On the evening of 65438+ 10/7, *ST Le Kai announced that as of June 65438+ 10/7, 2023, the company's stock closing price was 0.67 yuan/share, which has been 13 continuously.
This means that even if the daily limit continues in the next 7 trading days, the trading delisting index will be hit because the stock price is lower than 1 yuan for 20 consecutive trading days.
Trigger delisting one after another
In 2023, the first stock that was delisted because of its face value began to emerge.
On the evening of 65438+ 10/7, *ST Le Kai announced that as of June 65438+ 10/7, 2023, the company's stock closing price was 0.67 yuan/share, which has been 13 continuously.
According to Article 9.2. 1 of the Listing Rules of Shanghai Stock Exchange (revised in 2022 10), a listed company whose share price is less than 1 yuan for 20 consecutive trading days may be forced to withdraw from the market by the exchange.
Judging from the current share price of *ST Le Kai, even if the daily limit continues in the next seven trading days, it will be difficult for the company to climb the 1 yuan mark, and the company will also trigger the delisting of face value.
In addition to face value delisting, *ST Le Kai may also trigger financial delisting indicators in the near future.
On the evening of June 65438+1October 65438+March this year, *ST Le Kai disclosed the performance forecast of the 2022 annual report, in which the company's net assets were particularly eye-catching.
The announcement shows that the company expects the net assets at the end of 2022 to be-265,438+0.54 billion yuan to-2.322 billion yuan. According to the relevant provisions of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the Listing Rules), the company will touch the financial delisting index and its shares will be terminated.
In addition to the above reasons for delisting, the reporter noted that at the end of 2022, the company had triggered a red light warning of "forced delisting due to major violations".
65438+On the evening of February 2, 2022, the company announced that it had received the Notice of Administrative Punishment and Market Prohibition made by the CSRC (hereinafter referred to as the Notice).
The notice shows that there are false records in the company's periodic report from 20 16 to 2020 due to the suspected financial fraud in the private network communication business. After calculation, the company's net profit from 20 17 to 2020 is negative.
Stepping on many "delisting red lines", today's *ST Le Kai can be said to be overwhelmed, and the company's A-share listing journey is entering the countdown.
Reasonable withdrawal will become a trend.
Rome wasn't built in a day, and it's hard for St. Le Kai to get to the present situation.
According to the information verified by the CSRC, *ST Excelle inflated its operating income by 56,543.8+0.25 billion yuan from 2065,438+06 to 2020, inflated its operating cost by 44.352 billion yuan, and inflated its total profit by 5.936 billion yuan. Huge amount of fraud for five consecutive years, resulting in the company's net profit of returning to the mother from 20 17 to 2020 is negative.
Trying to make up for lies with lies can only end up in a feather. This can also be seen from its controlling shareholder who is riddled with lawsuits.
The list of shareholders shows that the controlling shareholder of the company is Jingzhou Keda Trading Co., Ltd. (hereinafter referred to as "Keda Trading"). According to the company announcement, since the end of 2022, a number of custody brokers of the controlling shareholder have executed the shares of the controlling shareholder according to the court ruling.
It is obvious to all that Keda Business has been involved in more than 40 judicial proceedings as a defendant. Earlier, some market participants told the Shanghai Securities Journal that the controlling shareholder of *ST Le Kai has been unable to protect itself, so it has no financial strength to participate in the "shell-protecting" action in the secondary market.
*ST Le Kai's story came to an abrupt end, which is embarrassing, but it also reflects the more standardized and strict regulatory environment today.
"Access is a normal market trading environment." A person close to the supervision told reporters that with the maturity of various mechanisms in the A-share market in the future, a reasonable exit mechanism will become the trend of market development.