Category: Money tips Release Date: 2007-07-09
Investors Q: Recently some media reports, the exchange is likely to be released next week, with B shares of the company's share reform program. As a domestic listed foreign shares, the A shareholders pay for the price of B shares will affect the interests of shareholders? B shares how should investors do?
Guo-Hong Liu: With regard to "A + B" shares of listed companies, how to change, the introduction of the relevant shares since the end of this file is basically clear, that A shares with the right. As for the B shareholders can get right price, will depend on shareholders of A-share market results of the consultation. Of course, we should also understand that, if not to the B shareholders of the price of compensation, then the A shares of non-tradable shareholders and tradable shareholders in share reform also must not undermine the interests of shareholders of B shares, or should compensate for such damage. Look at the reality, B shares and A shares belong to a company's shareholders, to adjust some of the rights and interests of shareholders will certainly affect the other rights of shareholders.
According to statistics, Shanghai and Shenzhen stock markets in a total of 86 "A + B" shares of listed companies, mostly in Shanghai and Shenzhen local stocks, B the stock market value of approximately more than 460 billion yuan. And the A shares of these companies Liutong Pan is usually very small proportion of the total share capital is small, a larger proportion of non-tradable shares. If the flow of chlor-alkali chemical B shares of 34.91%, A shares in circulation was only 2.39%. The overall situation, because a smaller proportion of tradable shares, the investment value is relatively large, containing B-share listed companies to split share structure reform, more than an ordinary A shares of flexibility, Major Holders, Sugu, Warrants , "agricultural" model could be optional. On the initial point of view, proposes a focus on Chlor-Alkali Chemical (600,618 market, information, advice, more), Jin Jiang Investment (600.65 thousand quotes, information, advice, more), etc. A shares in circulation ratio of smaller companies, such company's stock reform Program B may be more balance between the interests of shareholders.
