A total of 435 companies listed on China's Shanghai and Shenzhen bourses have unveiled or made private placement schemes since the beginning of this year, among which, 99 saw their stock price fell below the prices they offered for the private placements by Tuesday, accounting for 22.5 percent of the total.
According to the statistics released by Wind Info., 20 listed companies saw their stock prices fall 10 percent below the private placement issue prices, and 29 ones' stock prices fell more than 30 percent from their issue prices.
Even more, six of the 99 listed firms' share prices have fallen more than 50 percent from their issue prices.
From June 12 to November 3, the benchmark Shanghai Composite Index sank 35.8 percent, and the ChiNext Index plunged 39 percent.
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