ST Rock: Stock delisted due to market value and financial issues.
ST Rock announced that the total market value of the company's stock on April 23, 2026, was 438 million yuan, which has been below 500 million yuan for 14 consecutive trading days, posing a risk of delisting due to the market value being below 500 million. In addition, the company is expected to have revenues of less than 300 million yuan in 2025, with both pre- and post-deduction net profits being negative. The financial report will be issued with a qualified opinion, and the stock will be at risk of delisting due to financial reasons. The controlling shareholder's 217 million shares have been frozen by judicial order, and the actual controller, Han Xiao, has been subject to criminal enforcement measures.
Latest

