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Monday, August 28, 2000, updated at 09:31(GMT+8)
Business  

Companies Earn Numerous Profits on Account

According to Panorama statistics, in the IPO corporate placements since the second half year to June this year, although most of the anticipating companies haven't sold their stocks placed, they earned numerous account profits.

According to statistics, of the 29 new stocks that adopts corporate placement in the IPO from Shougang Co., to Mindong Electric Power, 20 new stocks were placed to listed companies. Totally there were 61 listed companies that took part in the corporate placement of the 20 new stocks, with accumulative placements up to 109. Shanghai Jinling gained placements from 7 new stocks, and Shanghai Automotive also gained placements from 6 new stocks.

Although the new stocks held by most of the listed companies are still non-negotiable, they earned numerous account profits. The account income rate of single new stock placed was as high as 255.37%, and the lowest income rate was 27.48%, with the average income rate topped 140%.




In This Section
 

According to Panorama statistics, in the IPO corporate placements since the second half year to June this year, although most of the anticipating companies haven't sold their stocks placed, they earned numerous account profits.

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