As of closing on June 24, 2009, share prices of 3 companies plunged below their net asset value per share, with P/B ratio between 0.57x and 0.97x. These companies covered several fields including real estate, textile & garment and telecom industry, etc. From 2007 onwards, 264 companies issued initial public offering. Of these companies, 13 companies’ closing prices were lower than their IPO after their equity rights’ recovery, accounting for 4.92% of the total IPO companies.
Of all companies implemented additional issuance since 2007, 87 companies’ closing prices were lower than their initial additional-issuance prices, among which 35 were public additional-issuance companies, while 52 were directional add-issuance companies. From 2007 onwards, among the 211 companies who announced the additional-issuance plan and additional-issuance prices but not implemented them, 22 companies’ closing prices were below their planned additional-issuance prices, of which, 3 had their plans approved by the CRSC. Additionally, 86 companies abandoned the additional issuance since 2007.