Guided readingShareholders frying pan! A batch of stocks sounded the delisting alarm, received a notification from the exchange, and waited for the exchange to finally decide on the procedure, which is basically a done deal. Netizen: Millions are gone!
For many investors, this is another batch of not-so-good news.
At the end of the annual report disclosure, another group of companies sounded the delisting alarm. After receiving the notification from the exchange, it was basically a done deal when the exchange finally decided on the procedure.
A group of companies issued announcements related to delisting
At the end of April, when the annual report came to an end, it was also when many companies stepped on the red line of delisting. Some of them had already received a notification from the exchange and waited for the exchange to make a final decision. There is basically no suspense.
On the evening of the 29th, a number of company announcements, such as *ST Zhongtian, *ST Haiyi, *ST Youjiu, *ST Xishui, *ST Shuzhi, *ST Netpower, and *ST Julong, received the Shanghai and Shenzhen Stock Exchanges. Regulatory work letter or notification letter. The stock has been delisted and will be suspended pending the decision of the exchange to delist. Recently, there have been continuous stock announcements on the verge of delisting.
Various reasons trigger delisting and plan to be terminated from listing
*ST Xishui announcement, on April 29, 2022, the company received the Shanghai Stock Exchange’s “Supervision Work Letter on Matters Related to the Termination of Listing of Inner Mongolia Xishui Venture Co., Ltd.”.
The work letter stated that according to the 2021 annual report disclosed by your company, the company’s shares meet the conditions for termination of listing stipulated in the “Stock Listing Rules” of the Exchange, and should be terminated from listing. The stock of your company will be suspended from trading on May 5, and the Exchange will convene the Listing Committee for deliberation within 15 trading days after the company discloses the annual report, and make a corresponding decision to terminate the listing based on the review opinions of the Listing Committee.
*ST Xishui’s 2020 audited net profit was negative and its operating income was less than RMB 100 million, the 2020 financial and accounting report was issued an audit report with no opinion, and the company’s 2020 internal control audit report was issued with a negative opinion , according to the relevant provisions of the “Shanghai Stock Exchange Listing Rules”, the company’s shares have been subject to “delisting risk warning” treatment.
According to the “2021 Annual Report” disclosed by the company on the same day and the “2021 Annual Audit Report” issued by China Audit Asia Pacific, the company’s 2021 annual financial report was issued an audit report with no opinion. As a result, the delisting condition is triggered.
*ST Julong stated that on April 29, 2022, the company received the “Advance Notice” issued by the Shenzhen Stock Exchange.
The notice stated that because your company’s 2020 financial and accounting report was issued by an auditing institution that could not express an opinion, your company’s stock trading will be issued a delisting risk warning from April 30, 2021. On April 29, 2022, your company disclosed the 2021 annual financial and accounting report, and the audited institution issued an audit report with no opinion. If delisting is triggered, the Exchange intends to decide to terminate the listing and trading of your company’s stock.
Trading in the company’s shares will be suspended from April 29, 2022. After the company receives the prior notice, it can apply for a hearing and make statements and defenses in accordance with the regulations. The Shenzhen Stock Exchange shall consider whether to terminate the listing of the company’s stock by the Listing Committee, and make a decision on whether to terminate the listing of the company’s stock according to the review opinion of the Listing Committee.
Netizen: sleepless night
The stock suddenly encountered the fate of delisting, and some netizens said that it was a sleepless night. Some netizens also said that millions were gone (lost).
(Source: China Fund News)