What are the pros and cons of allotment of listed companies
According to the relevant provisions of the Company Law, when a listed company wants to place new shares , it should first do so among the old shareholders to ensure that the old shareholders’ shareholding ratio in the company remains unchanged. Transfer rights to others. For old shareholders, the allotment of listed companies actually provides an option for additional investment.
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Whether or not the old shareholders choose the allotment to make additional investment in the listed company can be judged according to the operating performance of the listed company, the investment direction of the allotment funds and the level of efficiency. However, in real economic life, in addition to allotment of shares, shareholders can also realize additional investment by purchasing stocks of other companies , investment debt and household savings, and the key is to determine the investment income.
If the return on equity of the listed company with allotment does not reach the interest rate of household savings deposits, it is obvious that the operating efficiency of the listed company is too poor, and its investment return is difficult to compare with household savings. investment.
Of course, when a listed company decides to issue a rights issue, if the rights issue warrants cannot be circulated, its rights issue will be mandatory, because after the implementation of the rights issue, the stock will be ex-righted and the price will drop. Loss. Its only way to escape the placement is to sell the stock before the placement.
In the allotment of listed companies in my country, because the operation of my country’s shareholding system is not standardized, the state shares and legal person shares in some listed companies occupy an absolute controlling position. Allotment rights are compulsorily transferred to individual shareholders of the listed company. This kind of move is actually a violation of the rights and interests of small and medium shareholders…