Everbright Bank does not have H-share issue plan

Securities Times reporter Shao China Everbright Bank held an online roadshow yesterday, the bank's chairman, Tang Shuangning vice-chairman, said in a question, Everbright Bank issued H-shares, depending on the situation, but recently did not make arrangements in this regard. The Bank's inspection secretary, Chief Audit officer bristling also said that everbright banks in the short term is not ready to conduct IPOs in Hong Kong.　　Tang Shuangning vice-chairman stressed that after the listing Everbright Bank and Everbright Group's securities, insurance, asset management, leasing, futures, funds, investment, industrial and other through linkage to achieve faster development. Bristling also first detailed disclosure of the bank's shareholders lock-time situation. Bristling revealed that Everbright bank shares are locked into two categories, for the issued shares, Huijin and its holdings of China Reinsurance Total holdings of 21.5 billion shares will be locked after the listing of 3 years, and in 2009 seven domestic investors (except in the second) total holdings of 3.7 billion shares will be locked to November 5, 2012, For more than two years, the total holdings of other shareholders hold 8.2 billion lock-up periods of 1 years.　　For this issue of shares, 3 billion shares of strategic placements will be locked for 1 years, the net issued 1.55 billion shares will be locked for 3 months, including green shoes online release part of the lock-up period, but only 2.45 billion shares. Everbright Bank's "A A-share network issue announcement" shows that the Everbright Bank IPO issue introduced a war and green shoes, the two more special mechanisms. The initial issuance scale is 6.1 billion shares, and has 15% of the option of excess placements; the placing of the strategic investors not more than 3 billion shares, accounting for nearly half of the distribution before the green shoes, greatly reducing the pressure on the market funds face.　　There are no more than 1.55 billion shares issued to institutional investors under the net, and the remainder is distributed online. According to CICC's research report, this special distribution structure makes Everbright Bank's listing in three months to one year, the negotiable market value is only more than 10 billion, in the listed bank shares in the circulation market value is the smallest; even after one year of listing, the negotiable market value is only 400 to 50 billion, and other joint-stock banks can circulate market value of more than 80 billion yuan.　　Everbright Bank's smaller circulation market value provides more trading opportunities for the future. A senior fund manager involved in Roadshow said that the first day of Everbright Bank listed only 2.45 billion shares in circulation, listed 3 months to 1 years of circulation stocks only 4 billion shares, the circulation of market capitalisation in the listed joint-stock banks is one of the smallest.　　From this point of view, Everbright Bank future performance may exceed expectations. In addition, this issue introduced the green Shoe mechanism also gave Everbright bank future share price performance of another safeguard. If demand is weak in the future, the main underwriter in the afternoon by the price or below the issue price into the market, to buy the most equal to the number of excess shares, so as to support the performance of stock prices in the two-tier market, to help Everbright Bank's shares from the first tier market to the two level of smooth transition; It is not necessary to support the stock price in the afternoon, the excess allotment of 15% shares can be exercised through the exercise of excessive distribution options, the size of the issuer's financing expanded.