On the eve of Dragon Boat Festival, three more ST companies were delisted, becoming another batch of delisted stocks in June after *ST Jitang.
*ST Julong was terminated by the Shenzhen Stock Exchange. The actual controller was once the richest man in Liaoning
html On the evening of June 2, *ST Julong announced that the Shenzhen Stock Exchange decided to terminate the listing of the company's stock. The starting date for the company's stock to enter the delisting settlement period is June 13, 2022, and the delisting settlement period is fifteen trading days. The expected last trading date is July 1, 2022.
Announcement shows that *ST Julong has issued an audit report that cannot express an opinion due to the 2020 annual financial accounting report , and the company's stock trading has been delisted from April 30, 2021.
On April 29, 2022, the first annual report (i.e., the 2021 annual report) after the company's stock transactions were delisted and the company's 2021 annual financial accounting report was issued an audit report that could not express an opinion. The company encountered the situation of stock delisting stipulated in Article 10.3.10, Paragraph 1, item (3) of the Shenzhen Stock Exchange's "GEM Stock Listing Rules (Revised in December 2020)".
It is worth mentioning that the Liu Yongquan family, the actual controller of *ST Julong, once ranked the richest man in Liaoning because of the company's listing. In 2011, Julong Co., Ltd. entered the capital market and was hailed as "the first stock in the banknote clearing industry." After listing, the wealth of the company's actual controller Liu Changqing's family rose rapidly. In 2013, in the "3000 Chinese Family Wealth List", the Liu Yongquan (Son of Liu Changqing) family became the richest man in Liaoning with a wealth of 2.86 billion yuan. In addition, in the "2013 Hurun GEM Rich List", Liu Yongquan also became the youngest "post-70s" among the people on the list with a net worth of 5.1 billion yuan at the age of 34.
In 2015, Julong Co., Ltd.'s share price reached its historical peak, with a total market value once exceeding 30 billion yuan. However, the company's stock price then fell. So far, the company's total market value is only 764 million yuan.
In July 2021, *ST Julong announced that the company and its actual controllers Liu Changqing and Liu Yongquan recently received a "Investigation Notice" issued by the China Securities Regulatory Commission. Due to suspected illegal and irregular information disclosure, the China Securities Regulatory Commission decided to investigate *ST Julong, Liu Changqing and Liu Yongquan.
According to the company's first quarter financial report this year, *ST Julong's actual controller Liu Yongquan holds 21.42% of the company's shares, the company's largest shareholder, and his wife Zhou Suqin is the third largest shareholder, with a shareholding ratio of 5.2%. As of March 31 this year, the number of shareholders of *ST Julong was 22,000.
Since May, 29 companies have terminated their listing
In addition to *ST Julong, there are also 22 companies in *ST Bangxun and *ST Contemporary html that same day, and also announced their delisting.
html On the evening of June 2, *ST Bangxun announced that Shenzhen Stock Exchange decided to terminate the listing of the company's stock. The starting date for the company's stock to enter the delisting settlement period is June 13, 2022, and the delisting settlement period is fifteen trading days. The expected last trading day is July 1, 2022.
*ST Bangxun was forced to delist because it was unable to disclose its annual report. On the evening of May 4, the "Announcement on the Inability to Disclose Periodic Reports and the Suspension of the Company's Stocks within the Statutory Period" disclosed by *ST Bangxun showed that the company failed to disclose its 2021 annual report before April 30, 2022, that is, within the Statutory Period, which touched the termination of stocks stipulated in the GEM stock listing rules.
Regarding the reasons for the "difficult delivery" of the annual report, *ST Bangxun explained that he has not reached an agreement with the annual report audit agency on major matters.
*ST Bangxun announced on the evening of May 20 that due to the failure to disclose the 2021 annual report within the prescribed time limit, the China Securities Regulatory Commission decided to file a case against the company on May 19.
Another delisted company *ST Contemporary announced that the company received the "Decision on the Delisting of the Stock List of Contemporary Oriental Investment Co., Ltd." from the Shenzhen Stock Exchange, and the Shenzhen Stock Exchange decided to terminate the listing of the company's stock. The starting date for the company's stock to enter the delisting settlement period is June 13, 2022, the delisting settlement period is fifteen trading days, and the expected last trading date is July 1, 2022.
On April 30 this year, the first annual report after *ST Contemporary stock trading was delisted (i.e., the 2021 annual report) showed that the company's 2021 financial accounting report was issued by accounting firm , which touched the termination of stock listing stipulated by the Shenzhen Stock Exchange.
So far, since May this year, 29 companies, including the above three companies, have been delisted by the exchange, and 25 companies have received a decision to delist in May alone. Judging from the reasons for the delisting, most of them are due to the continued deterioration of operations and the doubts in sustainable operation capabilities. In addition, many companies such as also have *ST Yuancheng, *ST Chengxing , *ST Fenghua and other companies have also issued risk warning announcements that may be delisted. Under the new delisting rules, this year's A-share ushered in a climax of delisting.
CSRC stated that in accordance with the overall requirements of the registration system reform, in order to ensure the smooth implementation of normalized delisting, it is necessary to further improve relevant institutional arrangements, rely on the existing agency share transfer system as the delisting sector to undertake delisted companies, optimize the supervision of delisted companies, and maintain a stable and benign market environment.
Original title: was delisted! The actual controller was once the "richest man". Since May, 29 companies have terminated their listing
Source: Cailianshe
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