On June 1, *ST Jintai and *ST Jitang received notice from the Shanghai Stock Exchange that their stock listings would be terminated. Besides that, the Shenzhen Stock Exchange officially announced on June 2 that Julong, Bangxun Technology, and Contemporary Oriental(* ST Dangdai) would be delisted. Data shows that the five companies have a total of over 120,000 shareholders.
*ST Bangxun, * ST Dangdai, *ST Julong, three companies listed, were delisted in the financial category. *ST Dangdai and *ST Julong are both “non-standard delisting.” Because the 2021 financial report had already been issued, they couldn’t appeal. *ST Bangxun’s delisting is due to their failure to disclose the 2021 annual report within the statutory deadline.
Following the delisting procedures, the above three companies will enter the delisting period from June 13 and on the next trading day after the expiration of the delisting period. The Shenzhen Stock Exchange will delist the company’s shares, with the expected last trading date of July 1, 2022.
This year is the second year in which the strictest new delisting regulations have applied. According to Securities Times reporters, since May, the number of companies that have been removed from the listing has reached 32, which indicates the intensity of delisting.
Although the specific reasons for each company’s delisting vary, the failure of the main business is a fairly common problem.
Behind the speed of delisting is the increased improvement of the system. In the capital market, the efficiency of the survival of the fittest has been dramatically enhanced.