ICBC allotment rate is over 99.7%

ICBC (601398. SH) today announced the final issue of its A shares allotment, and will be a duplicate today.　　Industry insiders believe that if ICBC out of the market today, it is likely to lead the bank shares to suppress the market. The announcement shows that the share allotment rate is as high as 99.72%, that is, the number of effective subscription shares can be allocated a share of the total share of 99.72%. This means that the share rights issue was successful. The announcement shows that before the implementation of the rights issue, ICBC A-share shareholder total stock of 250.9 billion shares.　　According to ICBC before the announcement, according to the price of 2.99 yuan per share, to 10 shares placing 0.45 shares of the share allotment, which means that the ICBC A shares of the total number of shares can reach 11.29 billion.　　ICBC 2.99 yuan per share of the stock price than the November 10 a-share closing 4.74 yuan discount 36.92%, more than the November 10 closing price of the H-shares of 6.63 Hong Kong dollar discount to 47.36%, the strength of the discount is greater than BOC and CCB rights. Yesterday, the announcement showed that as of the end of the subscription payment, A shares of effective subscription volume of 11.26 billion shares, the subscription amount of 33.67 billion yuan, accounting for the shares of the total share of 11.29 billion shares of 99.72%.　　This ratio is more than the share of the shares of the total number of 70%, so the share rights issue. According to the schedule, ICBC will be a duplicate today. On November 15, that is, ICBC shares on the equity registration day, ICBC stock in large single frequently buy pull the tail, the last close at 5 yuan, the stock price rose 6.84%.　　By contrast, the Shanghai-Shenzhen 300 index rose just 0.7%. ICBC suspension period, a A-share situation plummeted, bank shares are frequently led down, in addition, ICBC H shares during this period also showed a certain degree of decline.　　In this context, ICBC's performance today will become the focus of the market attention. At the same time, ICBC also issued a notice that the adjustment of ICBC transfer debt to share prices, that is, the adjustment of 4.2 yuan/unit adjusted to 4.16 yuan/share, the adjustment start date is November 26, 2010. Prior to that, ICBC on August 31, 2010, issued a total value of 25 billion yuan A-share convertible bond.　　According to ICBC's a-share issuance prospectus, ICBC transfer bonds, when ICBC due to issue new shares or share rights to change the shares, will be in accordance with the agreed formula for the corresponding adjustment of the stock price. Oriental Securities and banking analyst Jinlin, ICBC, the completion of a rights issue, the estimated core capital adequacy rate increased by 0.77%, if combined with the previous 25 billion convertible bonds, ICBC's core capital adequacy ratio rose 1.2%.