2008年中小板公司限售股份及高管减持情况分析

Restricted Share and Management Reduction of SME Firms in 2008

本文对深市中小板上市公司限售股份在2008年度的解禁、减持情况,以及限售股份减持过程中出现的问题进行了分析并提出相关建议。分析结果表明,限售股份解禁及减持行为、董监高减持行为的信息披露均较为规范,减持规模较小,所占比例很低,减持方基本为中小股东,对公司的经营管理未造成重大影响。

The reduction of restricted shares and the sale of shares by the directors, supervisors and managements in SME board listed firms are always the hot spot of capital market. The article analyzes the scale of the reduction of restricted shares and the characteristics of sale of shares by directors, supervisors and managements in SME board listed firms in 2008. The article further analyzes the problems arising in the sale of restricted shares and puts forward corresponding proposals. Results show that the sale of restricted shares and relevant information disclosure had been complied with rules, the reduction scale is small, the reduction proportion is very low, the shareholders who sale the shares are mostly minor shareholders. The reduction of restricted shares does not have significant impact on the firms＇ operation and management.