The most popular XCMG machinery can kill two birds

2022-08-02
  • Detail

XCMG machinery: before the issuance of H-shares, high delivery and transfer can kill two birds with one stone

XCMG machinery: before the issuance of H-shares, high delivery and transfer can kill two birds with one stone

China Construction Machinery Information

guide to expand and strengthen the manufacturing of industrial products: XCMG machinery launched a high delivery and transfer scheme while announcing the issuance of H-shares, which is the same as the previous routine of Zoomlion. Investment bankers believe that using "partners" to activate A-share listed companies of various steel trade service providers to go public in Hong Kong, in addition to maintaining the A-share price, expanding the A-share capital is also an important reason. These two factors will together determine the H-share

XCMG Machinery Co., Ltd. announced the issuance of H shares and launched the high delivery and transfer scheme, which is the same as the previous routine of Zoomlion. Investment bankers believe that, in addition to maintaining the price of a shares, increasing the share capital of a shares is also an important reason for A-share listed companies to issue high value shares before listing in Hong Kong. These two factors will together determine the financing scale of H-share issuance

for the habitual generosity of listed companies before listing in Hong Kong, most people understand it as intended to maintain the A-share price, in order to obtain a higher issue price when issuing H-shares according to the investigation of relevant associations. "The company's share price will generally go up after the high transfer, and it is easy to pay a good price for the additional issue. The listing of H shares is a new issue, and its pricing can refer to the secondary market price of a shares." Shenzhen, an investment bank staff told

a careful analysis of the H-share issuance plans of XCMG machinery and Zoomlion shows that listed companies are keen on high transfer before issuing H-shares, and the more important significance is to expand their share capital. The number of H shares issued by XCMG this time is no more than 20% of the total share capital of the company after the issuance. Previously, Zoomlion issued H shares. The establishment of the alliance has no more than 15% of the total share capital of the company after the issuance. The number of H shares issued by the two companies is greatly related to their total share capital. The above-mentioned investment banker said: "while stimulating the price of a shares, high transfer can also increase the company's total share capital. These two factors together determine the amount of financing for the issuance of H shares. The price of a shares may be difficult to control, but the expansion of share capital is certain."

however, not all A-share companies implement high transfer before issuing H-shares. For example, before the listing of H shares of Minsheng Bank, China Pacific Insurance and other companies, there was no high transfer scheme. Therefore, it is still impossible to predict whether some A-share companies that have announced their H-share listing plans will also carry out high transfer

another investment banker in Guangdong said: "dividend payment by listed companies before H-share listing can improve investors' recognition of listed companies and increase the probability that the general meeting of shareholders will approve the H-share issuance plan. I think this is a correct action."

Copyright © 2011 JIN SHI