Each subscription unit of the Shanghai Stock Exchange is 65,438+0,000 shares, and the number of subscriptions is not less than 65,438+0,000 shares. The number of shares exceeding 65,438+0,000 shares must be an integer multiple of 65,438+0,000 shares. The subscription unit in Shenzhen Stock Exchange is 500 shares, and the subscription number of each securities account is not less than 500 shares. The number of shares exceeding 500 must be an integer multiple of 500 shares. Each valid subscription unit corresponds to a distribution number. The subscription time is from 9: 30am to11:30am and from1:00pm to 3: 00pm on the issue date.
How to use funds to shake new shares
Suppose Zhang San has 500,000 cash in his account, and he wants to participate in the subscription of new shares called "×××××". The subscription procedure is as follows:
1, subscribe
XX shares will be issued on the Shanghai Stock Exchange on June 1 at the issue price of 5 yuan/share. On June 1 day (T-day), Zhang San can use this 500,000 yuan to buy up to 654.38+10,000 shares of XX through the entrustment system from 9: 30 am to1:30 am or 1 ~ 3 pm. The funds participating in the subscription will be frozen.
Step 2 match the number
On the second day after the subscription date (T+2), the Shanghai Stock Exchange will place new shares according to the effective subscription amount:
(1) If the effective subscription amount is less than or equal to the online circulation, there is no need to draw lots. The matching numbers are all lottery numbers, and investors subscribe for shares according to the effective subscription amount;
(2) If the number of subscriptions is greater than the online circulation, the effective subscription winning numbers shall be determined by drawing lots, and each winning number shall subscribe for a new subscription unit share. Subscriptions often exceed circulation.
Step 3 win the lottery
The winning rate will be announced on the third day (T+3 days) after the subscription date, and the winning result will be confirmed by the lead underwriter according to the total allocation number. The winning result will be announced in the designated media on the first trading day (T+4 days) after the lottery. Each winning number can subscribe for 1000 new shares.
4. Unfreeze funds
On the fourth day (T+4) after the subscription date, unfreeze the unsuccessful subscription. If Zhang San wins 1 1,000 shares, then 495,000 yuan will be returned to the account. If he doesn't win the lottery, all 500 thousand will be returned.
Second, how long should the subscription funds be frozen?
According to the relevant regulations of the Exchange, in the subscription of new shares, investors' subscription funds will be returned to the fund account of their securities firm on T+4, that is, investors can use the funds on the fourth trading day after the subscription of new shares.
If Saturday and Sunday are holidays, it will be delayed for a day or two before thawing. If a stock starts to subscribe on Friday, March 20th, the shareholders' funds will not be used until March 26th.
Supplementary Annex: Complete Announcement of Issuing New Shares
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Announcement on the subscription and issuance of A-share initial public offering online funds by Jinyi Industrial Co., Ltd.
[] Source: 2007-01-105: 39 Font: BBS blog.
Sponsor (lead underwriter): Huatai Securities Co., Ltd.
Important tips
1. The application of Jinyi Industrial Co., Ltd. (hereinafter referred to as "Jinyi Industrial" or "Issuer") to issue an initial public offering of no more than 280 million RMB ordinary shares (A shares) (hereinafter referred to as "this offering") has been approved by the China Securities Regulatory Commission. The shares issued this time are intended to be listed on the Shanghai Stock Exchange.
2. This issuance adopts the methods of "offline inquiry and placement to the inquiry object" (hereinafter referred to as "offline placement") and online fund subscription and issuance (hereinafter referred to as "online issuance").
3. The number of shares finally issued this time is 265,438+0,000,000 shares, accounting for 28.44% of the total issued share capital. Among them, the offline placement does not exceed 42 million shares, accounting for about 20.00% of the issuance scale; The number of online issuance is the number of this issuance minus the final offline circulation (determined according to the cumulative offline bidding results), accounting for about 80.00% of the issuance scale.
4. The price range of this issue is 3.90 yuan/share -4.26 yuan/share (including the upper and lower limits). Since the issue price has not been determined at the time of online issuance, investors who participate in online fund subscription must purchase according to the upper limit of the issue price range of 4.26 yuan/share. If the final issue price is lower than the upper limit of the price range of 4.26 yuan/share, the difference will be returned to investors on June 65438+1October 18, 2007 (T+4) together with the unsuccessful online subscription.
5. The number of entrusted subscriptions for a single securities account participating in online issuance shall not be less than 654.38+0,000 shares, and the number exceeding 65.438+0,000 shares shall be an integer multiple of 654.38+0,000 shares, but shall not exceed 99.999 million shares. Except for institutional securities accounts stipulated by laws and regulations, each securities account can only be subscribed once, and repeated subscription and subscription with false funds are regarded as invalid subscription. Except that the initial subscription is valid, repeated subscriptions are automatically eliminated by the trading system of Shanghai Stock Exchange. The cumulative number of shares subscribed by each household in the institutional securities account as stipulated by laws and regulations cannot exceed1680,000 shares.
6. The online issuance date is 65438+20071October 12 (T day), and the subscription time is the normal trading hours of the SSE (9: 30am to 165438+ 0: 30pm,13: 00pm). Subscription referred to as "Jinyi Subscription"; The subscription code is "780002".
7. This online offering does not charge commission and stamp duty to investors.
8. This announcement is only applicable to this online issuance. For details of offline placement, please refer to the Announcement on Offline Issuance of A Shares of Jinyi Industrial Co., Ltd. published in china securities journal, shanghai securities news and Securities Times on June 65438+1October 65438+1October 0, 2007.
9. For investors to know the general situation of this offering, please read the Summary of Letter of Intent for Initial Public Offering (A-share) of Jinyi Industrial Co., Ltd. published in china securities journal, shanghai securities news and Securities Times on February 28th, 2006. The full text of the letter of intent and documents for reference can be found on the website of Shanghai Stock Exchange (www.sse.com.cn).
translate freely
Unless otherwise specified, the following abbreviations have the following meanings in this announcement:
I. Basic information about this offering
1, stock type
The shares issued this time are domestic listed RMB ordinary shares (A shares) with a par value of 1.00 yuan per share.
2. Number and structure of issues
The final number of shares issued this time is 265,438+0,000,000 shares, accounting for 28.44% of the total issued share capital. Among them, the offline placement does not exceed 42 million shares, accounting for about 20.00% of the issuance scale; The number of online issuance is the number of this issuance minus the final offline circulation (determined according to the cumulative offline bidding results), accounting for about 80.00% of the issuance scale.
Step 3 buy the price
The issue price range of this issue is 3.90 yuan/share -4.26 yuan/share (including the upper and lower limits). Investors who subscribe for online funds must subscribe according to the upper limit of the issue price range (4.26 yuan/share). The price-earnings ratio range corresponding to this issue price range is:
15.54 times-16.97 times (earnings per share is calculated by dividing the lower net profit before and after deducting non-recurring gains and losses audited by accounting firms in 2005 by the total share capital before this issuance).
2 1.7 1 -23.72 times (earnings per share is calculated by dividing the lower net profit before and after deducting non-recurring gains and losses audited by accounting firms in 2005 by the total share capital after this issuance).
4. Online distribution target
Natural persons, legal persons and other institutions holding SSE stock account cards (except other regulatory requirements prohibited by laws and regulations of People's Republic of China (PRC) and China and which issuers must comply with). The securities proprietary account of the sponsor institution (lead underwriter) of this issuance shall not participate in the subscription of this issuance.
5. Time of purchase