Multiple listed companies adjust their lock price and incrementally financing plan. The benchmark date is changed to the first day of the issue period.
According to statistics from journalists, recently, including * ST Baigang, Jinmei Technology, Jifeng Technology, International Industry, Wanzhuan Electric and other listed companies have announced adjustments to the pricing basis of their additional fundraising plans, changing the pricing benchmark date from the "announcement date of the board of directors' resolution" to the "first day of the issuance period", switching from the original locked price issuance to a pricing model closer to the secondary market stock price during the issuance period. In response to this change, market participants believe that from the disclosure of the board of directors' preliminary proposal to the formal issuance of additional shares, there is often a gap of several months or even longer, during which the secondary market stock price may experience significant fluctuations. Using the "first day of the issuance period" pricing model can effectively reduce arbitrage opportunities, aligning with the marketization of regulatory guidance on refinancing.
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