After Caitong Securities Co.Ltd(601108) completed the allotment of shares, there were securities companies to issue shares for financing.
April 20, today, is the registration date of Orient Securities Company Limited(600958) rights issue. From April 21, the trading of the company’s shares will be suspended. From April 21 (this Thursday) to April 27 (next Wednesday), there will be a five-day payment period for allotment of shares. Failure to operate during this period will be deemed as abandonment. After the allotment is completed, the company’s shares will be ex rights and the price will be adjusted. If investors do not operate, they may cause losses.
For shareholders, the rights issue means that they will directly face the risk of diluting the immediate return. However, for securities companies, the integration of large amounts of funds into the listed securities companies will help consolidate the company’s capital strength and enhance the company’s long-term competitive advantage.
60 billion securities companies are placing shares. Today is the equity registration date
Orient Securities Company Limited(600958) recently announced that the company’s share allotment is about to enter the payment period of share allotment, and investors holding Orient Securities Company Limited(600958) a shares need to pay close attention to relevant matters.
According to Orient Securities Company Limited(600958) announcement, the company plans to allot 2.8 shares per 10 shares to all shareholders based on the total share capital of A-Shares after the closing of the market on April 20. The allotment of H shares is proposed to be based on the total number of qualified H shares determined on the registration date of H shares allotment, and to be allotted to all h shareholders in the proportion of 2.8 shares per 10 shares. The allotment price of the company is 8.46 yuan, and the allotment prices of A-Shares and H shares remain the same after exchange rate adjustment.
The company plans to raise no more than 16.8 billion yuan through placement, which will be used to increase the company’s capital, supplement working capital, optimize the asset liability structure, serve the real economy, and comprehensively improve the company’s market competitiveness and anti risk ability.
It is worth noting that if investors forget to pay during the allotment payment period, they will often directly cause certain losses after the resumption of trading. This is mainly because in order to attract shareholders to allot shares, the allotment price is often lower than the secondary market price. After the allotment is completed, the secondary market price will take the ex right price as the reference benchmark, and the ex right stock price will often decline,
Previously, due to the impact of the share allotment news, Orient Securities Company Limited(600958) share price fell sharply. As of the closing on April 19, Orient Securities Company Limited(600958) a share price was reported at 9.49 yuan, close to the share allotment price. Based on the closing price on April 19, the ex right price after the allotment is 9.26 yuan, but this price is 2.37% lower than the closing price on April 19. The specific ex right stock price needs to be calculated after the closing price on April 20, and the loss range calculated above should also be based on the closing price on April 20.
Before Orient Securities Company Limited(600958) enters the payment period of allotment, shareholders still have the right to choose:
First, do not participate in the allotment and sell the shares before the closing on April 20;
Second, participate in the allotment, and still hold the company’s shares after the closing on April 20, but remember to participate in the allotment and pay in full according to the method announced by the company, and don’t miss or under allocate.
According to the arrangement, during the payment period, A-share shareholders can go through the payment procedures for A-share allotment at the stock custody broker through the trading system of Shanghai Stock Exchange by means of online entrustment, telephone entrustment and on-site entrustment of the business department. The allotment code is “700958” and the allotment price is 8.46 yuan / share. During the payment period of allotment, shareholders may declare for many times, but the total number of allotments declared shall not exceed the quota of allotments.
After the allotment is completed, Orient Securities Company Limited(600958) will conduct ex right transaction on April 29 Orient Securities Company Limited(600958) recently released data show that as of February 28, the number of shareholders of the company reached 257700.
the largest shareholder will subscribe in full
As the largest shareholder of Orient Securities Company Limited(600958) company, Shenneng group held 1.768 billion shares of the company at the end of 2021, accounting for 25.27%.
Shenneng group promises to fully subscribe for the allotment shares available to Shenneng group in cash according to the allotment price and allotment proportion determined by Orient Securities Company Limited(600958) and the sponsor (underwriter) through consultation according to the number of shares held after the closing of the market on the registration date of the allotment.
Based on the allotment ratio of 2.8 per 10, Shenneng group will spend about 4.2 billion yuan to subscribe for Orient Securities Company Limited(600958) allotment.
Orient Securities Company Limited(600958) is one of the leaders in asset management business. The company’s recently disclosed financial report for 2021 shows that the company achieved an operating revenue of 24.370 billion yuan, a year-on-year increase of 5.34%, and the net profit attributable to the parent company was 5.371 billion yuan, a year-on-year increase of 97.26%.
Benefiting from China’s stable and powerful macro policies, sustained economic recovery, active market trading, and significant increase in the income of the company’s main business sectors such as asset management, brokerage and capital intermediary, the income and year-on-year growth rate of the company’s asset management business, brokerage, investment banking and capital intermediary were 3.622 billion yuan (+ 46.94%), 3.617 billion yuan (+ 38.00%), 1.705 billion yuan (+ 7.77%) and 1.464 billion yuan (+ 87.96%) respectively.
The company’s asset management business maintains the leading position in the industry, and the long-term investment performance of asset management remains at the forefront of the industry. Caixin Securities believes that under the environment of increasing residents’ wealth and the state’s emphasis on increasing the proportion of direct financing, Dongzheng asset management is facing greater development space with excellent asset management talents and the advantages of active asset management brand established over the years. Huitianfu, the company’s equity participation fund, is in the forefront of the industry. In 2021, the company achieved a long-term equity investment income (mainly huitianfu investment income) of 1.444 billion yuan, a year-on-year increase of 19.10%. According to the annual report, at the end of 2021, the total scale of huitianfu’s year-end management exceeded 1.2 trillion yuan, and the scale of non monetary financial public funds exceeded 610 billion yuan, ranking in the forefront of the industry. Under the trend of public fund expansion, huitianfu fund is expected to continue to contribute to the performance increment of the company. However, since the beginning of 2022, the net value of partial equity funds has fallen sharply, which has brought short-term suppression to the profit growth of the company’s big wealth business line. Open source securities expects that the net profit of the company’s big wealth management business line will be flat year-on-year in 2022, and the long-term growth is still strong. The high profit contribution of the big wealth management line is expected to drive the valuation elasticity of the company.
these companies will also allot shares
In addition to Orient Securities Company Limited(600958) , many companies have issued stock allotment plans. The stock allotment plan of China Industrial Securities Co.Ltd(601377) has been approved by the CSRC, and the stock allotment may be implemented.
According to the data, since 2021, China Industrial Securities Co.Ltd(601377) , Shannon Xinchuang, China Zheshang Bank Co.Ltd(601916) , Shandong Lukang Pharmaceutical Co.Ltd(600789) , Zhejiang Windey Co.Ltd(300772) , Cecep Wind-Power Corporation(601016) , Sino-Platinum Metals Co.Ltd(600459) and other companies have issued share allotment plans. Among them, the application for share allotment of China Industrial Securities Co.Ltd(601377) has been approved by the CSRC, and the company will enter the formal share allotment process later.
Attached share allotment tips:
1. Is the general stock up or down after the allotment
From the historical law, the stock trend after the allotment has risen and fell, and the allotment is not the decisive factor of the trend.
2. Do you want to participate in the allotment
If you love deeply, please allot shares; If you don’t love it, sell it quickly.
Whether to participate in the allotment depends on the quality of the company and the purpose of funds. The allotment itself is neither good nor bad.
3. How to operate the allotment
It’s simple. As long as you have this stock on the equity registration date, your trading software will display how many shares you can receive in total. Then, during the payment period of allotment, you can enter the allotment code and allotment price and buy it according to the maximum allotment.
4. Can I register multiple times
You can buy in batches for many times and cancel the order without handling fee. However, there is no need. Since you choose to allot shares, you have to choose the way of payment.
5. What if there is no money to allot shares
If there is no money to participate in the allotment before the equity registration date, you can sell some positions to pay the allotment. For example, full warehouse 5000 shares can not participate in the allotment, sell 1000 shares at the market price, and then discount the allotment back.
6. Will I lose if I don’t participate in the allotment or sell shares
Yes. The rights will be removed after the allotment. If you do not participate in the allotment, because the number of shares remains unchanged, you will directly suffer losses.
7. Can you match some with others
Not recommended. If you decide to allot shares, you’d better allot enough. Otherwise, the reason is the same as above.
8. How to calculate the number of allotments
If you hold 10000 shares and the allotment scheme is 10 with 3, you can get 3000 shares.
9. How to confirm whether the allotment is effective
Due to the limited time for subscription of allotment shares, those who fail to make payment within the time limit will automatically give up the allotment shares, and there is no way to make up the payment later. Therefore, it is very important to confirm whether the subscription has been confirmed after the allotment. The allotment investor can verify whether the subscription is effective by checking the delivery order, dialing the telephone of the securities firm and other means.
It also reminds investors that it is best not to catch the last bus to participate in the allotment, so as not to have time to remedy in case of operational errors.
10. When will the allocated shares be listed
The allotment did not arrive immediately. After the completion of the allotment payment, after the company publishes the share change announcement, the listing time shall be announced separately according to the arrangement of the stock exchange, and the trading can be carried out after listing, without the restriction period.
11. If there is money in the account, can it be deducted automatically
No. Be sure to hang up the bill manually.
12. Is there a handling charge for the allotment
No. Commission, transfer fee, stamp duty and issuance handling fee are all free.
13. How to know the allotment information in time
There are usually several trading days between the announcement of the news and the date of equity registration. Some investors “pretend to be dead” for a long time. If they don’t know that their shares will be allotted, they will suffer heavy losses if they neither pay nor sell them in time. What should I do?
For the allotment information, listed companies will continuously issue announcements to remind, and securities companies will generally prompt on the market software and official website. In addition, some securities companies will also notify investors by telephone, SMS and other means. Also remind you that the mobile phone should not block the service number of securities companies.
However, due to the change of investors’ contact information, there will still be cases where investors cannot be contacted. Therefore, securities companies often remind investors to update their contact information in time. If you don’t watch the market often, pick up the phone now and check with the securities company to update your contact information. This is not an empty word. It is really important!
14. What is the difference between share allotment and share giving and conversion
Some people think that the allotment of shares is the same as sending shares and converting shares. Just ignore it and wait for your arrival. This is really a big mistake. Transfer and share transfer belong to the type of dividend, and share allotment is refinancing.
Share distribution: convert surplus reserve or undistributed profits into shares and distribute them to shareholders.
Share conversion: convert the capital reserve into shares and distribute them to shareholders.
Allotment of shares: allotment of shares is the act of a listed company to further issue new shares and raise funds to the original shareholders according to the needs of the company’s development.
It can be seen that the main difference between sending shares and converting shares lies in the different sources of shares. For individual investors, only the financial treatment is different, so there is no need to study deeply. For the shares to be sent or transferred, you can ignore it, and there is no need to make contributions, and allow the shares to be sent and transferred to the account.
But the allotment of shares is very different. It belongs to an option. You can allot shares or not. If you want to allot shares, you must choose by yourself manually. If you have money in your account, you will not allot shares by yourself. Once you hold the shares on the equity registration date and do not allot shares, it will be regarded as giving up and will suffer discount losses.
15. Is the calculation of the ex right price of share allotment, share delivery and share conversion the same
Different.
There may be only one thing in common between share allotment, share offering and share conversion: they all have to be ex rights. But the calculation of ex right price is different.
For example, for a stock of 10 yuan, 10 will be given / transferred / allocated 2, and the allotment price will be 8 yuan. The ex right price is:
Share offering and conversion: 10 / (1 + 0.2) = 8.33 yuan;
Allotment: (10 yuan + 8 0.2) / (1 + 0.2) = 9.67 yuan.
