Shimao Co., Ltd. issued an announcementPennfierce36000The company's shares closed at 0 on May 14, 2024.Pennfierce36000.45 yuan per sharePennfierce36000It has been below RMB 1 per share for 19 consecutive trading days. Even if the trading limit rises in the next trading day (excluding the all-day suspension of the company's shares), it will hit the trading delisting target because the share price is less than 1 yuan for 20 consecutive trading days, and the company's shares may be terminated by the Shanghai Stock Exchange.
According to the relevant provisions of the Stock listing rules of the Shanghai Stock Exchange, if a listed company that issues only A-shares on the Shanghai Stock Exchange has a daily closing price of less than 1 yuan for 20 consecutive trading days, the company's shares may be terminated by the Shanghai Stock Exchange.
According to preliminary calculations, Shimao shares are expected to reach a daily closing price of less than 1 yuan for 20 consecutive trading days after the close on May 15, 2024, and the company's shares are expected to be suspended continuously from May 16, 2024. According to the relevant provisions of the Stock listing rules of the Shanghai Stock Exchange, if the company touches the situation of compulsory delisting of the above trading category, the Shanghai Stock Exchange will make a decision on whether to terminate the listing of the company's shares within 15 trading days. The trading category forces the shares of delisted companies not to enter the delisting period for trading.
(source: Beijing News)
