Jiangsu Boxin Investing & Holdings (600083.SH): Even if the stock continues to hit the limit up for the following eight trading days, the market value will still be lower than 500 million yuan, triggering a mandatory delisting for trading purposes.

date
06/01/2025
avatar
GMT Eight
Jiangsu Boxin Investing & Holdings (600083.SH) announced that the closing price of the company's stock on January 6, 2025 was 1.39 yuan/share, with a market value of 320 million yuan, which has been below 500 million yuan for 12 consecutive trading days. Even if the stock continues to hit the limit up for the next 8 trading days (excluding the full day suspension of the company's stock), it will still trigger a mandatory delisting for continuous market value below 500 million yuan for 20 consecutive trading days. According to relevant regulations, if a listed company's daily stock closing total market value on the Shanghai Stock Exchange remains below 500 million yuan for 20 consecutive trading days, the Shanghai Stock Exchange will decide to delist the company's stock. At the same time, there is a risk of reduced voting rights of the company's controlling shareholder Mingcheng Asset Management, as well as a risk of instability in control rights of the listed company. If the financial indicators in the audited financial accounting report for the year 2024 trigger the financial mandatory delisting situation stipulated by the Shanghai Stock Exchange again, the company's stock will be delisted by the Shanghai Stock Exchange. The stock of a trading mandatory delisting company will not enter into a delisting consolidation period.

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