Dea General Aviation Holding Co.Ltd(002260) (002260) suffered another heavy blow on the way to resume listing.
On February 17, Dea General Aviation Holding Co.Ltd(002260) announced that the company received the notice of filing a case from the CSRC on the same day. Because the company is suspected of illegal information disclosure, the CSRC decided to file a case against the company. In addition, because the working meeting of the Listing Committee of the exchange failed to approve the company’s application for resumption of listing, the cross examination or opinions put forward by the company at the subsequent hearing failed to be adopted by the regulatory authorities, and the company’s shares were at risk of being terminated from listing.
Previously, because the audited net assets in 2017 and 2018 were negative for two consecutive years, Dea General Aviation Holding Co.Ltd(002260) was suspended from April 29, 2019. According to the data, Dea General Aviation Holding Co.Ltd(002260) there are still 24300 shareholders, each holding 10900 shares. The total market value of the company is 1.754 billion yuan.
In July 2020, the company submitted an application for resumption of listing. But recently, the company has received bad news one after another. On February 8, the company disclosed the announcement on receiving the recommendation letter from the recommendation institution on termination and resumption of listing. The announcement said that the sponsor of the company’s resumption of listing, Federal Reserve Securities Co., Ltd. (hereinafter referred to as Federal Reserve securities), said that there are good reasons to believe that your company does not meet the conditions for resumption of listing and will no longer provide recommendation services for the company’s resumption of listing.
After being “abandoned” by the sponsor, the Shenzhen Stock Exchange announced that according to the review opinions of the listing committee, the Shenzhen Stock Exchange decided not to agree to the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) shares.
Now Dea General Aviation Holding Co.Ltd(002260) is on the verge of delisting. According to the regulations, the company has the right to apply for a hearing. If applying for a hearing, the company shall submit an application to the exchange in writing within five trading days from the date of receiving this notice. If the application is overdue, it shall be deemed to have waived the right of hearing.
Since the working meeting of the Listing Committee of the exchange fails to approve the company’s application for resumption of listing, and the cross examination or opinions put forward by the company in the subsequent hearing are not adopted by the regulatory authorities, there is a risk that the company’s shares will be terminated from listing.
To make matters worse, on the same day, the company also announced that it had received the decision on taking corrective measures against Dea General Aviation Holding Co.Ltd(002260) issued by Guangdong securities regulatory bureau (hereinafter referred to as the “decision”). It is decided that Dea General Aviation Holding Co.Ltd(002260) has problems such as non-standard corporate governance operation and inaccurate information disclosure about corporate governance operation.
Among them, Dea General Aviation Holding Co.Ltd(002260) in the announcement on the reply of Shenzhen Stock Exchange issued on February 12, it is believed that “the company has a sound corporate governance structure and internal control system, and the operation is standardized”. Guangdong Securities Regulatory Bureau believes that the information disclosure is inconsistent with the actual situation of the company. According to relevant regulations, Guangdong securities regulatory bureau decided to take administrative regulatory measures to order correction of Dea General Aviation Holding Co.Ltd(002260) .
At the same time, Guangdong Securities Regulatory Bureau requires that Dea General Aviation Holding Co.Ltd(002260) should attach great importance to the above problems, take effective measures to effectively rectify, truly, accurately, completely, timely and fairly perform the obligation of information disclosure according to law, and conduct internal accountability for the relevant responsible personnel.
