
Investors do not need any handling fees for the share allotment .
03 How to deal with the "fragrant shares" in the share allotment?
According to the regulations of the Shenzhen Stock Exchange, the fragmentary shares or fragmentary warrants generated by the share allotment are sorted by the quantity, and the small number is carried to the large number of shareholders to achieve the minimum accounting unit of 1 share.
04 How can we know whether the share allotment is valid?
Since the subscription issuance time is limited, there is no chance of making up for payment after the payment time, which brings losses to investors. Therefore, it is very important to whether the subscription is confirmed after the share allotment.
Shanghai Stock Exchange: The first trading day after the end of the issuance payment period will be transferred and deducted after the closing and liquidation of the first trading day after the closing and liquidation of the first trading day.
Shenzhen Stock Exchange: Once the share allotment is executed one day during the period, the share allotment funds frozen in the customer's fund account will be transferred and deducted after the closing and liquidation of the market that night.
05 What should I do if I enter the wrong number during the issuance?
When an investor subscribes the share issuance, if he finds that the order on the computer host of the client's exchange is incorrect, if the number of entrusted shares exceeds the subscription limit, he can withdraw the order and entrust again.
05 Can the share allotment be paid by securities companies?
Many securities companies provide such services. However, securities companies that start this business generally sign a "share-allocation agreement" with investors, or have services that remind them of allotment payments.
06 Is it "buy" or "sell" to subscribe to allotment?
In the system program settings of the exchange computer, its buying and selling direction is "buy" entrustment; the subscription of the Shanghai Stock Exchange's share issuance warrants are restricted to the bidding and selling direction of the exchange bidding and declaration of the buying and selling direction is completed by the "sell" instruction.
07 When will the allotted shares be listed
Investors often find that the allotted shares have not arrived after making the allotted shares, and are very anxious. In fact, the share allocation is not immediately available to .
The listing and trading date of the allotted shares of the social public shares will be displayed on the account after the end of the allotment payment, and the stock exchange will arrange it and announce it separately.
