2. Need to go to the securities company to confirm the right, open the three-board trading authority, and then trade.
1. For many ordinary people, delisting may mean taking off the brand on clothes, but in the capital market, it actually has a similar meaning. To put it bluntly, a company becomes a listed company, which is also a public company. It is no longer a private company, but has a strong social reputation, and its popularity and reputation have risen sharply, invisibly becoming a golden signboard of a company.
2. This is also an important reason why many listed companies want to go public, because once you go public, it means that there are national endorsements, social endorsements and financial system endorsements, so that your enterprise can accelerate its development and grow into a standardized large enterprise. Brand is the golden signboard to remove the listing of enterprises. In layman's terms, it used to be a listed company, but now I want you to retire and become an ordinary company. In technical terms, delisting means that if the listing period of securities expires or the listing conditions are no longer available according to law, the stock exchange will terminate its listing. There is no name of this enterprise in the stock exchange, so it is impossible to trade the shares of this enterprise, and securities companies cannot buy or sell the shares.
3. It is particularly important to note here that delisting does not mean delisting, because delisting can be divided into active and passive, and delisting is passive, mainly because the audit institution thinks that the deadline expires and it does not meet the requirements of the stock exchange. Delisting may be due to the active choice of listed companies or the passive choice of major changes, which has little to do with the exchange. After delisting, the stock does not mean delisting, and it needs to be transferred to a new sector to continue trading, but it is no longer in the exchange, but what we often call the new third board market. Of course, delisting is not as simple as taking off the brand of clothes you just bought. It has standards and specifications. In China, there are several situations in which listed companies face delisting.
(1) The company decided not to apply for a grace period;
(2) Failing to file an application for grace period within the specified time (i.e. within 45 days from the date of suspension of listing) or the application for grace period has not been approved by the stock exchange;
(3) The company whose listing has been suspended fails to publish its annual report on the deadline of grace period;
(4) sustained losses in the first fiscal year during the grace period, or its financial report was issued with negative opinions or refused to express opinions by certified public accountants;
(5) The application for resumption of listing has not been approved.