CSRC: allow listed companies to make appropriate adjustments to the supporting financing

category:Finance
 CSRC: allow listed companies to make appropriate adjustments to the supporting financing


Specifically, for the M & A projects that have obtained the approval of administrative license and have not been implemented with supporting financing.

First, after the Listed Company re performs the procedures of the board of directors and the general meeting of shareholders, it can adjust the share price, the number of objects to be issued, the lock-in period of shares, the scale of shares to be issued and so on.

Second, because the CSRCs approval specifies the upper limit of the total amount of supporting financing, the listed company shall not increase the total amount of supporting financing.

Third, the period of validity of the administrative license for merger and reorganization is suspended, and there is no need to change the administrative license after changing the supporting financing plan.

For the M & A projects that have issued the reorganization plan and have not yet obtained the approval.

First, it is proposed to adjust the total amount of funds raised, the price of shares to be issued, the number of objects to be issued, the lock-in period of shares, the scale of shares to be issued and other contents in the supporting financing plan. After the board of directors is reconvened, it shall be submitted to the general meeting of shareholders for deliberation, and it is not necessary to re determine the pricing benchmark date for the part of shares to be issued to purchase assets.

Second, if it is proposed to change the determination method of the pricing base date in the supporting financing plan to one of the announcement date of the resolution of the board of directors, the announcement date of the resolution of the general meeting of shareholders or the first day of the issuance period, the issuing object shall meet the specified conditions and be determined completely before the resolution of the board of directors, and the deliberation procedures of the board of directors and the general meeting of shareholders shall be performed again, and the pricing base date of the asset purchase of the issued shares shall be renewed Determine.

Third, in case of new supporting financing, the procedures of the board of directors and the general meeting of shareholders need to be performed again, and the pricing base date of the asset purchase by issuing shares needs to be determined again.

If the supporting financing involves directional convertible bonds, the above standards shall be followed. The person in charge said.