Everbright Bank's existing shareholder lock-up period is long

Source: Internet
Author: User
August 10 Evening News in the successful conclusion of the Everbright Bank Online Roadshow, Everbright Bank executives Qi Qi debut, and the vast number of investors in the network "intimate contact", not only described the Everbright Bank a better blueprint for development, and investors concerned about various issues of the patient and meticulous answer, the market response is very enthusiastic. Future performance is one of the most concerned issues in the market for Everbright Bank's a-share issue.  In this respect, a person close to the issue has said that Everbright Bank of the public offering not only "green shoes" escort, its shareholders lock the regular situation is also commendable, the bank listed after the circulation market value is small, future performance is expected to be strong support. Prior to the release of the Everbright Bank, "A-share network issued a notice," the initial issue of the Everbright Bank 6.1 billion shares, the full green shoes issued after the scale of 7 billion shares.  Among them, the strategic placement of not more than 3 billion shares, about the exercise of green shoes before the scale of the distribution of half, before the start of the callback mechanism, the network issued no more than 1.55 billion shares; Everbright Bank in charge of the listing of the party committee Deputy secretary of the Lu Yanzhong on the Internet, Everbright Bank under the network issued under the 1.55 billion lock-up period of 3 months, the strategic placement of the 3 billion-share lock-up period of 12 months.  As a result, Everbright Bank is expected to be listed in the three-month circulation of only 2.45 billion shares (including green shoes), three months to one year in the circulation of only 4 billion shares (including green shoes), if the issue price interval limit of 3.1 yuan/share calculation, the circulation market value of only 12.4 billion yuan, will be listed banks in the circulation of the market value of one of the smallest. Since the existing shareholder's lock is regular longer, even after one year of listing, Everbright Bank's majority stake is still in the lock-up period. Huijin and its holding of China Reinsurance holdings of about 21.5 billion shares will be locked for 3 years, in 2009, domestic investors (except China Reinsurance) held about 3.7 billion shares will be locked for more than 2 years, lock regularly until November 5, 2012 , and the release of a year after the lifting of Everbright Bank of the other old shareholders held a share of about 8.2 billion shares also includes Everbright Group and Everbright Holdings of about 3.9 billion shares, so the current issued shares in the market after a year of real circulation of only about 4.3 billion shares.  Everbright Bank is expected to list a year after the circulation market value of about 50 billion yuan, the listed national joint-stock bank's average circulation market value has nearly 70 billion yuan, Everbright Bank's circulation market value is still at a low level. An institutional investor said, "Everbright Bank after the listing of the circulation market value is very small, coupled with its future profitability of the high growth, the outlook is expected to be hot, if the prospective opportunity is expected to have a good return." "From the valuation level, the current valuation level of banks has been low, a-share bank plate has long-term investment value, and Everbright Bank's own unique distribution structure and the existing shareholders longer lock on a regular basis to provide investors with more trading opportunities, Everbright Bank's future performance is worth looking forward to."

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