Category: Money tips Release Date: 2006-01-25
Flagship, one of the blue-chip blue-chip heavyweight China Shipping Development has announced to pay 2.9 shares for every 10 shares of the payment program. Meanwhile, the China Shipping Group has also committed to: share reform after the shares held by China Shipping Development was traded from the date of the right, in the 36 months are not sold by publicly traded in the 36 months to
Among the 60 months, if sold by publicly traded, then the sale price is not lower than the share-trading reform plan announcement a day before the circulation of A stock's closing price of 150%, that is not less than 9.38 yuan. China Shipping Development announced share reform program reflects the high price of gold on the high-limit sale prices and the limited sale of long-term three characteristics.
Previously, China Shipping Development announced the payment program to pay 2.3 shares for every 10 shares of the price. 2.3 pairs of prices at the time announced, the market against China Shipping Development to give a positive evaluation. A simple volume terms, China Shipping Development to the price level is close to the market average. However, with H shares of parity calculation, and its high-growth texture of high-quality point of view, even the right price to pay 2.3 levels are much higher than the market expectations on the price level of 2.9 is even more of the outstanding shares so that investors received a very satisfactory responses.
Pre-stock reform, China Shipping Development's A valuation of the stock market price level is close to maturity on the capital market valuation. China Shipping Development on behalf of the internationalization of capital markets in full circulation is expected to mature under the H-share price for the pricing of 5.40 Hong Kong dollars, converted into 5.63 yuan (November 4 closing price), while its A share price was 6.25 yuan, the difference is only 0.62. This indicates that China Shipping Development circulation of the right to a premium level is very low, non-tradable shareholders the right to receive the flow of premium income was also minimal, so to be paid right price should be considerably lower than the market average. 2.9 The actual payment of the price far beyond the China Shipping Development Theory to pay right price level, fully embodies the ones who enjoy the outstanding shares of China Shipping Development shareholders of sincerity and confidence in the company's future development. In addition, China Shipping Development 9.38 yuan higher selling prices and limited 3-year limit on sale of long term, but also fully embodies the China Shipping Group China Shipping Development optimistic about the future of the firm holding the confidence.
Company is the largest coastal oil and coal transporters, the City of Oil Transportation Company, Coal Transportation as its core business in the Far East, one of the largest shipping companies in China and the Far East shipping market occupies an important position. Share in this reform, the China Shipping Development status of important industries, a strong business model, excellent texture and attention to small and medium enterprise investment interest in the integrity of the attitude, making China Shipping Development in the securities market to establish a good brand image, it will gain more investors the trust and support.
