Securities Times reporter Zhu Jiajun
News from our newspaper Masteel (600808) In the warrant listing announcement published today, the reporter found that the company had the following special tips: "After the listing of warrants, if other institutions issue covered warrants with the company's shares as the underlying securities in accordance with the relevant warrant rules issued by the Shanghai Stock Exchange, the price of warrants after listing may be affected."
The reporter noticed that the prompt Non tradable shares The risk warning of the warrants sent by the reform is different. The warning of Maanshan Iron and Steel Co., Ltd. only mentions "issuing covered warrants", but does not mention "creation". The general risk warning in the prospectus of share reform includes two concepts: "creation" and "issuance of covered warrants". The prompt of share reform warrants is generally: if other institutions shares Subject negotiable securities The issuance of covered warrants, or the creation of warrants by other institutions in accordance with the relevant rules of the Shanghai Stock Exchange, may have an impact on the transaction prices of relevant warrants involved in the share trading reform after the approval of listing.
According to the reporter, the creation is a complete copy of the existing warrants, which will increase the supply of existing warrants, thus having a direct impact on the price of warrants. The issuance of covered warrants requires approval. At present, the CSRC has not yet launched this policy, and the issued covered warrants are also different from the existing warrants. Therefore, it can be said that Maanshan Iron and Steel Co., Ltd. has no creation risk.
