Yuan Yuan additional plan three easy to its draft price is wrong
Source: Internet
Author: User
KeywordsEmergency
In just four months, the Yuan Yuan (002161) has been changed three times by the "wrong belt repair" plan. In this respect, there are investors questioned said: "The company's additional program was changed, delayed the time does not say, the most important thing is that this kind of inefficiency is a little scary." "Plan four days" two change face "announcement, Yuan Yuan March 25 decided in the" last "on the basis of the adjustment plan, again appropriate adjustment. The company's "mouth" of the previous proposal, is actually March 21 only to be approved by the Board of Directors of the revised plan. The program said that the total amount of targeted additional funds deducted from the company has used its own funds in advance of the 23.59 million yuan, adjusted to no more than 794 million yuan. At the same time, combined with the implementation of the company's 2010 profit distribution plan, the number of issued shares will be adjusted to no more than 42 million shares, and the release reserve price adjusted to 18.95 yuan/share. However, a lapse of 4th, the company also decided to revise the third Amendment plan, the original total amount of funds raised 155 million yuan bedding liquidity in the 100 million yuan, instead of raising their own debt financing, and will be issued to reduce the number of 37 million shares. The company said that this can improve the company's net assets yield, optimize the company's financial structure, and better realize the interests of all shareholders, the adjustment of the bill with the approval of the Board without further submission to the General Assembly for consideration. The issue price unexpectedly "wrong" in fact, this is the yuan Wang Valley "A change" of additional plans, in its "just Born" the next day will be found "critical data" error. November 11, 2010, Wang Gu disclosed the targeted additional plans, intended to be no less than 24.72 yuan/share, additional than 34 million shares. The error also comes with it--the price is generally no less than the benchmark date of 20 trading day of the company's stock trading average of 90%, and the price base day is more than the board resolution notice date. In accordance with the relevant provisions, Yuan Yuan's fixed price should be no less than the company's third board of directors at the eighth meeting resolution notice Day (November 11, 2010) The first 20 trading days of the company's stock exchange rate of 90%, that is 24.67 RMB/shares, and the company announced in the plan is 24.72 yuan/share. In addition to this month's "two revisions", Yuan Yuan's plan for the increase has been made three times since the release of the revision. What is the reduction in quantity? "The company to reduce the number and increase the amount of financing, is not in the implementation of additional issues encountered difficulties in the last resort to the downward adjustment?" "An investor in Jiangsu Jingjiang called the Volkswagen Securities journal to express doubts. In response, the reporter yesterday to call Yuan Yuan, securities department, an official explained: "We are only in accordance with the needs of the proposed changes, the program has been reported pending approval, the current progress is normal." "" The company initially to the proposal for higher, so the preparatory part of the Fund to raise funds to replenish liquidity, but in fact, the replenishment of liquidity is not necessary, remove 100 million can allow additional add to reduce some resistance. "A longtime researcher who followed the company told reporters. and a senior market personage thinks: "Yuan yuan share price distance the price difference is not big, this inevitably wants to let some additional objects more hesitant, and the company this cut the financing amount, but did not reduce the investment project, the company or wants to prove oneself to have the ability multi-channel financing from the side, in order to advance the ”
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