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survival of the fittest accelerates, 17 listed companies bid farewell to a-shares in august

2024-08-31

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since then, under the strict supervision of the capital market, the a-share market has accelerated the survival of the fittest, and many listed companies have delisted. choice data showsso far in august, 17 listed companies have delisted, including pengdu agriculture and animal husbandry, guanghui automobile, *st huatie, st hanggao, st xinlun, jianche b, *st chaohua, *st baan, st lianluo, *st hongtao, *st tiancheng, st changkang, zhongyin wool industry, st aikang, st futong, st dima and *st meiji.. see the figure below for details:

according to incomplete statistics from cailianshe, august includedthree a-share listed companies including st xudian, *st weichuang and haiyin announced that they had received advance notice of termination of listing, lock in the delisting situation in advance. in addition,*st yaxing will become the first company to voluntarily delist this year

*st asiastar, whose main business is the research and development, manufacturing and sales of passenger car products, announced on august 28 thatthe company will apply to the shanghai stock exchange to terminate the listing of its shares, and the company's shares will enter the cash option exercise declaration stage. the application period is from september 6 to september 10, 2024; the application name and code are asia star cash, 706093; the exercise price is 6.42 yuan per share. earlier, *st asia star announced on august 2 that the controlling shareholder proposed that the company take the initiative to terminate the listing by way of a shareholders' meeting resolution. *st asia star announced on august 26 that the company held the third extraordinary shareholders' meeting in 2024.the meeting passed a proposal to proactively terminate the company's stock listingpublic data shows that the actual controller of *st yaxing is the state-owned assets supervision and administration commission of shandong province. the company went public in 1999 and is also the first listed company in yangzhou. in terms of performance, *st yaxing announced on august 29 that it had a net loss of 18.9422 million yuan in the first half of the year. in the secondary market, *st yaxingthe largest cumulative decline in stock prices since the high point in january is 60.21%

st xudian, whose main businesses are optoelectronic display manufacturing, new energy vehicle manufacturing and building installation engineering, announced on august 16 that it had received a "preliminary notice" issued by the shenzhen stock exchange.because the daily closing prices of the company's a shares and b shares were less than 1 yuan for 20 consecutive trading days between july 18, 2024 and august 14, 2024, triggering the delisting of the shares, the shenzhen stock exchange intends to decide to terminate the listing of the company's shares. according to relevant regulations, the company has the right to apply for a hearing or submit a written statement and defense. if the shenzhen stock exchange finally decides to terminate the listing of the company's shares, the company's a shares and b shares will be transferred to the delisting section managed by the national equities exchange and quotations for listing and transfer. this also means thatst solectron may become the first listed company to delist both its a and b shares this year

in july this year, st xudian received a decision from the hebei securities regulatory bureau to take corrective measures. the decision shows that as of december 31, 2023,dongxu group and its affiliates occupied 9.595 billion yuan of st xudian's remaining funds, accounting for 45.64% of st xudian’s audited net assets for the period. according to the "securities law" and other relevant regulations, the hebei securities regulatory bureau requires that the occupied funds should be returned within six months, and a written report should be submitted after the rectification is completed. on august 27, st xudian issued an announcement on the progress of the controlling shareholder's non-operating capital occupation. at present, the company continues to urge dongxu group and its related parties to actively raise funds to repay the occupied funds as soon as possible to eliminate the impact on the company. as of the date of this announcement, dongxu group's non-operating occupation of the company's funds totaled 9.595 billion yuan. st xudian announced on july 10 that it expects a net loss of 180 million to 270 million yuan in the first half of the year. in the secondary market,st solectron's stock price has fallen by 83.41% since its peak in january.

*st vtron, which has two main businesses, ultra-high-resolution digital splicing wall system business (vw business) and children's growth platform business, announced on august 23 thatthe company received the "preliminary notice" issued by the shenzhen stock exchange on august 23, the daily closing price of the company's stock through the shenzhen stock exchange trading system was less than 1 yuan for 20 consecutive trading days from july 26 to august 22, triggering the shenzhen stock exchange's regulations on stock delisting. the shenzhen stock exchange intends to decide to terminate the company's stock listing. in late december last year,weichuang shares "exposed" that liu jun, the actual controller of xiling energy, the company's proposed acquirer, had occupied 1.33 billion yuan of the company's funds without authorization and did not return them in timeon march 26 this year, the company announced that it had received a letter of urging and risk warning from an independent director. in addition, *st weichuang was unable to disclose its 2023 annual report and 2024 first quarter report within the statutory period, and the company's stock was issued a delisting risk warning on july 9. in the secondary market, *st weichuang's stock price has fallen by 88.13% since its high point in january.

haiyin holdings, whose main businesses include commercial property operations, financial services, and photovoltaic power generation, announced on august 6 thatreceived the shenzhen stock exchange's "preliminary notice"since the closing price of the company's stock was less than 1 yuan for 20 consecutive trading days between june 25 and august 5, the shenzhen stock exchange intends to decide to terminate the listing of the company's stock. on july 17, haiyin holdings announced that it plans to acquire a 51% stake in jiangsu judian new energy co., ltd. and suspend trading of its stock. according to information, jiangsu judian is mainly engaged in the research, development, manufacturing and sales of energy storage batteries, as well as the manufacturing and sales of large-scale charging and swapping equipment and charging and swapping stations. on july 31, haiyin holdings announced that, referring to the due diligence results of the intermediary agency, the litigation involved in the target company and its performance losses, the company, in line with the principle of prudence,decided to terminate the issuance of shares to purchase assetsin the secondary market,the largest cumulative decline in haiyin shares since its high point in january is 73.28%.