配股与增发新股比较分析

文章对上市公司两种不同的再融资方式———配股与增发新股作比较分析 ,具体从两者的定价方法、认购对象、发行数量、股本结构变动、对上市公司各类股东权益的影响几个方面进行比较。从这些比较分析出发 ,指出在配股及增发新股中存在的问题 ,并提出完善方法。文章认为 ,增发新股在未来将会取代配股在上市公司再融资中的主导地位 ,成为上市公司再融资的主要方式

Analysis by Comparision about Rationing Shares and Re- issuing New Shares

This paper analyzes by comparing two different ways of refinancing,namely,rationing shares and re-issuing new shares.We focus on their ways of pricing,purchasing objects,issuing amount,variations of shares' structures and impacts on rights of different types of shareholders in listed company.Based on these analysis,we point out the problems with the publishing ways mentioned above,illustrate how to improve this situation.A conclusion that re-issuing shares will take the place of the prevailing position of rationing shares in refinancing of listed company in the future is reached,which will be the major way by which listed company refinances.