公司本次优先股发行全部为向特定对象发行，不能上市交易，将在深圳证券交易所指定的交易平台进行 转让，本次拟发行的优先股总数不超过 8200 万股，预计募集资金不超过82亿元。本次发行保荐机构为 中信建投证券股份有限公司、招商证券股份有限公司。（数据宝） （文章来源：证券时报网） 9月30日，招商蛇口(001979)向特定对象发行优先股申请获深交所受理。 ...

来源：锋行链盟 伦敦证券交易所（LSE）作为全球领先的金融中心之一，其上市公司再融资工具丰富多样，既涵盖传统股权、债权融资，也包 括混合工具及创新品种。以下从主要再融资方式和核心要点两方面展开分析： 一、伦敦证券交易所上市公司主要再融资方式 LSE上市公司可根据自身需求、市场环境及板块特性（如主板Main Market、另类投资市场AIM）选择合适的再融资工具，主要 包括以下三类： （一）股权融资工具 股权融资是LSE上市公司最常用的再融资方式，核心是通过发行新股募集资金，常见形式包括： 配股（Placing） 定义：向特定机构投资者（如基金、保险公司）或高净值个人定向发行新股，不向公众广泛募集。 特点：流程灵活、耗时短（通常2-4周），无需准备完整招股书（仅需简短披露文件）；但依赖投资者关系，可能稀释现有股东 权益。 适用场景：主板及AIM公司均常用，尤其适合需要快速融资或股东结构集中的企业。 公开发行（Open Offer） 适用场景：大型主板公司，尤其适合需要大规模融资且重视股东权益的企业。 私募（Private Placement） 定义：向少数合格投资者（如主权基金、家族办公室）非公开发行新股，无需 ...

根据公告内容，本次发行的募集资金将主要用于公司"保交楼、保民生"房地产项目的建设，包括广州林 屿院项目、深圳会展湾雍境名邸项目、北京亦序佳苑项目等11个项目，涉及总投资金额达456.7亿元。 这些项目均位于核心城市，符合公司的业务发展方向和国家产业政策，预计将为公司带来稳定的收益。 截至9月23日，招商蛇口本次优先股发行联席保荐人（联席主承销商）中信建投证券和招商证券及其重 要关联方持有公司部分股份：中信建投证券通过证券自营、资产管理等账户持有发行人共计 1066857 股，持股比例为0.01%；招商证券通过自营业务股票账户、信用融券专户和资产管理业务股票账户共持 有招商蛇口 A 股股票448000股；招商证券重要子公司（包括招商致远资本投资有限公司、招商证券国 际有限公司）共持有招商蛇口 A 股股票4634372股。 9月30日，招商蛇口（001969.SZ）披露了向特定对象发行优先股的募集说明书，公司计划发行不超过 8200万股优先股，募集资金总额不超过82亿元，用于支持公司业务发展。 公告显示，本次发行的优先股为附单次跳息安排的固定股息率、可累积、不设回售条款、不可转换的优 先股。发行对象为不超过200 ...

Group 1 - The core viewpoint of the article is that Hong Kong listed companies have a diverse range of refinancing methods, categorized into equity financing, hybrid financing, and debt financing [2][8] Group 2 - Equity financing involves issuing new shares directly to investors, which dilutes existing shareholders' equity. The methods include placing, rights issue, and private placement [2][3] - Hybrid financing combines debt and equity characteristics, balancing financing costs and equity dilution. It includes convertible bonds, which allow for flexible issuance and can avoid large-scale dilution if the issuance is small [3][5] - Debt financing raises funds in the form of liabilities, with some instruments counting as equity. This includes perpetual bonds and warrants, which can provide long-term funding without affecting control [5][6] Group 3 - The choice of refinancing method in Hong Kong must comply with the Listing Rules and consider the company's financial status, development stage, and shareholder interests [8] - Companies facing urgent funding needs may opt for placing or rights issues for quick access to capital, while those looking to minimize equity dilution might choose convertible bonds or perpetual bonds [9]

Core Viewpoint - The company plans to issue preferred shares to raise up to 8.2 billion yuan for real estate projects focused on ensuring housing delivery and supporting livelihoods, with no participation from major shareholders or related parties in the subscription [1][2]. Group 1: Fundraising and Financial Impact - The preferred shares will have a fixed dividend rate, be cumulative, and will not be convertible into common stock, thus avoiding dilution of existing shareholders' equity [2]. - The issuance is expected to increase the company's net assets by 2.94% and reduce the debt-to-asset ratio by 0.64 percentage points [2]. - The net proceeds from the fundraising will be allocated to 11 projects, with 8 located in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, aligning with the company's performance strategy [2]. Group 2: Sales Performance - In the first half of the year, the company achieved a signed sales area of 3.35 million square meters and a sales amount of 88.89 billion yuan, maintaining the fourth position in the industry [3]. - For the first eight months of the year, the cumulative signed sales amount reached 124.01 billion yuan [3]. Group 3: Market Context and Policy Support - The fundraising initiative coincides with supportive policies from the Shenzhen government aimed at stabilizing the real estate market [4]. - Recent policy adjustments in Shenzhen include optimizing purchase restrictions and credit conditions, which are expected to enhance market expectations and stabilize prices [5].

Core Viewpoint - The company plans to issue preferred shares to raise up to 8.2 billion yuan, aiming to enhance its capital structure and support the real estate market recovery while providing value returns to investors [1][2]. Group 1: Financing Details - The preferred shares will be issued to no more than 200 market investors, with a total fundraising target of up to 8.2 billion yuan [1]. - The issuance of preferred shares is a novel financing tool for the real estate sector, reflecting the company's strategic decision-making and experience in capital operations [1][2]. - Preferred shareholders will receive fixed dividends and will not participate in the distribution of residual profits, ensuring that ordinary shareholders can benefit from the company's performance recovery during the industry's stabilization [2]. Group 2: Financial Impact - The issuance is expected to increase the company's net assets by 2.94% and reduce the debt-to-asset ratio by 0.64 percentage points, significantly optimizing the capital structure [3]. - The raised funds will be allocated to 11 real estate development projects in core first- and second-tier cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, enhancing the company's market share and profitability in these regions [3]. Group 3: Performance Overview - The company reported a revenue of 51.485 billion yuan in the first half of the year, a year-on-year increase of 0.41%, and a net profit of 1.448 billion yuan, up 2.18% [4]. - In the first eight months of the year, the company achieved a cumulative contracted sales amount of 124 billion yuan [4].

Core Viewpoint - China Merchants Shekou (001979.SZ) announced a plan to issue preferred shares to specific investors, aiming to raise up to 820 million RMB for real estate project construction focused on "ensuring housing delivery and safeguarding people's livelihoods" [1] Group 1: Issuance Details - The preferred shares will be issued to no more than 200 qualified investors, in accordance with the "Pilot Management Measures for Preferred Shares" and other legal regulations [1] - The company will not arrange for preferential allocation to existing shareholders, and the controlling shareholder or related parties will not participate in the subscription for these preferred shares [1] - The total number of preferred shares to be issued will not exceed 82 million shares, with the exact amount to be determined by the board of directors based on regulatory requirements and market conditions [1] Group 2: Fund Utilization - The funds raised will be used for the construction of real estate projects aimed at ensuring housing delivery and safeguarding people's livelihoods, after deducting issuance costs [1]

Core Viewpoint - Shanghai Bank plans to fully redeem its 2 billion shares of preferred stock issued in December 2017, amounting to 20 billion RMB, on December 19, 2025, following approval from the Shanghai Regulatory Bureau of the National Financial Supervisory Administration [1] Group 1 - The company issued 2 billion shares of preferred stock in December 2017, with a total issuance scale of 20 billion RMB [1] - The board of directors approved the redemption of the preferred stock on July 22, 2025 [1] - The company received no objections from the regulatory authority regarding the redemption of the preferred stock [1]

Core Viewpoint - Shanghai Bank plans to fully redeem its 2 billion shares of preferred stock issued in December 2017, amounting to 20 billion RMB, on December 19, 2025, pending approval from the Shanghai Regulatory Bureau of the National Financial Supervisory Administration [1] Group 1 - The board of directors approved the redemption proposal for the preferred stock on July 22, 2025 [1] - The company has received a response from the Shanghai Regulatory Bureau indicating no objections to the redemption [1] - The company will proceed with necessary regulatory procedures and will announce further details in due course [1]

Group 1 - Metaplanet has received shareholder approval to raise up to 555 billion yen (approximately 3.8 billion USD) through the issuance of preferred shares after a significant drop in stock price [1] - The company aims to increase its Bitcoin reserves from approximately 20,000 to 100,000 by the end of 2026, and further to 210,000 by the end of 2027 [1] - Metaplanet has raised over 242 billion yen this year through a moving strike warrant agreement with Evo Fund, specifically for Bitcoin purchases [1] Group 2 - Metaplanet's stock price has decreased by 56% since its peak on June 16, following a 445% increase in early 2025 [2] - The company's market capitalization is currently about twice the value of its Bitcoin holdings, down from a peak where it was eight times the value [2] - Eric Trump, a strategic advisor for Metaplanet, attended a special shareholder meeting and spoke to attendees [2]