Financial Network reported on August 10 that China Telecom disclosed the online winning results announcement. There are 5,363,444 winning numbers, and each winning number can only subscribe to 1,000 shares of China Telecom A shares.
end digits Winning numbers
end "3" digits 753,878,628,503,378,253,128,003,497
end "4" digits 6164,8164,4164,2164,0164
end "5" digits 00320,20320,40320,60320,80320,02811
end "6" digits 370293,870293
end "7" digits 7521217,8771217,6271217,502 1217, 3771217,
2521217, 1271217, 0021217, 9324811
end "8" digits 37821423, 87821423
end "9" digits 023300862, 314788332,
186742880, 218266999, 434486791
Investors can check whether they win the lottery in the "New Stock Winning Artifact". If they win, please ensure that there is enough payment funds in the account before 16:00 on August 11.
According to data, before the over-allotment option was exercised, the initial fundraising of China Telecom ranked 7th in the entire A-share market, ranking second in the past 10 years, second only to SMIC ; if the China Telecom is fully exercised this time, the total amount of funds raised is expected to reach 54.159 billion yuan. The company's funds raised this time will be invested in 5G industrial Internet construction projects, cloud network integration new information infrastructure projects, and technology innovation R&D projects. In addition, the funds raised in the initial public offering rank fifth in the entire A-share market. Judging from the historical data of A-share IPOs, Agricultural Bank of China raised the highest amount of funds, at 68.529 billion yuan, China Petroleum and China Shenhua raised 66.8 billion yuan and 66.582 billion yuan respectively, ranking second and third, and Construction Bank raised 58.05 billion yuan, ranking fourth.
This release has a highlight, that is, China Telecom will introduce the " green shoes " mechanism. Before this, a total of 8 companies in A-shares had exercised over-allotment rights.
What is " green shoe mechanism "
Announcement stated that the issuer granted the joint lead underwriter an over-allotment option (or "green shoe mechanism") no more than 15.00% of the initial issuance quantity. If the green shoe is fully exercised, the total number of shares issued will expand to 11.95 billion shares, accounting for approximately 12.87% of the total share capital after issuance (after the over-allotment option is fully exercised).
"Green Shoes" mechanism is also known as "over-allotment option", and is named after the use of the American Green Shoes Company during its IPO in 1963. It refers to an option granted by the issuer to the lead underwriter. The lead underwriter who is authorized to over-issuance of shares at the same issue price shall not exceed 15% of the underwriting amount. Within 30 days from the date of listing of the additional underwriting part of the shares, the lead underwriter has the right to choose to purchase the issuer's shares from the centralized bidding trading market based on market conditions, or require the issuer to issue additional shares and allocate them to investors who submit subscription applications for this excessive offering part. Only if the number of shares issued for the initial public offering is more than 400 million shares, the issuer and the lead underwriter can adopt the over-allotment option in the issuance plan.
It is understood that the introduction of the "green shoe mechanism" will play a role in stabilizing the price of new stocks. When new stocks break the issue price, the underwriter will use the funds raised by the "green shoe mechanism" to buy stocks to protect investors' rights and interests; when the stock price rises sharply, the issuer will issue 15% of the shares to investors who have applied in advance, increasing market supply.
green shoe mechanism can effectively adjust supply and demand, play a role in stabilizing stock prices, and can protect the interests of both issuers and investors to a certain extent.
public information shows that in the A-share market, listed companies such as Industrial and Commercial Bank of China , Agricultural Bank of China, China Everbright Bank and Postal Savings Bank have used the "green shoe mechanism".
The three major operators will gather in A-share
China Unicom has long been listed in the mainland and Hong Kong Stock Exchange . In June 2000, China Unicom was successfully listed in Hong Kong and New York. In October 2002, China Unicom successfully completed its A-share listing in Shanghai. In addition to China Telecom , another telecom operator, China Mobile , issued an announcement on May 17 that the company will apply for listing on the main board of the Shanghai Stock Exchange, and plans to issue no more than 965 million RMB shares.
If China Mobile is successfully listed on the A-share market, plus China Unicom , which has been listed on the main board, the three major operators are expected to gather in the A-share market soon.
Some analysts said that China Telecom chose to return to A-share listing, on the one hand, the pressure of tightening policy supervision in US stock market, and the risk of privatization and delisting of Chinese stocks or being delisted suddenly increased. Giant companies represented by China Telecom return to the A-share market to go public, which is also a development trend; on the other hand, it comes from the company's own fundraising needs. In the environment where the A-share market pays more attention to financing functions, the probability of companies that intend to go public issuance and listing is very high. In recent years, more and more companies have seen the financing advantages and liquidity advantages of the A-share market, and have taken measures to return to A-share listing.
Guosheng Securities' communications industry analyst Song Jiaji believes that with the listing of China Telecom on the A-share market, it will further stabilize the capital structure of operators' "A+H" listing, and at the same time bring more attention and funds to the A-share communications sector. Guosen Securities believes that telecom returns to A reflects that domestic operators use capital market forces to increase investment in new infrastructure, help the digital transformation of the industry, contribute more value to the economy and society, and are optimistic about the value improvement of operators in the 5G era.
This article is from the Financial Network
