China Telecom's stock lottery means that in some cases, because the market demand is too high to meet the subscription needs of all investors, it distributes shares by lottery. This way is fair and just, avoiding malicious speculation and insider trading.
Two, China Telecom stock lottery rules.
1. Lottery object
China Telecom shares draw lots for all investors who meet the subscription conditions, including individual investors and institutional investors.
It's time to draw lots.
The time for drawing lots for China Telecom shares shall be determined by the issuer, and investors shall submit subscription applications within the specified time.
3. The result of the lottery was announced.
China Telecom's stock lottery results are announced by the issuer, and investors can learn about the lottery results through the issuer official website or other media.
4. Stock distribution
According to the lottery results, the issuer distributes the shares to the winners. If there are any remaining shares, they will be distributed to the winners according to the prescribed proportion.
Three, China Telecom stock lottery method.
China Telecom adopts computer random lottery to ensure the randomness and fairness of the lottery results. The specific lottery process is as follows
1. Investors submit subscription applications;
2. After the issuer receives the subscription application, it inputs the investor information into the computer system;
3. The system randomly selects winners from all buyers according to the set random algorithm;
4. The issuer announces the lottery results and distributes the shares to the winners.
Fourth, matters needing attention
1. Investors should carefully read the rules and methods of lottery to ensure that they meet the subscription conditions;
2. Investors should submit the subscription application within the specified time, otherwise they cannot participate in the lottery;
3. Investors should keep enough funds in the subscription account to pay the subscription fee;
4. Investors should pay attention to the announcement time of the lottery results and inquire about the lottery results in time.
In a word, China Telecom's stock lottery is a fair and just way of stock distribution, which provides investors with more investment opportunities. Before participating in the lottery, investors should carefully read the rules and methods of the lottery to ensure that they meet the purchase conditions, pay attention to the announcement time of the lottery results, and inquire about the lottery results in time.