What Are The Differences Between Rights Issue And Issuance?

Differences between rights issue and issuance

Market abbreviation "

"And" issuance "are collectively referred to as listed companies to issue new shares to the public, and the allotment of shares to the original shareholders is called" allotment of shares ". The sale of shares to all the public is called" issuance of new shares ", and investors subscribe for new shares in cash and share the same price.

Its issuing procedures are: preparation of "rights issue" or "

The board of directors of a listed company hired a broker as the lead underwriter, and the lead underwriter agreed with the board of directors on the issuance plan according to the provisions of the new stock exchange and the due diligence investigation of the company on the basis of the terms of the new stock issuance and the matters that the principal underwriter focused on, according to the regulations issued by the China Securities Regulatory Commission in March 29, 2001, and agreed to recommend the new issue to the CSRC.

The Board meets the requirements for the issuance of the issue and the specific distribution plan.

A resolution is made on the feasibility of the use and the use of the previous raised funds, and the approval of the shareholders' meeting is submitted. The shareholders' meeting shall vote on matters such as the quantity, pricing method or price (including price range), the object of issue, the purpose and amount of the funds raised, the validity of the resolution, the authorization of the Council to handle the specific issue of this issue, etc., and submit the application document to the China Securities Regulatory Commission after the application. The issuance examination committee shall examine the application of the company's IPO according to law, and the CSRC shall make a decision on approval or disapproval according to the audit opinion of the issuance examination committee.

The company that is allowed to issue shares announcements the rights issue instructions at least 5 working days before the date of stock registration.

The price of a company allowed to be issued can be determined.

Before the price is issued to investors, the issuing price is determined according to the investor's subscription intention, and the result of the announcement is announced after the issue price is determined.