Non - circulating shareholders have profit for seasoned new equity offerings and they perferto enhance price and quantity of seasoned new equity offering.
非流通股股东因增发新股而获益，倾向于增发新股及提高增发股票价格和规模。
In the second half of 2003, the Merchants Bank Convertible Bonds Event broke this equability and cause on the market discussion on the protection of the circulating shareholders' rights.
2003年下半年沸沸扬扬的“招商银行可转债事件”却打破了这一平静，引发了市场上对流通股股东权益保护的讨论和反思。反思。
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