“The most stringent” new rules under the first batch of 1 yuan stocks delisting from the market
industry insiders: A shares ushered in the survival of the fittest of the new ecology
Under the most stringent delisting new rules, A-shares ushered in the first no delisting finishing period of enterprises, *ST, *ST Chengcheng are delisted on March 22. Industry insiders believe that with the delisting of new rules, delisting standards and delisting process optimization and streamlining, the future of A shares will usher in A new ecology of survival of the fittest.
According to the provisions, *ST appropriate health, *ST Chengcheng will be transferred to the national small and medium-sized enterprise share transfer system, and ensure that the company’s shares can be transferred within 45 trading days from the date of delisting.
Data show that *ST appropriate health landed in the A-share market in 2004, after the listing, the company began to transform and upgrade from the traditional home manufacturing enterprises to residential life integration service providers, mainly engaged in furniture and wood floor and other home products research and development, design, production and sales. So far, the company’s total market value is only 771 million yuan.
*ST Chengcheng was listed in the A-share market in 2000. After the company was listed, commercial real estate leasing has been an important business segment of the company. In the middle of 2015, the total market value of *ST Cheng Cheng had reached nearly 10 billion yuan, and the current total market value of the company stayed at 219 million yuan.
*ST should be born, *ST into the city are in trouble, and deep loss quagmire. Both companies received a self-regulatory decision from the Shanghai Stock Exchange on March 15 to terminate the listing of their shares.
To place a self-regulatory decision, because the two companies in the Shanghai stock exchange trading system for 20 trading days the daily closing price of less than RMB 1, according to the Shanghai stock exchange listing rules (December 2020), “relevant provision, decided to terminate the listing of its shares, trading and do not enter the delisting finishing period. The Shanghai Stock Exchange shall delist the shares of the two companies within 5 trading days after the publication of the written decision.
*ST should be born in 2019 a loss of 185 million yuan, according to the company disclosed in 2020 annual performance forecast shows that the company is expected to achieve annual attributable net profit of about -2.268 billion to -1.918 billion yuan; It is estimated that the attributable net profit after deduction is about -2.274 billion to -1.924 billion yuan. It is not difficult to see that *ST should be born in 2020 compared with 2019 losses increased significantly.
On January 29, this year, the Securities Regulatory Commission notified the *ST appropriate health information disclosure illegal cases investigation, including inflated profits, inflated bank deposits and did not disclose large amounts of funds with related parties according to the provisions, but *ST appropriate health has not received the Securities Regulatory Commission on the investigation matters related to the written documents.
*ST Chengcheng lost 84.69 million yuan in 2019, and the company is expected to remain in the red in 2020, among which the attributable net profit is expected to be about -93 million yuan, and the corresponding attributable net profit after deduction is expected to be about -86 million yuan.
In this regard, *ST Chengcheng explained that the main reason for the loss in 2020 is the company’s higher accrued debt, the corresponding provision of banks and other creditors borrowing interest of about 85 million yuan, so that the higher financial expenses.
*ST appropriate living, *ST Cheng Cheng said in the announcement, will hire agency as soon as possible, for the New Third Board share registration and settlement and other related matters.
Analysis of the
The pace of A-share delisting accelerated
The pace of delisting of A-shares has picked up since last year. According to Wind statistics, there are not a lot of penny stocks in the market at present, with more than 70 shares priced below 2 yuan. According to statistics, excluding delisting stocks and delisting finishing period of stocks, there are 75 shares of stock prices in the market under 2 yuan, including *ST Pengqi, *ST Europe, ST Chenghai stock price is less than 1 yuan.
It is understood that *ST Peng Qi, *ST European Pu, *ST rich control three shares are currently suspended listing status. In addition to the above three shares, the remaining 72 shares of ST East Network, North News Group, *ST Zhaoxin, Aiglass and so on are between 1 and 2 yuan, most of which are ST shares, accounting for nearly 70% of 72 shares.
In addition, it is worth mentioning that *ST Great Wall also triggered the par value delisting situation, from December 31, 2020 to January 28, 2021, *ST Great Wall stock price for 20 consecutive trading days below 1 yuan, the company’s stock will enter the delisting period on March 22, the final trading date is expected to be May 6.
This article/our reporter Liu Shenliang