Listed company Hubei Kaile Technology Co., Ltd. (hereinafter referred to as*ST Kaile) became China's first delisting stock this year.
According to the China News Agency,*ST Kaile issued an announcement on Wednesday (February 8) that the company received a relevant decision from the Shanghai Stock Exchange on the day, and the Shanghai Stock Exchange decided to terminate the company's stock listing.
Announcement shows that from December 29, 2022 to February 2, 2023,*ST Kaile's stocks for 20 consecutive trading days are less than 1 yuan, which triggers transactions, which triggered the transaction.Class forced delisting indicators.*ST Kaile will terminate the listing and delisting on February 15.
The announcement stated that the stock of the transaction forced delisting companies does not enter the delisting period transaction.*ST Kaile shall immediately arrange the stock to transfer to the listing of the stock transfer system to the national SME shares transfer system after the stock is terminated to ensure that the company's shares can be listed within 45 trading days from the date of delivery.
*ST Kaile is currently in contact with the broker, and plans to sign a commissioned shares transfer agreement, entrust brokers to provide shares transfer services, and authorize them to handle shares withdrawal registration, share confirmation, share registration and listing transfer transferRelated matters.
Public information shows that*ST Kaile's main business is the research and development, production and sales of special products such as special network communication products, optical fiber cables, communication silicon pipes, and mobile smart terminals.In July 2000, the company was officially listed on the Shanghai Stock Exchange.
It is worth noting that according to media statistics, in addition to*ST Kaile, there are currently many listed companies on the seller of A shares, including*ST Korin,*ST Jinzhou,*STAmethon,*ST Zeda, etc.
Li Xunlei, chief economist of Zhongtai Securities, said that in recent years, during the advancement of the reform of the comprehensive registration system of A shares, the regulatory level introduced a new delisting regulation."The situation was broken, the number of delisting companies maintained at a high speed, and A -share accurately cracking down on" shell zombies "and" Horse of Harm "achieved staged results.Under the comprehensive registration system, more strict delisting systems are expected to improve the implementation, and the "normalization" of A -shares' delisting is the general trend.
