The second batch of pilot companies to escape the "q"

And the first four pilot companies compared with the second batch of pilot of 42 companies is clearly much more complicated, and how to properly deal with these issues has become the second batch of pilot enterprises.

Public placement of the particular circumstances of corporate shares how to solve?

This participation in the second batch of pilot of Shanghai Oriental Pearl, shenneng in company shares, Hongsheng technology companies in the parts of the non-trading stock rather exceptional. In 1992, the three companies in offering the public unit, but also to social public offering of a legal share of the issuing price, are the premium release.

Three companies of public equity corporate shares shareholders do not want to pay to the circulation of the shareholders on the price, because their stock costs are much higher than other non-circulation of shareholders. How to contact the non-trading stock shareholder communication, as the above three companies need to address the challenges.

Cross-shareholding?

Industry noted that cross-shareholdings in listed companies is a more general phenomenon, when a company is determined to share-trading reform, if the company's intention to reform the non-trading stock shareholders in listed companies, the shares of listed companies should in the first disclosure of the matter, if not, you can apply for the stock.

But in fact, not all similar companies are doing. CITIC Securities of the second batch of pilot Corporation, its second largest shareholder, holding 2 to youngor million non-flow unit, youngor did not immediately notice the company stock is not suspended.

Shareholders how to deal with the "missing"?

The first batch of pilot company's non-trading stock shareholders more concentrated and easy to reach for the share-trading reform, consistent intention, but the second batch of pilot company, part of the enterprise's non-trading stock shareholders very decentralized, some even can't be contacted, to pilot actions of the company created a serious inconvenience. Controlling shareholders for expression reform force intentions seem inappropriate.

Sponsor has no double identity?

Public information displays, as at 31 March 2005, transfer of shares of the largest circulation of shareholders for the Eastern stock, kingfa's second largest circulation shareholders as guangfa securities, and Oriental securities, guangfa securities as transmission of shares and share-trading reform kingfa's sponsor.

The Eastern stock and have probably already secrities shorting a stock, but if you still hold, their dual role will not affect the impartial discharge sponsor duties?

Shareholder's equity is "defective" How do I get authorised?

And the first batch of pilot Corporation, the second batch of pilot company has five company shareholder equity exists pledge or frozen. Four of the companies on the relevant solutions. But can the final commitments related to commitment, commitment to the circulation of shareholder approval, have yet to test the market.

Employee shares will be offered on price?

In the second batch of pilot enterprises in the chemical industry is the only West to employee shares will be made to the price of listed companies. Pilot initiatives in Western chemical containing employee shares of listed companies in future phases of the reform programme provides the reference basis for diversified shareholding structure of companies seeking equity division reform programme was active exploration.

Major shareholders accounting for paragraph would be solved?

In the second batch of pilot company, Zhengzhou coal electricity presents a combination of equity division reform for the resolution of the shareholders ' share of the programme. Concern is, Zhengzhou coal electricity accounted for the resolution of the shareholders of the way and not very innovative, but it is made for big shareholder accounts, this universal phenomenon in the share-trading reform, should be addressed.