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202 1 List of Delisted Stocks
The two cities have delisted Gangtai, Jinyu, *ST Hangtong, *ST Chengcheng, *ST Yisheng, Tianxia Retirement, Gong Xin who delisted, Great Wall Retirement, Lin Qiu who delisted, Kant Retirement, *ST Xinwei, Op Retirement, etc.

Delisting refers to the situation that a listed company actively or passively terminates its listing because it cannot meet other listing standards of the exchange, that is, a listed company becomes a non-listed company. Delisting can be divided into active delisting and passive delisting, and there are complicated delisting procedures.

Extended data

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.

In the United States, listed companies must be delisted as long as they meet one of the following conditions:

1. The number of shareholders is less than 600, and the number of shareholders holding more than 100 shares is less than 400.

2. The public holds less than 200,000 shares, or its total value is less than $654.38+00,000.

3. Operating losses in the past five years.

4. The total assets are less than $ 1 10,000, and there have been losses every year for the past four years.

The total assets are less than 2 million dollars, and it has been losing money every year for the past two years.

6. No bonus for five consecutive years.

Japan's securities market stipulates that listed companies must withdraw from the market in any of the following circumstances:

1. The number of listed shares is less than100000 shares, and the capital is less than 500 million yen;

2. The number of social shareholders is insufficient 1000 (delayed by one year);

3. Business activities are stopped or in a semi-stopped state;

4. No dividend has been paid in the last five years;

5. Liabilities exceed assets for three consecutive years;

6. Listed companies have "false records", which has great influence.

Exchanges generally have greater autonomy in delisting listed companies. According to Rule 604 of the Listing Rules of the Hong Kong Stock Exchange, the Stock Exchange has the right to terminate the listing of companies that it considers do not meet the listing criteria. The decision of a stock exchange to terminate its listing does not need the approval of the Securities and Exchange Commission.