Zhonghong shares
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Published on 2018-11-09 06:05:12 Share it web version
                                    Shenzhen Stock Exchange's board of directors Zhonghong shares become the first "broken face" delisting shares
Source: Daily News Author: Jia Yun editable: dongfangcaifuwang

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At 19:59 on November 8, 2018, the Shenzhen Stock Exchange officially announced that on November 8, the Shenzhen Stock Exchange made the decision to terminate the listing of Zhonghong shares in accordance with the provisions of the Stock Listing Rules and the review opinions of the Listing Committee.

This means that Zhonghong shares have become the first “broken face” delisting stock in the history of A-shares. Dong Dengxin, director of the Institute of Financial Securities of Wuhan University of Science and Technology, told the reporter of "Daily Economic News" that this is a "milestone" in the history of A-shares. The "one yuan delisting system" fully gives investors the right to speak, vote and " The right to vote with the foot is very important for the resource allocation function of the survival of the fittest in the A-share market, and it also has a strong deterrent to the funds used to speculate in the past.

  Entering the delisting period on the 16th

According to the Shenzhen Stock Exchange, since 2018, Zhonghong shares have disclosed major risks such as large losses in performance, overdue debts, and major project shutdowns. Investors have expressed their judgment on the value of the company's investment through market-oriented behavior. On August 15, 2018, the closing price of the company's stock was lower than the face value (1 yuan) for the first time. From September 13, 2018 to October 18, 2018, the daily closing price of the company's stock for 20 consecutive trading days is lower than the face value of the stock (1 yuan), which is subject to the termination of the provisions of Article 14.4.1 of the Stock Listing Rules. Listing situation. According to the provisions of Article 14.4.11 of the Stock Listing Rules, the company's shares will be suspended from October 19.

According to the announcement of the Shenzhen Stock Exchange, the shares of Zhonghong Co., Ltd. will enter the delisting period from November 16, 2018. The trading period will be 30 trading days, and the short name of the securities will be changed to “Zhonghong”, and the stock price will rise and fall. The limit is 10%. On the next trading day after the delisting period expires, the Shenzhen Stock Exchange will delist the company's stock.

The Shenzhen Stock Exchange specifically reminds that the delisting period is the last trading opportunity provided by the delisting company investors before the company's stock delisting. The purpose is to release the risks. Investors should carefully read the relevant announcements issued by the company and the Shenzhen Stock Exchange delisting. The special regulations for the business of finishing the period, paying close attention to the investment risks of the companies to be delisted.

In addition, according to the relevant rules, Zhonghong shares will enter the share transfer system for listing transfer within forty-five trading days after the expiration of the delisting period. The Shenzhen Stock Exchange will urge the company to fully disclose the arrangements for investors to handle share confirmation, registration and custody after the stock is terminated, the company's contact information and ways to understand the company's information to protect the rights and interests of investors.

In fact, Zhonghong has repeatedly carried out high turnover and asset-liability ratios in recent years. The Shenzhen Stock Exchange has always listed it as a key supervision of high-risk companies. It has repeatedly sent letters to urge the company to supplement and correct relevant announcements to ensure information disclosure. True and accurate, fully guarantee the right of small and medium investors to know.

In the next step, the Shenzhen Stock Exchange will strictly implement the first-line supervision duties in accordance with the unified deployment of the China Securities Regulatory Commission, adhere to the marketization, normalization, and legalization of the delisting system, and effectively improve the quality of listed companies through the survival of the fittest and the market-oriented approach. Enhance the economic ability of service entities, and jointly support relevant departments to support listed companies in mitigating difficulties in development, assist listed companies to use capital markets to become better and stronger; guide market entities to blame and effectively protect small and medium-sized investors' right to know and trade, and strengthen Market vitality and confidence.

  Numerous speculation funds to step on thunder

On October 17, 138 million shares were sealed in the daily limit. The ruthless chips put Zhonghong shares down at 0.82 yuan/share and traded 486 million yuan throughout the day. Since this is the stock price of the company's stock on the 19th trading day, the stock price is lower than 1 yuan, and due to the limit of the price limit, the stock price will never return to 1 yuan the next day, which means that Zhonghong shares are very It may become the first company in the history of A-shares to withdraw from the market due to its stock price falling below par value for 20 consecutive trading days.

However, from the data on October 17th after the close, you can find that there are still a lot of hot money.

On October 18, although Zhonghong shares opened lower, the trading volume decreased compared with the previous trading day, but the turnover of the whole day has reached 57.39 million yuan, especially after 2:45 pm, there is a big single rush from time to time. In.

In addition, as of the end of the third quarter, the total number of shareholders of Zhonghong Co., Ltd. was 274,500. Compared with the end of the second quarter, the number of shareholders in the third quarter increased by 28,000. Judging from the changes of the top ten shareholders, there is only one fund product - the Southern CSI 500 ETF, and the jiacang is 148.78 million shares. However, as the CSI 500 constituent stock, Zhonghong shares should be held by many passive index funds or ETF funds.

Nowadays, the withdrawal of Zhonghong shares has become a foregone conclusion. These “Bo silly” funds have finally been mistakenly mistaken.

Dong Dengxin told the reporter of "Daily Economic News" that Zhonghong shares, as the first one-yuan delisting stock in the A-share market, is a collective decision made by investors. It can be said that the 1 yuan delisting standard is the one with the highest degree of marketization, which improves the ability of investors to vote with their feet. It can also let the phenomenon of buying shells and shells and shells gradually cool down. The resource allocation function of the survival of the fittest in the stock market is very important, and it also has a strong deterrent to the funds used to speculate on junk stocks.

"With the advancement of the delisting system, more and more poor stocks such as Zhonghong shares are falling, approaching the face value, and the risk of delisting is intensifying. Investors should pay attention to avoiding related companies, so as not to step on the thunder." Song Qinghui believes that the case of Zhonghong shares has positive significance for the regulatory authorities, investors, and the market itself. It is a major blow to the market's inherent thinking of speculating low-priced stocks, especially ultra-low-priced stocks.

  分析解读>>

  A hammer! Zhonghong shares become the first "face value delisting" stock in the past 30 years

  Heavy burst! Zhonghong determined to withdraw from the market: the first case of A shares 1 yuan delisting era came! Look at these 10 key points

  Heavy! The Shenzhen Stock Exchange confirmed that Zhonghong shares will be delisted! In the first place, only 1 yuan of delisting stocks, 270,000 investors are deeply immersed in it.

(Article source: Daily Economic News)

Published on 2018-11-09 06:23:11
                                                Finished! Finished!
Published on 2018-11-09 07:00:20
                                                What should I do if I rise above 1 yuan?
Published on 2018-11-09 07:06:09
                                                I strongly agree with this decision. The recent garbage hype is too crazy. In the end, the garbage is hyped up, and the retail investors finally pay the bill! The depreciation of 1 yuan on the market is a thunder, but people are warning every day, Bo silly funds are looking for extinction! Great
Published on 2018-11-09 07:06:43
Unable to party :
                                                            Sorry! Content deleted
                                                I strongly agree with this decision. The recent garbage hype is too crazy. In the end, the garbage is hyped up, and the retail investors finally pay the bill! The depreciation of 1 yuan on the market is a thunder, but people are warning every day, Bo silly funds are looking for extinction! Great
Published on 2018-11-09 07:12:12
                                                In the next game, if all the creditors who do not withdraw from the market will certainly not be soft, all the credits can be discounted after delisting. On the 16th, the creditor’s rights will be handled well, and will be returned after six months, because Zhonghong’s delisting indicators are still Normal, it is only less than one yuan, so back to A sooner or later, the people of Guohou have already entered Zhonghong. If you just retreat from the national face, it will not look good. Reorganization or change will be quick, just time to change space, etc. ! I don’t have to wait a few more years to say it! ! !
Published on 2018-11-09 07:26:11
Shareholder mqNwAq :
                                                            In the next game, if all the creditors who do not withdraw from the market will certainly not be soft, all the credits can be discounted after delisting. On the 16th, the creditor’s rights will be handled well, and will be returned after six months, because Zhonghong’s delisting indicators are still Normal, it is only less than one yuan, so back to A sooner or later, the people of Guohou have already entered Zhonghong, if they just retreat from the national face, it is not good-looking, reorganization or change is very fast, just time to change space. ..
                                                Still in fantasy /
Published on 2018-11-09 07:37:03
                                                When the size of the financing and refinancing is reduced, the listed company has priority and repurchases and writes off at the net asset price, effectively preventing the transfer of benefits, and operating together to benefit!
Published on 2018-11-09 07:37:59
                                                Zhonghong shares delisted, and all the rubbish subjects plummeted. Funds began to flow into the stocks of the stocks with good performance today.
Published on 2018-11-09 07:38:21
                                                St. Long lived and laughed.
Published on 2018-11-09 07:38:47
                                                This time, you are still cashing in shares.
Published on 2018-11-09 07:43:24
                                                So yesterday, st shares pulled up and shipped, this chicken thief’s bookmaker
Published on 2018-11-09 07:52:09
                                                It is estimated that Daxie has succeeded in shelling and preparing for the registration system. Will other imitations?
Published on 2018-11-09 07:56:03
                                                I want the bargains in your hands. Then it will change into a pattern, and people will not vomit bones.
Published on 2018-11-09 07:56:29
                                                Good retreat, don’t retreat from the bottom line of this group of dealers, killing chickens and monkeys to warn those who are on the edge
Published on 2018-11-09 07:57:02
                                                Today's low-priced stocks all fell
Published on 2018-11-09 07:59:42
                                                This is a big profit. Medium and long term is very good.
Posted on 2018-11-09 08:01:52
                                                If the stock price is over one yuan, what should I do?
Published on 2018-11-09 08:03:49
                                                It should have been like this
Published on 2018-11-09 08:06:39
                                                In the future, there will be more and more stocks under one yuan, and these garbage stocks will be cleared.
Published on 2018-11-09 08:10:12
                                                Great people, let these gamblers be punished, learn from mature markets in Europe and America, get out of slow cattle, long cattle market
Published on 2018-11-09 08:10:26
                                                The demolition of the face value is finally completed!
Published on 2018-11-09 08:19:12
                                                Ha ha, finally retired, look at the scrambled junk stocks and use the transfer shares to pull up the stock price.
Published on 2018-11-09 08:19:57
Shareholder mqNwAq :
                                                            In the next game, if all the creditors who do not withdraw from the market will certainly not be soft, all the credits can be discounted after delisting. On the 16th, the creditor’s rights will be handled well, and will be returned after six months, because Zhonghong’s delisting indicators are still Normal, it is only less than one yuan, so back to A sooner or later, the people of Guohou have already entered Zhonghong, if they just retreat from the national face, it is not good-looking, reorganization or change is very fast, just time to change space. ..
                                                Support you to buy
Published on 2018-11-09 08:20:12
Published on 2018-11-09 08:20:12
                                                Why can't there be a shareholding in a stock market?
Published on 2018-11-09 08:21:59
                                                very good. In this way, we can set an example for value investing, and let those who speculate on the subject matter be squandered. This way the Chinese stock market has hope.
Published on 2018-11-09 08:27:44
                                                Today, low-priced stocks will smother
Published on 2018-11-09 08:29:13
Buy it and buy it if you lose it. :
                                                            What should I do if I rise above 1 yuan?
                                                You can buy it and see if it can exceed 1 yuan.
Published on 2018-11-09 08:29:30
Shareholder mqNwAq :
                                                            In the next game, if all the creditors who do not withdraw from the market will certainly not be soft, all the credits can be discounted after delisting. On the 16th, the creditor’s rights will be handled well, and will be returned after six months, because Zhonghong’s delisting indicators are still Normal, it is only less than one yuan, so back to A sooner or later, the people of Guohou have already entered Zhonghong, if they just retreat from the national face, it is not good-looking, reorganization or change is very fast, just time to change space. ..
                                                Guo Guo counts a fart! A small company in a small place has no influence on A shares!
Published on 2018-11-09 08:32:48
                                                It is only reasonable to delist the net assets below the face value.
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