According to wind statistics, since April this year, 78 A-share companies have been punished for violations, including 26 ST shares, accounting for 33.33%. Compared with the past, the cost of individual stock violations is no longer the top penalty of Shanghai Pudong Development Bank Co.Ltd(600000) yuan. In this month’s violations, 10 companies fined more than one million yuan.
In terms of violations, the 78 companies were punished by the CSRC, Shanghai and Shenzhen Stock Exchange and other competent authorities for inaccurate or untimely performance prediction results, false or seriously misleading information disclosure, failure to perform other duties according to law, and failure to disclose major matters of the company in time.
Among them, 18 companies were fined for violations, with a cumulative fine of 58.837 million yuan. The company’s performance is not disclosed in a timely manner, or the results are not accurate or misleading; The sanctions issued involve fines, warnings, orders for correction and administrative penalties.
The reporter of Dazhong Securities News noted that among the illegal companies, the number of ST shares reached 26, accounting for 33.33% of the number of illegal companies. In terms of individual stocks, Egls Co.Ltd(002619) became the first delisting stock with par value during the year. The company’s shares have been decided to terminate listing by the exchange, and the company was delisted by the Shenzhen Stock Exchange on April 28, 2022. According to the disk, March 31 was the last trading day of Egls Co.Ltd(002619) and the company continued to drop the limit on that day. Finally, the company’s share price closed at 0.56 yuan / share. The disk shows that as of March 31, 2022, the closing price of the company’s shares has been lower than 1 yuan for the 20th consecutive trading day (March 4, 2022 – March 31, 2022), and has touched the trading delisting provisions of the Shenzhen Stock Exchange Stock Listing Rules (revised in 2022). In addition, Egls Co.Ltd(002619) due to the occupation of funds and illegal guarantee, the financial and accounting report of 2020 has been issued with an audit report that cannot express an opinion.
In addition, changdongtui received the decision of Shenzhen Stock Exchange to terminate the listing of the company’s shares on April 19. From April 27, the company’s shares will enter the delisting consolidation period, with a period of 15 trading days. It is expected that may 20, 2022 will be the last trading day, and the Shenzhen Stock Exchange will delist the company’s shares on the next day of the last trading day. The company’s shares will be transferred to the National SME share transfer system for transfer. It is reported that, following the mandatory withdrawal of the chief financial officer of the Great Wall, it has become the second company in Shenzhen. According to the disk, Changdong retreat entered the delisting consolidation period on April 27, with a decline of 66% on the same day.
On February 25 this year, Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing stock exchange, national stock transfer Corporation and China Clearing Co., Ltd. jointly drafted the implementation measures for delisting companies to enter the delisting sector for listing and transfer. The main contents include: greatly simplifying the listing requirements of delisting companies, and “driving” the delisting companies to list by the host securities companies, so as to avoid the long-term inability to list due to the negative response of delisting companies; Institutionalize the undertaking mechanism of the host securities companies, clarify the basic principles for the determination of the host securities companies of delisting companies, finally determine the time of the host securities companies in advance, and increase the mechanism for securities companies to actively undertake to be included in the classified evaluation; Optimize the procedures of stock confirmation and registration, and determine the overall arrangement of “simplified procedures, data sharing and online handling” of stock confirmation and registration; Clarify the main institutional arrangements after listing. Stipulate the conditions for delisting companies to implement major asset restructuring and stock issuance, and implement positive incentives for the standardized operation of delisting companies; Match the appropriate investor threshold.
“At present, the annual delisting rate of the A-share market is less than 1%.” Wei Wei, an investment strategy analyst at Ping An Securities, believes that, “A-share companies and high-quality growth enterprises will benefit from the establishment and improvement of the investor protection mechanism and board transfer mechanism. The supporting system of A-share will be further optimized: first, establish and improve the investor protection mechanism. For the innovative litigation mechanism of special representative, an incentive and guarantee mechanism may be established for the insurance institutions to enhance the winning power of the insurance institutions; second, improve the board transfer mechanism. Third, strengthen the supervision of the company’s information disclosure Governor, strengthen the crackdown on financial fraud and establish a conditional short selling mechanism. “
Reporter Zhang Jian
