On the evening of May 23, the Shenzhen Stock Exchange announced that the listing of Tempus Global Business Service Group Holding Ltd(300178) , Shenzhen Danbond Technology Co.Ltd(002618) , Ningbo Sunlight Electrical Appliance Co.Ltd(002473) three stocks was terminated.
Zhongzhengjun learned that the three companies were forced to delist because they touched the financial delisting indicators. At present, the total number of shareholders of the three companies is nearly 70000.
The trading start date of the delisting consolidation period of the three companies is May 31, the delisting consolidation period is 15 trading days, and the final trading date is expected to be June 21. On the trading day following the expiration of the delisting consolidation period, the Shenzhen Stock Exchange will delist the company’s shares and terminate the listing of the company’s shares.
peak market value of nearly 40 billion
Tempus Global Business Service Group Holding Ltd(300178) from culture and tourism giant to insolvent
Tempus Global Business Service Group Holding Ltd(300178) was prompted to delist. The securities before delisting risk is referred to as tengbang international. Now, this established company with 24 years and 11 years of A-share listing will become the first delisted stock on the gem in 2022.
From May 6, 2021, Tempus Global Business Service Group Holding Ltd(300178) because the annual financial and accounting report in 2020 was issued with an audit report that could not express an opinion, the company’s stock trading was warned of delisting risk. On April 27 this year, the first annual report after the delisting risk warning was implemented for the company’s Stock Trading (i.e. the annual report of 2021) showed that the audited ending net assets of the company in 2021 were -1.149 billion yuan, and the annual financial and accounting report of 2021 was issued with an audit report that could not express an opinion. The company touches the situation of stock delisting stipulated in the gem stock listing rules.
Tempus Global Business Service Group Holding Ltd(300178) disclosed in the first quarterly report that the company’s revenue was 1.71 billion yuan, a year-on-year increase of 214.9%, the net loss attributable to shareholders of listed companies was 1.47 billion yuan, a year-on-year increase of 40.4%, and the net assets attributable to shareholders was -1.15 billion yuan, which has been seriously insolvent.
According to public information, at the moment of Tempus Global Business Service Group Holding Ltd(300178) highlight, its market value was once close to 40 billion yuan. Among the listed tourism companies, it has been on a par with Ctrip and Shenzhen Overseas Chinese Town Co.Ltd(000069) with an annual revenue of more than 5 billion yuan.
Focusing on the industrial ecosystem of “air ticket as the entrance, tourism as the core, finance as the wings and Internet as the means”, Tempus Global Business Service Group Holding Ltd(300178) has successively invested / acquired a number of tourism enterprises such as Xinxin tourism, octopus online tourism, Jetta tourism, Baozhong tourism, Xiyou CITS, theme park operator Qiaoqu culture, and went to the Maldives to acquire local seaplane companies, Strategic investment in Russian Airlines Effie airlines, won a number of direct flights and so on.
At the beginning of 2019, Tempus Global Business Service Group Holding Ltd(300178) debt crisis broke out in an all-round way, and the break of leverage caused the collapse of the financial system. It is noteworthy that Tempus Global Business Service Group Holding Ltd(300178) also submitted an application for bankruptcy reorganization to the court before being declared compulsory delisting this time. On May 19, Tempus Global Business Service Group Holding Ltd(300178) announced that the company received the ruling of Shenzhen intermediate people’s Court of Guangdong Province, rejected the company’s reorganization application, and the company failed to enter the bankruptcy reorganization procedure.
several companies issued delisting and delisting announcements
On the evening of May 23, Shenzhen Danbond Technology Co.Ltd(002618) , Ningbo Sunlight Electrical Appliance Co.Ltd(002473) two companies disclosed that they had received the decision to terminate listing issued by Shenzhen Stock Exchange. In addition, de’ao Tui submitted a review application for termination of listing to Shenzhen Stock Exchange and was accepted by Shenzhen Stock Exchange. TEPCO announced that its A-share shares would be delisted by the Shenzhen Stock Exchange on May 24.
The annual net profit announced by the parent company in 2020 is 100 million and 0.021 billion less than the annual financial report issued by the parent company. On April 30, 2022, the first annual report after the delisting risk warning was implemented for the company’s Stock Trading (i.e. the 2021 annual report) showed that the company’s 2021 annual financial report was issued with an audit report that could not express an opinion, which touched on the termination of stock listing.
Ningbo Sunlight Electrical Appliance Co.Ltd(002473) because the audited net profit in 2020 is negative, the operating income is less than 100 million yuan, and the audited net assets at the end of the period are negative, the company’s stock trading has been warned of delisting risk since April 30, 2021. On April 30, 2022, the first annual report after the delisting risk warning was implemented for the company’s Stock Trading (i.e. the 2021 annual report) showed that the company’s 2021 annual financial and accounting report was issued with a negative audit report, which touched on the termination of stock listing.
The company submitted a review application for termination of listing to Shenzhen Stock Exchange on May 16. On May 23, the company received the notice of review acceptance from Shenzhen Stock Exchange. If the appeal Review Committee of Shenzhen stock exchange makes a decision to maintain the termination of listing, the decision shall be final.
The company announced that its A-share shares would be delisted by Shenzhen Stock Exchange on May 24. After the termination of the listing of the company’s A-share shares, it will enter the national small and medium-sized enterprise share transfer system Co., Ltd. for listing and transfer of the two network companies and delisting companies established and managed by the original securities company agency share transfer system.
delisting normalization mechanism gradually formed
The A-share delisting system has been continuously optimized, and the normalized delisting mechanism is gradually taking shape.
In December 2020, the Shanghai and Shenzhen Stock Exchange issued the new regulations on delisting, comprehensively improved the delisting standards, simplified the delisting process and strictly supervised delisting. The new delisting regulations have streamlined the delisting process of financial delisting and greatly improved the delisting efficiency. According to the new delisting regulations, the financial indicators touched in the first year will be subject to delisting risk warning, and various financial indicators will be cross applied in the second year. If any indicator fails to meet the standard, it will be delisted directly.
On February 25 this year, the CSRC drafted the guidance on improving the supervision of listed companies after delisting to solicit opinions from the public. Subsequently, Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing stock exchange issued supporting implementation measures respectively and solicited opinions from the public.
At the end of March this year, the general office of the CPC Central Committee and the general office of the State Council issued the “opinions on promoting the construction of social credit system and high-quality development and promoting the formation of a new development pattern”, which once again pointed out that the compulsory delisting system should be strictly implemented and a virtuous cycle mechanism for the survival of the fittest of listed companies should be established. Subsequently, the Shanghai and Shenzhen stock exchanges issued guidelines on the information disclosure of bankruptcy and reorganization of listed companies, based on standardizing the information disclosure of bankruptcy and reorganization and other matters, improve the risk resolution and exit mechanism of listed companies, protect the interests of investors, maintain a standardized and transparent market environment, and promote the construction of an in and out market ecology.
Insiders believe that from the current point of view, A-share normalization delisting mechanism is gradually taking shape. Under the implementation of the new delisting regulations, the delisting efficiency of the A-share market has been improved, the delisting cycle has been shortened, and the market ecology has been optimized. For the capital market, some enterprises with poor profitability are forced to withdraw from the market, which improves the overall quality of listed companies, makes the overall market environment clearer, and the capital market can give better play to its function of “value discovery”.
