询价转让

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上市公司询价转让成私募套利新方向,这几家百亿私募现身了
Xin Lang Cai Jing· 2025-07-18 04:05
Group 1 - The core viewpoint of the article highlights the increasing popularity of inquiry transfer among A-share listed companies in 2023, with a significant rise in the number of announcements and transactions [1][2] - As of July 17, 2023, 67 listed companies have announced 71 inquiry transfers, marking a notable increase compared to previous years since the system's pilot launch in August 2020 [1][2] - The inquiry transfer system officially launched on the ChiNext board in May 2024, contributing to the surge in inquiry transfer cases this year [2] Group 2 - Inquiry transfers allow shareholders of listed companies to transfer shares before the initial public offering through market-based pricing, which helps mitigate the impact of large sell-offs on secondary market prices [2][7] - Private equity firms are significant participants in inquiry transfers, often acquiring shares at a discount compared to market prices, providing an efficient way to build large positions [2][4] - As of July 17, 2023, 12 private equity firms have participated in inquiry transfers at least 10 times this year, with many managing over 2 billion yuan [4][5] Group 3 - Lingding Investment is the most active private equity firm, appearing in the transfer lists of 47 companies, with notable transactions in companies like Guibao Pet and Jimi Technology [5][6] - Other prominent private equity firms include Shengquan Hengyuan and Jinde Private Equity, both managing over 10 billion yuan and frequently participating in inquiry transfers [6][7] - The inquiry transfer process requires a minimum transfer of 1% of the total shares, with a six-month lock-up period for the acquired shares, favoring larger private equity firms with sufficient capital [7]
创业板首单!券商、公募、私募,全都来了!
券商中国· 2025-04-23 01:21
询价转让在创业板终于有了首单案例。 4月22日,创业板上市公司安培龙发布了股东询价转让定价情况的公告。本次初步确定的转让价格为 70.89元/股,收到有效报价单7份,涵盖公募、券商、私募等专业机构投资者。 4月22日,安培龙发布了《股东询价转让定价情况提示性公告》。公告称,经向机构投资者询价后,初步 确定的转让价格为70.89元/股(4月21日收盘价为84.9元/股)。本次询价转让收到有效报价单共7份,涵 盖基金管理公司、证券公司、私募基金管理人等专业机构投资者。 参与本次询价转让报价的机构投资者合计有效认购股份数量为137万股,对应的有效认购倍数为1.39倍。 本次询价转让拟转让股份已获全额认购,初步确定受让方为7名机构投资者,拟受让股份总数为98.41万 股。 业内人士称,股东询价转让方式,进一步推动了专业机构投资者深度参与上市公司投资,为标的公司的长 期健康发展注入新活力。股东询价转让通过非公开转让方式完成,不会对二级市场股价形成直接压力,有 利于市场的平稳运行。受让方在受让后6个月内不得转让,这一规定促使投资者从更长远的角度去审视标 的公司的投资价值,也为标的公司的稳定发展提供了有力保障。 据悉,本次 ...