Introduction:
The delisting standard of A-share companies due to performance factors is to suspend listing for three consecutive years (temporarily keep the code and qualification). If you continue to lose money after delisting in the next 6 months, you will face delisting. Another delisting situation occurs when the company is privatized. After the major shareholders or strategic investors buy back all the outstanding shares, they can announce that the company will be changed from a public listed company to a private company. For example, after Sinopec (600028) privatizes its listed subsidiaries, these subsidiaries will be delisted one by one.
Delisting can be divided into active delisting and passive delisting:
Voluntary delisting means that the company voluntarily 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: when the operating period expires, 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.
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.