More than 70 listed companies acted on the same day! Voluntary non-reduction, extension of lock-up period, early termination of the reduction plan
Cai Lian News Agency, October 17 (Reporter Yan Jun) Since the issuance of the "strictest" new regulations in history, voluntary commitments not to reduce holdings, extend the lock-up period, and terminate the reduction plan early have become the choice of a number of listed companies.
On the evening of October 16, more than 70 Shenzhen companies, including Hongda Electronics, Genesis, Zhenxin Technology, CTI Navigation, and Zhenxin Technology, disclosed relevant announcements on shareholders' early termination of the shareholding reduction plan, voluntary commitment not to reduce their holdings and extension of the lock-up period. Among them, 43 companies voluntarily committed shareholders not to reduce their holdings or extend the lock-up period of restricted shares.
On August 27 this year, the China Securities Regulatory Commission (CSRC) issued new requirements for further regulating the reduction of holdings by relevant parties, and although at the beginning of the announcement, there were still individual companies that committed crimes against the wind and reduced their holdings in violation of regulations, but with the passage of time, more and more listed companies have intensively disclosed relevant announcements from being required not to reduce their holdings to voluntarily promising not to reduce their holdings and extending the lock-up period.
According to statistics, since August 28, nearly 100 companies in Shenzhen have issued announcements related to the early termination of the reduction plan, nearly 150 companies have disclosed the announcement of shareholders' voluntary commitment not to reduce their shareholding, and nearly 20 companies have issued announcements of shareholders extending the lock-up period.
In this regard, industry insiders pointed out that this change fully shows the confidence of the "key minority" in the company's development prospects and the recognition of long-term investment value.
More than 70 Shenzhen companies announced the early termination of their shareholding reduction plans and promised not to reduce their holdings
On the evening of October 16, a series of announcements on voluntary non-reduction, extension of lock-up period, and early termination of the reduction plan followed. According to incomplete statistics from CaiLian News Agency, more than 70 listed companies in the Shenzhen market announced that night that they promised to terminate their shareholding reduction plans early, voluntarily promised not to reduce their holdings and extend the lock-up period.
For example, Hongda Electronic announced that based on confidence and value judgment in the company's future development, in order to maintain the stability of the capital market, promote the sustainable, stable and healthy development of the company, and safeguard the interests of the majority of investors, the company's controlling shareholder and actual controller promised not to reduce their holdings of the company's shares within six months.
Genesis, the leader of the CNC machine tool sector, also announced that based on the long-term optimism of the industry and the company's development, the controlling shareholder and its concerted actors promised not to reduce their direct holdings of the company's shares in any form in the next six months.
On the same day, Zhenxin Technology said that the company recently received a notification letter issued by Hu Biao, the company's supervisor, that he had not reduced his holdings in the company, and at the same time decided to terminate the reduction plan early due to personal reasons.
In addition, a number of companies, including Xingrong Environment and CTI Navigation, announced that based on confidence in the company's future development prospects and recognition of long-term investment value, the company's controlling shareholders promised not to reduce their holdings of the company's shares in any way within six months. CTI Navigation said that it hopes to promote the sustainable, stable and healthy development of the company and safeguard the interests of the majority of investors by not reducing their holdings by controlling shareholders and actual controllers.
Regarding the current announcement of the intensive disclosure of the controlling shareholders, actual controllers, directors, supervisors and senior personnel of listed companies voluntarily promising not to reduce their holdings and extend the lock-up period, some insiders pointed out that this fully shows the confidence of the "key minority" in the company's development prospects and the recognition of long-term investment value. Under the comprehensive registration system, the service function of the capital market to the real economy, especially scientific and technological innovation, has been greatly improved, taking ChiNext as an example, the characteristics of "excellent innovation and high growth" have become more distinct, and a number of strategic emerging industries and high-tech enterprises with innovative strengths have been cultivated and strengthened in key areas such as advanced manufacturing, digital economy, green and low-carbon, and a number of innovative growth "backbones" focusing on the main business, adhering to innovation and excellent performance have emerged.
The new rules for the strictest reduction of holdings have achieved remarkable results
On the evening of August 27, the CSRC issued new requirements on further regulating the reduction of holdings by relevant parties, clarifying that if a listed company has a broken or net break, or has not paid cash dividends in the past three years, and the cumulative cash dividend amount is less than 30% of the average annual net profit in the past three years, the controlling shareholder and actual controller shall not reduce their holdings of the company's shares through the secondary market, and guide other listed companies to reasonably arrange the pace of reduction according to the market situation; Encourage controlling shareholders, actual controllers and other shareholders to undertake not to reduce their holdings or extend the lock-up period of shares.
In this regard, the Exchange quickly standardized and guided the reduction of relevant shareholders' shareholding, summarized practical experience, and officially issued the Notice on Further Regulating Matters Related to Share Reduction on September 26, clarifying the standards such as breakdown, net breakage and dividend failure to meet the standard, while clarifying the scope of secondary market reduction and increasing the pre-disclosure of block transaction reduction.
Wanlian Securities Research Report pointed out that the exchange further refines the new regulations for reducing holdings, puts forward higher requirements for the specific implementation of the reduction, strictly supervises the reduction behavior, and restricts the conditions for the reduction, which will help play a certain exemplary role, effectively guide shareholders to reduce their holdings, and protect the capital of the stock market. In addition, strict supervision of the reduction of holdings is expected to promote listed companies to improve profitability, improve their operational efficiency and dividend ability in the long run, and help the overall quality of A-share listed companies to be continuously optimized.
The reporter of CaiLian News Agency combed and found that the new requirements for regulating the reduction of holdings have achieved obvious results. According to incomplete statistics, since August 28, nearly 100 companies in the Shenzhen market have issued announcements related to the early termination of the shareholding reduction plan, nearly 150 companies have voluntarily promised not to reduce their shareholding commitments, and nearly 20 companies have issued announcements that shareholders have extended the lock-up period. For example, Zhifei Biotechnology, Shaanxi Energy, Zhongying Electronics, Mango Super Media, Sanhuan Group, Evergreen Shares, etc.
According to incomplete statistics, since the beginning of this year, nearly 200 companies in the Shenzhen market have issued announcements related to the early termination of the shareholding reduction plan, more than 200 companies have voluntarily promised not to reduce their shareholding commitments, and more than 60 companies have issued announcements that shareholders have extended the lock-up period.
(Cai Lian News Agency reporter Yan Jun)