The results of stock delisting are as follows:
First, return to the main board after reorganization.
In other words, the delisting of stocks does not mean that the trading will stop immediately. Instead, it will enter the delisting period. After the formal termination of listing, there will be a delisting period of 30 trading days for investors to trade. Then it will be transferred to the outfield for trading. According to the relevant regulations, the original shares of the delisting company will be transferred by a securities company with the qualification of agency share transfer within 45 trading days. After delisting, enter the "agent share transfer system", which is what we often call the "three boards".
2. Stocks that have been delisted from the Third Board in the future.
There is also the possibility of reorganization, which will return to the main board, but this time will generally be longer. If the stock is listed on the third board, it can be traded in the third board market, three times a week (Monday, Wednesday and Friday) and once a week (every Friday), depending on the performance.
Of course, it should be noted that before trading in the third board market, you must go to the securities business department to open a shareholder account in the third board market. You need to bring your ID card, shareholder account card and your stock trading card. In the securities business department, first open an account for the shareholders of the third board, and then transfer the ownership.
After the stock is delisted, there may be three situations, one is to return to the main board after reorganization, the other is to go bankrupt, and the other is to go to the third board market.
After the stock is delisted, it is generally difficult for investors to get back the principal, but not all the money can't be got back, it depends on the situation. After delisting, investors are still shareholders of that company, but they cannot trade in the market. However, you can still get the dividends of the company and the voting rights of shareholders. When a company goes bankrupt, it can get surplus value, and its shares can be listed again.
If you put the stock in the third board market, the price will be lower. If investors ignore it, the price will eventually become zero. The original shareholders need to go through a custody procedure in the securities business department before they can trade in the third board market. Entering the third board market, in principle, investors' investment in stocks cannot be recovered.
However, compared with foreign countries, there are still relatively few tickets for delisting in the domestic market. This phenomenon is not because of the good performance of domestic listed companies, but more because some companies have been losing money every year, but they just don't withdraw from the market, play mergers and acquisitions, speculate on shell resources, speculate on performance and so on. It was our investors who got hurt last.
What is delisting?
Delisting refers to the situation that a listed company actively or passively terminates its listing because it can't meet other listing standards of the exchange, that is, it becomes a non-listed company from a listed company.
Delisting can be divided into active delisting and passive delisting, and there are complicated delisting procedures.
1. Active delisting means that the company actively applies to the regulatory authorities for cancellation of the license according to the resolutions of the shareholders' meeting and the board of directors. Generally, there are the following reasons: after the expiration of the operating period, the shareholders' meeting decides not to renew it; The shareholders' meeting decides to dissolve; Dissolution due to merger or division; Bankruptcy; Adjust the structure and layout according to market demand.
2. Passive delisting means that futures institutions are forced to revoke their licenses by the regulatory authorities, which generally leads to major risks due to major violations of laws and regulations or poor management.
Buying stocks should be "lightning" and recognize the warning of delisting. In fact, there is an early warning before the stock is delisted. Loss-making companies can continue to retain the code and qualification of listed companies for half a year before being forced to withdraw from the market, but if there is no improvement during this period, they must withdraw from the market.
At the same time, investors will also be warned of risks. A very important performance is to add signs such as "ST" or "*ST" before the company name. If investors see stocks with this word, they should think twice.