What Is a Public Limited Company?

concept

Public company

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concept

A public company is the public transfer of shares to an unspecified object, or the issue or transfer of shares to a particular object.

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It is reported that on December 21, 2006,

Public company cannot be equated with

Unlisted public companies, including three categories: companies that issue 200 or more shareholders with targeted stocks; companies that have 200 or more shareholders; or publicly transferred companies (with or without 200 or more). Any one of the above situations becomes a public company. This means that public companies may have more than 200 shareholders or less than 200 shareholders.

In addition, companies with more than 200 shareholders in history can become public companies after being regulated and confirmed by the CSRC.

Unlisted public companies mainly include joint stock companies that publicly transfer stocks but are not listed on the stock exchange, as well as joint stock companies that have raised more than 200 shareholders through private offerings (issue of shares to specific objects).