Hello, shouldn t the proportion of public offerings with a share capital of more than 400 million yu

China's "** Law.

It is stipulated that one of the conditions for a social offering company to apply for listing is that the shares issued to the public reach more than 25% of the total number of shares of the company. The share capital of the company.

If the total amount exceeds RMB 400 million, the proportion of shares issued to the public shall be more than 10%.

Further information: Share capital refers to the equity of shareholders in the company, which is mostly used to refer to **.

Compared with other companies, the most significant feature of listed companies is that all the capital of listed companies is divided into equal shares, and capital is raised by issuing **. Shareholders have limited liability to the company with their subscribed shares. Shares are a very important indicator.

The total number of shares is the share capital, which should be equal to the registered capital of the company.

Therefore, equity is also a very important indicator. In order to visually reflect this indicator, in accounting.

On the joint-stock company should be set up"Share capital"Subjects.

The company's share capital shall be issued within the scope of the approved total share capital. However, it is worth noting that the income obtained by the company's issuance of ** is often inconsistent with the total share capital, and if the income obtained by the company's issuance ** is greater than the total share capital, it is called premium issuance; if it is less than the total share capital, it is called a discount issuance; If it is equal to the total share capital, it is issued at par value. China does not allow companies to issue at a discount**.

In the case of premium issuance, the Company shall credit the portion equivalent to the face value"Share capital"account, the rest is credited after deducting issuance fees, commissions and other issuance expenses"Capital reserve.

Subjects. When the company was first established, the first share capital was the original shareholders, some of whom contributed money and some contributed (technology or intangible assets).

shares), when they first started, they were all calloused hands and feet working hard. After a period of initial formation, some companies have made mistakes and incurred losses, while others have survived the dangerous period safely.

But regardless of whether you make money or lose money, you usually take the same action to increase your physical fitness with cash capital. At this time, most of the shareholders are themselves, so the cash capital increase is mostly subscribed at par, because the company's prospects are unclear, so there is no good or bad problem with the change of share capital.

The next step is to raise funds to expand operations, and the easiest way is to make the company public. If it is a promising good company, the ** issued by the company is subscribed by internal or specific people, and it is not easy for ordinary people to buy. Another situation is that the company's operation is not ideal, the public offering just wants to exchange money, and when the banknotes are exchanged for about the same, it is also the end of the company, this kind of ** will sometimes be marketed in the way of rats, so you should be especially careful when buying unlisted ** from unknown sources or resold by relatives and friends.

There is no such provision in the Companies Act, 10% is correct.

Addendum: If there is such a question, then the question is 100% wrong, or your topic is very old, was there such a rule before? I don't know.

Is there a rule for this? I think a lot of A shares are more than 400 million, and all of them are in circulation.

This should be a question in the qualification examination, 25% refers to the premise that the company's total share capital does not exceed 400 million yuan, and more than 400 million yuan, the proportion is 10%. From the perspective of issuance, the number of shares subscribed by the promoter shall not be less than 35% of the total share capital after the issuance. That is to say, the ** of this public offering cannot exceed 65% of the total share capital after the issuance.

From the perspective of listing, the public offering should reach more than 25% of the company's total share capital; If the company's total share capital is more than 400 million yuan, the proportion of public shares issued to the public should reach more than 10% of the total share capital. This is a condition that both IPO and refinancing companies must meet if they want to go public. Moreover, the Administrative Measures for Initial Public Offerings and Listings are formulated to regulate the conduct of initial public offerings and listings and protect the legitimate rights and interests of investors.

On May 17, 2006, the 180th meeting of the chairman of the CSRC deliberated and passed, and on May 17, 2006, the CSRC Decree No. 32 was promulgated, which came into force on May 18, 2006. The full text of the latest IPO** and listing management measures includes six chapters and 70 articles, including general provisions, issuance conditions, issuance procedures, information disclosure, etc. Issuance conditions Article 1 In order to standardize the behavior of initial public offering and listing, protect the legitimate rights and interests of investors and the public interest, these measures are formulated in accordance with the "** Law" and "Company Law".

Article 2 These Measures shall apply to the initial public offering** and listing within the territory of the People's Republic of China. These Measures do not apply to domestic companies** subscribing and trading in foreign currencies. Article 3 The initial public offering and listing shall comply with the issuance conditions stipulated in the ** Law, the Company Law and these Measures.

Article 4 The information disclosed by the issuer in accordance with the law must be true, accurate and complete, and there shall be no false records, misleading statements or material omissions. Article 5 The sponsor and its sponsor representative shall follow the principles of diligence, honesty and trustworthiness, conscientiously perform the duty of prudent verification and counseling, and be responsible for the authenticity, accuracy and completeness of the sponsorship letter issued by the sponsor. Article 6 The service institutions and personnel who issue relevant documents for the issuance of the first document shall strictly perform their statutory duties in accordance with the recognized business standards and ethical norms of the industry, and be responsible for the authenticity, accuracy and completeness of the documents they issue.

Article 7 The approval of the issuer's initial public offering by the China Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission") does not indicate that it has made a substantive judgment or guarantee on the investment value of the issuer or the returns of investors. **After the issuance in accordance with the law, the investment risks caused by changes in the issuer's operation and income shall be borne by the investors.

Generally, it is required that the company's public offering of shares must reach more than 25% of the total number of shares. However, if the company is large in scale and has a total share capital of more than 400 million yuan, only more than 10% of the total share capital of the company can be listed.

In layman's terms, if the registered capital of a joint-stock company is more than 400 million yuan before listing, it can issue new shares with more than 10% of the original registered capital. This condition only refers to the initial public offering, which is generally referred to as the IPO, which is mainly for companies with relatively large registered capital (that is, the share capital of the shares) before listing.

At the beginning of the company's listing, the company's total share capital is not less than 30 million yuan, not 400 million yuan, Article 50 of the "Law" shares to apply for listing, should meet the following conditions:

1. **Approved by the ***** regulatory authority for public issuance.

2. The total share capital of the company shall not be less than RMB 30 million.

3. The shares issued to the public reach more than 25% of the total number of shares of the company; If the total share capital of the company exceeds RMB 400 million, the proportion of shares issued to the public shall be more than 10%.

4. The company has no major violations in the past three years, and there are no false records in the financial and accounting reports.

**The Exchange may stipulate listing conditions that are higher than those specified in the preceding paragraph, and report to the ***** regulatory authority for approval.

The minimum registered capital of a listed company is RMB 50 million. The par value of each share is 1 yuan, and the issue price is determined through the inquiry mechanism. (1) ** Publicly issued; (2) The total share capital of the company shall not be less than 30 million yuan; (3) The shares issued to the public reach more than 25% of the total number of shares of the company; If the total share capital of the company exceeds 400 million yuan, the proportion of public shares issued to the public is more than 10%; (4) The number of shareholders of the company shall not be less than 200; (5) The company has no major violations in the past three years, and there are no false records in the financial and accounting reports; (6) Other conditions required by the Shenzhen Stock Exchange.

It is a public additional issuance on the basis of the original**, which is generally used for financing.