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相比二级市场扩股、定增等办法,优先股有其优势,搬开了二级市场投资者最担心的融资圈钱这座大山。除了优先股之外,其他股权最终要在大宗交易或者二级市场上解禁套现,到时二级市场投资者只能成为扛住股价的大力士。而优先股类似于长期债权,偿债顺序介于债权之后普通股之前,只能通过固定收益或者集中交易获利,没有解禁压力,没有投票权,貌似不会冲击二级市场,也不会冲击现有的管理架构。
Compared to the secondary market expansion, set by increasing measures, preference shares have their advantages, moved out of the secondary market investors are most concerned about the financial misappropriating the mountain. In addition to the preferred stock, the other equity should eventually be banned in the block trade or the secondary market, and the investors in the secondary market can only become the strongman who can carry the stock price. Preference shares are similar to long-term debt. The order of debt repayments precedes the common stock after the claims, and can only be profitable through fixed income or concentrated transactions. There is no pressure on lifting the bargain, and there is no voting right. It does not appear to impact the secondary market or shock Existing management structure.