2. Those who don't sell during the delisting period can only continue to be shareholders of the company, and the company can continue to pay dividends if it doesn't go bankrupt. If after bankruptcy liquidation, the remaining money after debt repayment can be divided according to the shareholding ratio.
3. After delisting, the stock will enter the third board trading, and the investor's A-share account will no longer display the stock information.
4. If investors want to trade stocks on the Third Board, they must first open a Third Board account and go through the procedures of share confirmation and transfer custody.
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.
type
Delisting can be divided into active delisting and passive delisting:
Active delisting
It means that the company voluntarily applies to the regulatory authorities for cancellation permission 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
It 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.
situation
1, privatization delisting
Privatization and delisting are generally completed through active delisting.
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.
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.
procedure
However, there must be a delisting standard for delisting. At present, the delisting of listed companies adopts a single standard: delisting after three years of continuous losses. The delisting of listed companies is the transformation from listed companies to unlisted companies. The company still exists and can operate. The delisting of futures institutions from existence to extinction is also an important reason why the delisting system has been delayed.
What about the money of delisting shareholders?
If a listed company withdraws from the market because of bankruptcy, shareholders will not be compensated no matter how much money they have. If listed companies take the initiative to withdraw from the market, there is still a chance to re-list. Shareholders' money will be compensated after a period of time.
If you passively withdraw from the market for some reason, then the investor's money will sink into the sea. Users can wait for the securities company to transfer shares, and shareholders can open a share transfer account with their ID cards to go through the procedures of share confirmation and transfer custody.
After delisting, the stock will enter the third board. At this point, investors can sell their stocks or choose to continue to hold stocks, because the delisted listed companies may return to the main board after reorganization.