Stock Option (Rengouzheng), 4 Pcs Uncut, Dalian Refrigerant Holding Co. Ltd.

4 Pcs Uncut (Unissuing) Stock Option. Scarce.

This stock option was issued by "Dalian Refrigerant Holding Co. Ltd", in 1993.

The buyer of this kind of stock option had the right to purchase stock by lottery.


People's Republic of China issued its first stock in the end of 1980's, and in the first half
1990's, the stock option came to the market. At that time, there were no electronic
transaction system. So all the stock options were paper-made. And after 1994, the
electronic system came to the stock exchange house. The paper stock and paper stock
option sheet came out of the history. It is said that there exits about 170 different types
of Chinese Stock Options, and many of them are quite rare.

The Chinese names of STOCK OPTION is also "Rengouzheng", which is issued by
underwriter during the IPO process. The citizens/companies must first purchase this
kind of stock options, and them to purchase the shares of IPO companies.





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