1. Waiting for the securities company to handle the share transfer, the shareholders will open the share transfer account with their ID cards, and go through the procedures of share confirmation and transfer custody.
2. The delisted stocks enter the third board, and the stocks in hand can be sold at this time.
3. You can also choose to continue to hold stocks, because delisted listed companies may return to the main board after reorganization.
Stock delisting refers to the situation that listed companies actively or passively terminate listing because they can't meet other listing standards such as exchange finance, and become unlisted companies from listed companies. 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.
Extended data:
Stock delisting refers to the delisting of listed companies due to active or passive reasons, accompanied by the withdrawal of stocks from the secondary market. 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: the shareholders' meeting decides not to renew the license when the operating period expires; 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.
There are several situations:
1, privatization delisting
Privatization and delisting are generally completed through active delisting. For example, Liaohe Oilfield (0008 17) and Jinzhou Petrochemical (000763).
2. Stock exchange delisting
The delisting of a stock exchange is generally voluntary. After the stock exchange is delisted, the original shareholders will become shareholders of another company. For example, after S shandong aluminum industry (600205) and S Lan Aluminum (600296) and China Aluminum (60 1600) exchanged shares, the original shareholders of S shandong aluminum industry (600205) and S Lan Aluminum (600296) became shareholders of China Aluminum (60 1600).
3. Loss delisting
Loss delisting is generally passive delisting. ST shares, listed companies that have suffered losses for three consecutive years, will be suspended from listing, and will be delisted if they still fail to meet the conditions for resuming listing within the prescribed time limit. For example, *ST Precision (600092)S*ST Longchang (600772) was delisted because it could not publish its annual report within the specified time after the suspension of listing.
4. The stock price is less than 1 yuan.
Delisting with a share price below 1 yuan is generally passive delisting. If the share price of a listed company is lower than 1 yuan for 20 consecutive trading days, it will be forcibly terminated by the exchange. For example, San Hong Zhong (000979).