Conditions for the issuance of new shares, conditions for the issuance of new shares

Conditions for IPO subscription:

The existing IPO subscription rules are market value placement rules, and the subscription requires a quota, and no funds are required for subscription.

1. An A-share account has been opened in the corresponding market;

2. You need to have a new share subscription quota in the corresponding market, which is calculated according to the average daily market value of your 20 trading days (including T-2 days) before T-2 day (T day is the online subscription date), and only when you reach a market value of 10,000 (including 10,000) can the quota be calculated, and the market value of the Shanghai and Shenzhen markets is calculated separately.

3. Subscription of new shares on the ChiNext Science and Technology Innovation Board also requires the opening of the ChiNext Science and Technology Innovation Board authority.

It is recommended that you contact the customer service of the brokerage where your account is located.

According to the provisions of the ** Law and the Company Law, the company must meet the following conditions for issuing new shares:

1) Have a sound and well-functioning organizational structure;

2) Have sustained profitability and good financial position;

3) There are no false records in the financial and accounting documents in the last three years, and there are no other major illegal acts;

4) Meet other conditions stipulated by the ***** supervision and management agency approved by the first country.

The non-public issuance of new shares by a listed company shall meet the conditions stipulated by the ***** regulatory authority approved by the public and report to the ***** regulatory authority for approval. The distribution of new shares by the company based on the profits of the current year is not subject to the second restriction mentioned above. The funds raised by the company in the public offering must be used in accordance with the purpose of the funds listed in the prospectus.

A change in the use of funds listed in this prospectus must be resolved by a general meeting of shareholders. If the purpose is changed without correction without authorization, or without the approval of the general meeting of shareholders, no new shares shall be issued to the public.

Judging from the provisions of the Company Law and the ** Law, the issuance of shares can be divided into several different types of issuance, such as establishment issuance, reorganization issuance and new share issuance.

New share issuance refers to the issuance of new shares for the purpose of increasing the company's capital or raising sufficient company capital after the company is established.

According to the provisions of the Company Law, the following conditions must be met for the issuance of new shares by a company:

1. The shares issued in the previous issue have been fully raised, and the interval is more than one year.

2. The company has made profits in the past 3 consecutive years and can pay dividends to shareholders.

3. There is no false record in the company's financial and accounting documents in the past 3 years.

4. The company's expected profit margin can reach the bank deposit interest rate in the same period.

When it comes to playing new stocks, the first thing that comes to everyone's mind is the Dongpeng special drink bar a while ago, as soon as it is listed, there are more than a dozen price limits, and you can get 220,000 yuan if you sign it, which is simply the new favorite of the New Territories. Playing new stocks looks very profitable, but do you know how to play? How can I increase my chances of winning the lottery?

Today, I will tell my friends about the IPO in detail.

So before you listen to me, let's get a wave of benefits first--the ** list selected by the organization is newly released, don't miss it when you pass by: Quick collar! Today's list of institutions is newly released!

3. What will happen to the IPO?

If there are no accidents about the listing of new shares, the time for the listing of new shares is 8 14 calendar days from the date of subscription.

For these two major sectors, including the ChiNext Board and the Science and Technology Innovation Board, the limit on the decline of the first 5 days of listing will not be set, and the limit will be imposed from the 6th trading day, and the daily rise and fall will be limited to 20%. The price limit on the first day of listing of new shares on the Main Board shall not be higher than 144% of the issue price and shall not be less than 64% of the issue price**. If the issue price is 10 yuan shares, then the day of the most ** will only be yuan shares, can not be lower than the yuan shares, according to my years of tracking observation, the main board of new shares on the first day of the usual daily limit, the number of later boards is higher than 5, when the new shares are sold more appropriate, that has to be fully analyzed by the actual situation and the market. If there is a breakage on the day of the listing of the new stock is accompanied by continuous **, selling it on the day of listing can minimize the loss.

Since there is no restriction on the rise and fall of new shares on the Science and Technology Innovation Board and the Growth Enterprise Market, to prevent the occurrence of stock prices, if the partner wins the lottery, he can directly choose to sell on the first day of listing. In addition, if the first is continuously connected to the board, when the opening of the board occurs, the best way is to sell immediately to prevent losses and settle for safety.

The essence of ** finally falls on the company's performance, can judge whether a company is a good company or can be a comprehensive analysis of the people are not many, resulting in a loss of sight, the existing free diagnosis of stock artifact, knock into the ****, you can see the quality of the **quality: [free] test your ** is good?

A lot has been written, but it's actually much more complicated than that. The actual issuance conditions should be determined according to the conditions of each company to be issued.

1. What is a new share issuance?

The issuance of new shares refers to the act of issuing shares on the basis of registered capital after the establishment of a company. Share issuance refers to the legal act of raising capital and allocating shares. Depending on the stage of the company at the time of the issuance of shares, the issuance of shares can be divided into two types: establishment issuance and new share issuance.

Judging from the provisions of the "Company Law" and the "** Law", the issuance of shares can be divided into several different issuances, such as establishment issuance, reorganization issuance and new share issuance.

2. Conditions for the issuance of new shares.

The conditions for the issuance of new shares by existing joint-stock companies vary from country to country, but the following are broadly the same:

1. The current price should reach a certain level. The current price is an important indicator that reflects the company's current and future operations and earnings, the current price is too low, which means that the company is not operating well, and the prospects are not optimistic, in this case, the issuance of new shares, once the company's operation deteriorates or goes bankrupt, it will damage the interests of shareholders, therefore, the company's current price should reach a certain level in order to allow the issuance of new shares, otherwise the issuance of new shares will be limited by the number or time. As for the level of the current price, countries generally do not make specific provisions, but at least it should be higher than the face value.

2. In line with the income benchmark of new share issuance, the company's after-tax regular profit in the latest year is sufficient to pay dividends as the income basis, and some countries stipulate that the regular profit is more than 10. Some countries require that the company's regular profit after the last issuance of ** exceeds the previous period before the new shares can be issued.

3. The dividend payout rate of the issuing company should be maintained at a certain level, and the dividend payout rate of all countries is generally required to be above 10.

4. The market at the time of the issuance of new shares is relatively stable and the fluctuation range is small.

5. There should be a certain period of time between the secondary issuance, which is to avoid the excessive concentration of the issuance and the turbulence of the supply and demand relationship, and most countries stipulate that the new shares can only be issued again after an interval of a period of time (generally one year). Secondly, the existing joint-stock company must go through the necessary legal procedures to destroy the issuance of new shares. Under the authorized capital system, as long as the board of directors discusses and makes a resolution on matters related to the issuance of new shares within the scope of the authorized number of shares, but at least 3 2 or more directors should attend the meeting before the resolution has legal effect; If it is necessary to increase the capital beyond the scope of the authorized number of shares, it is required to convene a general meeting of shareholders to change the articles of association and increase the number of authorized shares.

Third, the board of directors shall submit an application for issuance to the management department, explaining the matters related to the issuance of new shares, including whether the new shares issuance benchmark is met. If the conditions are not met after review, such as not meeting the issuance standards, the issuing company will be required to adjust the capital increase, reduce the number of issuances, or postpone the issuance. Fourth, after the completion of the issuance of new shares, it is necessary to register the issuance of new shares with the ** management department within a certain period of time, and record it as a reference for the next issuance application.

Legal Analysis: Business License of the Company; Articles of Association; Resolutions of shareholders' meetings; prospectus or other public offering documents; financial and accounting reports; The name and address of the bank collecting the shares.

Legal basis: ** Law of the People's Republic of China Article 13 The company shall submit an application for raising shares and the following documents for public issuance of new shares:

1) The company's business license;

2) Articles of Association;

3) Resolutions of the general meeting of shareholders;

4) Prospectus or other public offering documents;

5) Financial accounting reports;

6) The name and address of the bank that collects the shares of the troublemaker.

Where a sponsor is hired in accordance with the provisions of this Law, a letter of issuance of sponsorship issued by the sponsor shall also be submitted. Where underwriting is carried out in accordance with the provisions of this Law, the name of the underwriting institution and the relevant agreement shall also be submitted.