Zijin Mining issued A shares A shares opened 0.1 per precedent

According to Xinhua News Agency, Beijing, April 7 - Gold industry leaders Zijin Mining Group Co., Ltd. announced on the 7th A share prospectus, to be not more than 15 million shares issued A shares. The offering of the company's A shares, par value per share of 0.1 yuan, which is in the A share offering in the history of the first.

Zijin Mining is the first overseas-listed gold producer, led principally engaged in gold mining industry, mineral resources, pollution of those toxic and mineral sales.

The company issued shares for the face value of 0.1 yuan per share, with the Shanghai and Shenzhen listed companies are 1 per share par value is different on this issue, industry experts believe that the issue of compliance with the law. Company Law stipulates that the 128th, the Company shall not be less than the par value (face value) the price of outstanding shares, issued at a discount that is not allowed, but must face value of 1 per requirement.

Experts pointed out that, in fact, only a nominal value of the stock units, multiplied with the face value, the number can be converted into equity shares of the number. Measure of shareholder control in the company (including voting rights) size, mainly depends on the number of shares and the resulting equity ratio has nothing to do with the stock face value. For investors, an 0.1 yuan face value of the stock, and an 1 per share par value is exactly the same, investors should be concerned about the major share of its net assets, earnings per share, compared with the price per share, and then make investment decisions without having to care about what share of net assets account for much of the share capital.