A-share locked-price private placement market-oriented acceleration, multiple companies "postpone" pricing benchmark date
The A-share private placement market is seeing a shift as at least 35 listed companies are changing their pricing benchmark date for fixed-price private placements. Previously, this date was set as the board resolution announcement date, locking in the price for a period of 36 months. Now, companies are moving this benchmark to the first day of the issuance period, indicating a change in the market ecosystem for these long-term incentive mechanisms. AI