• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    SFC Focus On The Revision Of Supporting Measures, Preference Shares Landing "Fast"

    2014/6/9 13:52:00 24

    SFCSupporting MeasuresPreferred Stock

    < < p > recently, < a href= > http://www.91se91.com/news/index_c.asp > < < > > > > > > < < > > > > > < < a > > > < < > > > > < < > > > > > < < > > > > < < > > > > < < > > > > < < > > > > < < > > > > > > < < > > > > > > > > > > > > > > > > > > > > > > > > > > > > > < 9 >.

    Among them, how to protect the small and medium investors in the process of issuing preferred shares and how to take into account the rights and interests of common shareholders and preferred shareholders is still a matter of concern to regulators.

    < /p >


    < p > < strong > rule refinement < /strong > < /p >.


    < p > compared with common shareholders, < a href= "http://www.91se91.com/news/index_c.asp" > preferred shares < /a > shareholders have different rights, and the right mechanism is special.

    < /p >


    < p > in the revision of the guidelines for the articles of association of listed companies (revised in 2006) (hereinafter referred to as the "guidelines for articles of association"), the SFC defines the definition of preferred stock, and prompts the company to make a request in the articles of Association regarding the conditions of issuance of preferred stock, whether it can set different priorities in terms of distribution of profits and the right to distribute residual property.

    < /p >


    < p > in the revision of the guidelines of the articles of association and the rules of shareholders' meeting of the listed companies, the SFC clarified the rights of the preferred shareholders.

    < /p >


    < p > generally speaking, the preferred shareholders do not attend the meeting of shareholders' meetings, and the shares held by them do not have the right to vote. Except for the following circumstances, the relevant contents of the articles of association in the articles of association shall be amended; the registered capital of a company will be reduced by more than ten percent at one time or accumulated; the merger, division, dissolution or alteration of the company form; issuance of preferred stock; and other circumstances specified in the articles of association.

    < /p >


    < p > at the same time, in order to ensure that the preferred shareholders can effectively protect their rights when they are not paid dividends, the guidelines of the articles of association require that in the articles of association, when the company accumulates 3 accounting years or 2 consecutive accounting years, the preferred shareholders can resume voting rights until the company pays the dividends in full in accordance with the articles of association.

    < /p >


    < p > < strong > protection of medium and small a href= "http://www.91se91.com/news/index_c.asp" > investors < /a > /strong > /p >


    < p > the SFC has added a "preferred stock related situation" section to the revision of the annual and semi annual disclosure criteria, calling for "special disclosure" on related matters of preferred stock.

    < /p >


    < p > in the view of regulators, strengthening information disclosure is an important means to protect the rights and interests of small investors.

    < /p >


    < p > according to the new rules, the issue and listing of preferred stock, profit distribution, repurchase or conversion, the relevant situations concerning the resumption of voting rights of preferred stock, the accounting policies and reasons for preferred shares, the total number of shareholders and the situation of the top 10 preferred shareholders need to be disclosed in a prescribed period.

    < /p >


    < p > in addition, by issuing preferred shares as a payment tool for mergers and acquisitions, mergers and acquisitions can trigger different takeover conditions for preferred stock and common stock when triggering the offer obligation.

    At the same time, the relevant restructuring documents also need to disclose preference shares.

    < /p >


    < p > however, with the issuance of preferred shares, the structure of shareholders becomes more complicated.

    In order to take into account the rights and interests of preferred shareholders and common shareholders, the relevant rules have also been refined to ensure that all shareholders achieve their rights in a fair and orderly manner.

    < /p >


    < < p > > the revised guidelines on the articles of association require the company to explain the cash dividend policy in the prospectus, improve the dividend decision-making procedures and mechanisms, and clarify the priority of cash dividends in the way of profit distribution compared with stock dividends.

    < /p >


    < p > the preferred stock issuance plan of Societe Generale has been considered by the board of directors recently.

    As for how to co-ordinate two kinds of shareholders, Tang Bin, Secretary of Industrial Bank's board of directors, believes that for ordinary shareholders, the company has a future dividend commitment to common stock in the shareholder return plan.

    < /p >


    < p > for preferred shareholders, he thinks that protection is concentrated on the rights and obligations of shareholders and the order of dividend distribution, that is, whether dividends paid by preferred shareholders are the prerequisites for dividends payable to common shareholders.

    < /p >


    < p > the Societe Generale Bank plan specifies that "dividends shall not be distributed to the common shareholders before paying the agreed dividends to the preferred shareholders". "If dividends are paid in whole or in part, the dividends of the common stock in the fiscal year shall not be paid".

    < /p >

    • Related reading

    操作延續(xù)謹(jǐn)慎 QDII基金業(yè)績(jī)分化明顯

    Finance and economics topics
    |
    2014/6/8 20:22:00
    13

    Finance Can Not Borrow Money In The Name Of Real Economy But Circulates Internally.

    Finance and economics topics
    |
    2014/6/7 8:50:00
    37

    Lezhu Group Divulge: 200 Million New Products Will Be Listed Ahead Of Schedule With Equity Shareholders.

    Finance and economics topics
    |
    2014/6/6 23:08:00
    42

    歐央行兌現(xiàn)承諾 匯價(jià)上沿過山車

    Finance and economics topics
    |
    2014/6/6 13:50:00
    20

    The Weakness Of The Renminbi Is Hard To Change In The Short Term.

    Finance and economics topics
    |
    2014/6/6 9:16:00
    18
    Read the next article

    This Week, The US Dollar Will Not Change To New York Dollar And Add Interest Ring.

    Today's Asian market early morning, the dollar index traded above 80.4, on the whole day trading last Friday, a slight increase of 0.09%, the lowest touch of 80.24, the overall volatility in general, because the market experienced last Thursday's European Central Bank's sharp toss, the enthusiasm of the non-agricultural market declined sharply, and at the same time, the Friday's announcement of non-agricultural data and expectations are not too much difference, all are the cause

    主站蜘蛛池模板: 国产精欧美一区二区三区| 欧美老熟妇乱大交XXXXX| 手机在线观看精品国产片| 国产亚洲欧美另类专区| 久久国产精品久久国产片| 麻豆AV一区二区三区久久| 蜜臀91精品国产免费观看| 欧美日韩三级在线| 夫妻免费无码V看片| 免费无码va一区二区三区| videos欧美成人| 激情内射亚州一区二区三区爱妻| 无翼乌邪恶工番口番邪恶| 国产 欧洲韩国野花视频| 中文字幕亚洲不卡在线亚瑟| 美女黄频视频大全免费的| 日本孕妇大胆孕交| 国产欧美日韩视频在线观看| 亚洲欧美一级久久精品| 1204国产成人精品视频| 狂野小农民在线播放观看| 国内精品18videosex性欧美| 偷拍激情视频一区二区三区| 9lporm自拍视频区在线| 欧美疯狂性受xxxxx喷水| 在线观看一级毛片免费| 亚洲成a人片在线观看精品| 中文天堂最新版www在线观看| 日韩激情无码免费毛片| 国产手机在线αⅴ片无码观看| 久久国产精品萌白酱免费| 美女把尿口扒开让男人桶 | 亚洲日本黄色片| freefron性中国国产高清| 精品久久久久久久中文字幕| 在线天堂中文www官网| 亚洲三级在线视频| 蜜桃成熟之蜜桃仙子| 女人与公拘交酡过程高清视频| 亚洲日韩中文字幕一区| 黑人大战亚洲人精品一区|