The 36 Stocks Fell Below The Issuance Price Of &Nbsp, And The 108 Companies Were "Dystocia".

Statistics show that as of May 18th, in the past 147 years, 36 shares were reissued after the resumption of the stock market in the past year, and the share price fell below the issuance price. In the past 331 years, the share price of 108 companies has been lower than the issuance price or issuing price limit.

36 stocks fall below the offering price

From 3164.97 to 2594.78, the Shanghai composite index was down 18%, and some stocks fell even more.

As of May 18th, in the past 147 years, 36 shares were reissued after a year of issuance.

Among them, 25 stocks are private placements, and 11 stocks are publicly issued.

In view of the lock up period of one year or more, the shareholding of the 25 shareholders is still in the restricted period.

According to the issue price, the total amount of additional stock raising for 25 stocks amounted to 115 billion 762 million yuan, while the market value of the issue was only 98 billion 804 million yuan based on the closing price in May 18th, and the market value of the shares was 16 billion 958 million yuan.

Changjiang Electric Power has the largest fund-raising amount. The company has issued 1 billion 588 million shares to major shareholders, offering an additional price of 12.68 yuan / share and financing 20 billion 135 million yuan.

In May 18th, the closing price of the Yangtze River power was 12.53 yuan, and the book loss was 238 million.

The price of the Changjiang Electric Power Company has been very small, which is mainly due to the large shareholders' holdings.

In January 27th, Changjiang Electric Power announced that the Three Gorges group, the major shareholder, accumulated 110 million shares of the company in August 19, 2009 and August 20th to January 26, 2010, accounting for 1% of the total share capital of the company.

From the perspective of industry distribution, the stocks that are breaking up are mainly concentrated in industries such as chemical industry and real estate.

The chemical industry is the recent decline in the market during the market. The 7 stocks, such as Chek Tien and Hing Fat Group, have fallen below the issuance price. Real estate is the industry most affected by regulatory measures. Shimao shares, Poly Real estate, Wolong real estate, first open shares and golden land group first fell into the mire.

108 companies to increase the number of plans "dystocia"

In addition to the fact that the shares that have been put on the stock market have fallen below the issuance price, many companies that have disclosed the issuance plan also face the dilemma of refinancing "dystocia" because their share price falls below the proposed increase price.

In May 11th, the national unification stock announcement issued that no more than 27 million shares would be issued, the lower limit of the issue price was 20.99 yuan, and the closing price of the announcement day was only 19.30 yuan.

A similar company is rare.

Statistics show that in the past 331 years, 108 companies' share price has been lower than the issuance price or issuing price limit.

According to Wind statistics, the latest closing price of Saline Lake potash released in 2009 was 41.99 yuan, which was 42.81% lower than the price of the additional plan. It is the largest stock price that has fallen below the current price.

Its latest stock price, which is closely followed by Shanghai real estate development, Suning global and Wanfang real estate, has also fallen by more than 30% compared to its private placement price.

In addition, Huaxia Bank and comprehensive art shares are relatively small in the current price of the issuance plan, not exceeding 1%.

Market participants said that although the two tier market share price fell below the issuance price, it would not necessarily lead to the failure of related companies' private placement. However, if institutional investors can buy cheaper stocks in the two tier market, their participation in private placement will weaken, and the financing plans of listed companies will encounter greater resistance.