{"id":30472,"date":"2023-12-07T09:19:11","date_gmt":"2023-12-07T09:19:11","guid":{"rendered":"https:\/\/masterskills.org\/blog\/pha-loang-co-phieu-dilution-la-gi-anh-huong-cua-pha-loang-co-phieu.html"},"modified":"2023-12-23T06:13:19","modified_gmt":"2023-12-22T23:13:19","slug":"pha-loang-co-phieu-dilution-la-gi-anh-huong-cua-pha-loang-co-phieu","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/pha-loang-co-phieu-dilution-la-gi-anh-huong-cua-pha-loang-co-phieu.html","title":{"rendered":"Pha lo\u00e3ng c\u1ed5 phi\u1ebfu (Dilution) l\u00e0 g\u00ec? \u1ea2nh h\u01b0\u1edfng c\u1ee7a pha lo\u00e3ng c\u1ed5 phi\u1ebfu"},"content":{"rendered":"
\n
\n
<\/div>
\n

H\u00ecnh minh h\u1ecda<\/i><\/p>\n<\/figcaption><\/figure>\n

Pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Pha lo\u00e3ng c\u1ed5 phi\u1ebfu <\/b>trong ti\u1ebfng Anh l\u00e0 Dilution<\/b>, Stock Dilution<\/b> ho\u1eb7c Equity Dilution.<\/b><\/p>\n

Pha lo\u00e3ng c\u1ed5 phi\u1ebfu\u00a0<\/i>x\u1ea3y ra khi m\u1ed9t c\u00f4ng ty ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu m\u1edbi khi\u1ebfn cho t\u1ec9 l\u1ec7 s\u1edf h\u1eefu c\u00f4ng ty c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i b\u1ecb gi\u1ea3m xu\u1ed1ng.\u00a0Pha lo\u00e3ng c\u1ed5 phi\u1ebfu <\/i>c\u0169ng c\u00f3 th\u1ec3 x\u1ea3y ra khi ng\u01b0\u1eddi n\u1eafm gi\u1eef quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu, ch\u1eb3ng h\u1ea1n nh\u01b0 nh\u00e2n vi\u00ean c\u00f4ng ty ho\u1eb7c nh\u1eefng ng\u01b0\u1eddi kh\u00e1c th\u1ef1c hi\u1ec7n quy\u1ec1n ch\u1ecdn c\u1ee7a m\u00ecnh.\u00a0<\/p>\n

Khi s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u01b0u h\u00e0nh t\u0103ng l\u00ean, m\u1ed7i c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu s\u1edf h\u1eefu m\u1ed9t ph\u1ea7n nh\u1ecf h\u01a1n c\u1ee7a c\u00f4ng ty, l\u00e0m cho m\u1ed7i c\u1ed5 phi\u1ebfu b\u1ecb gi\u1ea3m gi\u00e1 tr\u1ecb.<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/b><\/p>\n

Gi\u1ea3 s\u1eed c\u00f4ng ty A \u0111\u00e3 ph\u00e1t h\u00e0nh 100 c\u1ed5 phi\u1ebfu cho 100 c\u1ed5 \u0111\u00f4ng c\u00e1 nh\u00e2n. M\u1ed7i c\u1ed5 \u0111\u00f4ng s\u1edf h\u1eefu 1% c\u00f4ng ty. N\u1ebfu sau \u0111\u00f3 c\u00f4ng ty A m\u1edf \u0111\u1ee3t ch\u00e0o b\u00e1n c\u1ed5 phi\u1ebfu l\u1ea7n th\u1ee9 hai v\u00e0 ph\u00e1t h\u00e0nh 100 c\u1ed5 phi\u1ebfu m\u1edbi cho 100 c\u1ed5 \u0111\u00f4ng n\u1eefa, m\u1ed7i c\u1ed5 \u0111\u00f4ng c\u0169 s\u1ebd ch\u1ec9 s\u1edf h\u1eefu 0,5% c\u00f4ng ty. T\u1ec9 l\u1ec7 s\u1edf h\u1eefu nh\u1ecf h\u01a1n c\u0169ng l\u00e0m gi\u1ea3m quy\u1ec1n bi\u1ec3u quy\u1ebft c\u1ee7a m\u1ed7i nh\u00e0 \u0111\u1ea7u t\u01b0.<\/p>\n

M\u1ed9t s\u1ed1 t\u00ecnh hu\u1ed1ng d\u1eabn \u0111\u1ebfn pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/font><\/h3>\n

Nh\u1eefng ng\u01b0\u1eddi n\u1eafm gi\u1eef n\u1eafm gi\u1eef ch\u1ee9ng kho\u00e1n chuy\u1ec3n \u0111\u1ed5i l\u1ef1a ch\u1ecdn chuy\u1ec3n \u0111\u1ed5i sang c\u1ed5 phi\u1ebfu: V\u00ed d\u1ee5 quy\u1ec1n ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c c\u1ea5p cho nh\u00e2n vi\u00ean c\u00f4ng ty ho\u1eb7c th\u00e0nh vi\u00ean h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i th\u00e0nh c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng, gi\u00fap t\u0103ng t\u1ed5ng s\u1ed1 c\u1ed5 phi\u1ebfu.<\/p>\n

Ch\u00e0o b\u00e1n th\u00eam c\u1ed5 phi\u1ebfu \u0111\u1ec3 t\u0103ng v\u1ed1n: M\u1ed9t c\u00f4ng ty \u0111ang t\u00ecm ki\u1ebfm ngu\u1ed3n v\u1ed1n m\u1edbi \u0111\u1ec3 t\u00e0i tr\u1ee3 cho c\u00e1c c\u01a1 h\u1ed9i t\u0103ng tr\u01b0\u1edfng ho\u1eb7c thanh to\u00e1n c\u00e1c kho\u1ea3n n\u1ee3 hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu \u0111\u1ec3 huy \u0111\u1ed9ng v\u1ed1n.<\/p>\n

Ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu m\u1edbi khi mua l\u1ea1i c\u00f4ng ty kh\u00e1c: M\u1ed9t c\u00f4ng ty c\u00f3 th\u1ec3 ph\u00e1t h\u00e0nh v\u00e0 cung c\u1ea5p c\u1ed5 phi\u1ebfu m\u1edbi cho c\u00e1c c\u1ed5 \u0111\u00f4ng c\u1ee7a c\u00f4ng ty m\u1ee5c ti\u00eau h\u1ecd mu\u1ed1n mua. C\u00e1c doanh nghi\u1ec7p nh\u1ecf h\u01a1n \u0111\u00f4i khi c\u0169ng cung c\u1ea5p c\u1ed5 phi\u1ebfu m\u1edbi cho c\u00e1c c\u00e1 nh\u00e2n \u0111\u1ec3 tr\u1ea3 cho nh\u1eefng d\u1ecbch v\u1ee5 m\u00e0 c\u00f4ng ty nh\u1eadn \u0111\u01b0\u1ee3c t\u1eeb h\u1ecd.\u00a0<\/p>\n

\u1ea2nh h\u01b0\u1edfng c\u1ee7a pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/font><\/h4>\n

Nhi\u1ec1u c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu kh\u00f4ng xem coi vi\u1ec7c pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/i> l\u00e0 \u0111i\u1ec1u t\u1ed1t. V\u00ec th\u1ef1c ch\u1ea5t, vi\u1ec7c t\u0103ng th\u00eam s\u1ed1 c\u1ed5 \u0111\u00f4ng khi\u1ebfn cho quy\u1ec1n s\u1edf h\u1eefu c\u00f4ng ty c\u1ee7a h\u1ecd b\u1ecb c\u1eaft gi\u1ea3m. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 khi\u1ebfn c\u00e1c c\u1ed5 \u0111\u00f4ng hi\u1ec7n h\u1eefu tin r\u1eb1ng gi\u00e1 tr\u1ecb c\u1ee7a h\u1ecd trong c\u00f4ng ty \u0111ang gi\u1ea3m. Trong m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u1eafm gi\u1eef l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u1edbn c\u00f3 th\u1ec3 l\u1ee3i d\u1ee5ng nh\u1eefng c\u1ed5 \u0111\u00f4ng s\u1edf h\u1eefu l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu c\u00f4ng ty th\u1ea5p h\u01a1n.<\/p>\n

Nh\u01b0ng pha lo\u00e3ng c\u1ed5 phi\u1ebfu<\/b> kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng c\u00f3 ngh\u0129a ti\u00eau c\u1ef1c. N\u1ebfu c\u00f4ng ty ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu m\u1edbi \u0111\u1ec3 t\u0103ng l\u01b0\u1ee3ng ti\u1ec1n c\u1ee7a c\u00f4ng ty, th\u00ec \u0111i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 l\u00e0 t\u00edch c\u1ef1c. \u0110i\u1ec1u n\u00e0y c\u0169ng \u0111\u00fang trong c\u00e1c tr\u01b0\u1eddng h\u1ee3p c\u00f4ng ty ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu \u0111\u1ec3 c\u00f3 ti\u1ec1n t\u00e0i tr\u1ee3 m\u1ed9t d\u1ef1 \u00e1n m\u1edbi, v\u00ed d\u1ee5 nh\u01b0 \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t s\u1ea3n ph\u1ea9m m\u1edbi hay mua l\u1ea1i m\u1ed9t \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh.<\/p>\n

(Tham kh\u1ea3o: Dilution; The Dangers of Share Dilution; Investopedia)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Pha lo\u00e3ng c\u1ed5 phi\u1ebfu (ti\u1ebfng Anh: Dilution) x\u1ea3y ra khi s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu c\u1ee7a c\u00f4ng ty t\u0103ng l\u00ean, khi\u1ebfn cho t\u1ec9 l\u1ec7 s\u1edf h\u1eefu c\u00f4ng ty c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng hi\u1ec7n t\u1ea1i gi\u1ea3m xu\u1ed1ng.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30472"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30472"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30472\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}