年内24家公司在分红募资背后：监管趋严，异常高比例分红企业面临约束

Chemical company South Gao Feng has withdrawn its IPO application after plans to use $300 million of the funds raised to boost liquidity raised eyebrows. This follows a trend of 24 companies using large dividends to supplement liquidity or repay debt. Regulators are becoming increasingly concerned about excessive dividend payouts, with the China Securities Regulatory Commission revising cash dividend regulations in October to discourage disproportionate payouts. South Gao Feng produces high-purity fluoride chemicals and was planning to use the funds raised to supplement its liquidity. However, the move has raised questions about the company's financial health, casting a shadow over its future prospects.