A blow to the head! When Dea General Aviation Holding Co.Ltd(002260) separated from the sponsor on whether the company meets the listing conditions, the Shenzhen Stock Exchange today filed a case: it disagreed with the application for resumption of listing of the company’s shares.
The full name of Dea General Aviation Holding Co.Ltd(002260) is Dea General Aviation Holding Co.Ltd(002260) . It was established in 1993. The company’s official website shows that its main business is UAV R & D and production services. Since the audited net assets in 2017 and 2018 were negative for two consecutive years, Dea General Aviation Holding Co.Ltd(002260) was suspended from listing on May 15, 2019 and has been suspended for nearly three years.
Shenzhen Stock Exchange: the application for resumption of listing failed
On February 14, 2022, the Listing Committee of Shenzhen stock exchange held a working meeting to consider the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) shares. The Shenzhen Stock Exchange said that since the Federal Reserve securities no longer provides recommendation services for companies to resume listing. Therefore, the company does not comply with the provisions of Articles 4.1, 14.2.1 and 14.2.6 of the stock listing rules (revised in November 2018) on the suspension and resumption of listing of listed companies. The listing committee failed to approve your company’s application for resumption of listing.
Simple backtracking. Dea General Aviation Holding Co.Ltd(002260) since the audited net assets in 2017 and 2018 were negative for two consecutive fiscal years, the listing of the company’s shares was suspended from May 15, 2019.
In June 2020, Dea General Aviation Holding Co.Ltd(002260) signed an agreement with the Federal Reserve securities on recommending the resumption of listing. Subsequently, the Federal Reserve securities assisted Dea General Aviation Holding Co.Ltd(002260) in submitting the application documents for resumption of listing to the Shenzhen Stock Exchange in early July 2020.
On February 8, 2022, Dea General Aviation Holding Co.Ltd(002260) disclosed the announcement on receiving the recommendation letter from the recommendation institution on terminating and resuming the listing.
The announcement said that the company’s resumption of listing sponsor, Federal Reserve securities, said that there are good reasons to believe that Dea General Aviation Holding Co.Ltd(002260) does not meet the conditions for resumption of listing and will no longer provide recommendation services for the company’s resumption of listing.
“attending doctor” abandons treatment
Dea General Aviation Holding Co.Ltd(002260) announced on February 9 that it had received the notice on terminating the recommendation of Dea General Aviation Holding Co.Ltd(002260) resumption of listing sent by the company’s sponsor of resumption of listing, Federal Reserve Securities Co., Ltd. (hereinafter referred to as “Federal Reserve securities”).
the Federal Reserve Securities believes that the company does not have the conditions to resume listing and will no longer provide recommendation services for the resumption of listing.
The reporter noted that the Federal Reserve securities listed three reasons for Dea General Aviation Holding Co.Ltd(002260) the above decision. The first one pointed out that the net profits attributable to the owners of the parent company before and after deducting non recurring profits and losses in 2020 and January September 2021 were -26.9945 million yuan and -24.6929 million yuan respectively. It is expected that the company will continue to suffer losses in 2021, and there is great uncertainty in its ability to continue to operate, It has failed to meet the conditions for resumption of listing.
Dea General Aviation Holding Co.Ltd(002260) once “repudiated” Federal Reserve securities
Interestingly, Dea General Aviation Holding Co.Ltd(002260) responded to the attention letter of the Shenzhen Stock Exchange and “returned” the Fed securities and said that it still had the conditions to resume listing.
Dea General Aviation Holding Co.Ltd(002260) believes that some conclusions of the Federal Reserve securities do not have objective basis. Since the reorganization of the company, the product structure has been gradually optimized and adjusted, and the business structure has been improved; At the same time, after the new management is selected, the management level will be improved, the operation efficiency will be enhanced, and the profitability of the company will be improved.
At the same time, Dea General Aviation Holding Co.Ltd(002260) said that the second and third reasons put forward by the Federal Reserve securities will not have a significant impact on the normal production and operation of the company.
At the same time, the company added that with regard to the matter that the Federal Reserve Securities said it would no longer provide the company with the recommendation service for the resumption of listing and terminate the relevant recommendation agreement, the company is starting to hire other recommendation institutions with listing recommendation qualification to continue to provide the company with the recommendation service for the resumption of listing and sign a new recommendation agreement, The termination of the Fed Securities Agreement will not have a material impact on the resumption of listing of the company.
