THE last batch of investors who were promised shares following the August 1992 share issue fiasco will get their allocation next month when eight companies begin their share-issuing exercises, officials say.
The investors getting shares were successful in lot-drawings, three of which have been held since August 1992.
In August 1992, one billion shares were promised, but not immediately allocated, through the sale of subscription forms.
A Shenzhen Securities and Exchange Commission (SEC) official said yesterday all outstanding shares should have been met from the share-issuing.
Eight companies would offer A shares with a par value of 140 million yuan (about HK$124 million) to mainlanders, the official said.
The issues, to begin next month, would run until September, he said.
Listing of the shares on the Shenzhen exchange would depend on the exchange's schedule, he said.