New three board forced delisting into normality, photo social APP nine word technology application for delisting

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 New three board forced delisting into normality, photo social APP nine word technology application for delisting


On the evening of Nov. 2, the National Stock Transfer Corporation announced that 21 new third-board companies were forced to delist because they did not disclose annual reports or semi-annual reports, which has become the normal state of the new third-board companies.

October 31 is the deadline for the new third board company to issue its 2018 semi-annual report. However, in addition to the companies that have submitted the application for active delisting, there are 57 listed companies that have not disclosed their reports. In order to avoid some companies taking advantage of the delisting rules to circumvent supervision, 36 of them remain in the new three boards.

According to the stock transfer system announcement, the 36 companies have suspected irregularities or other pending verifications, and need to start the termination of listing procedures after the relevant matters have been dealt with.

Periodic report is an important content of information disclosure of listed companies and an important source of information for investors to understand the companys operation. As a public company, listed companies disclose periodic reports within the legal time limit, which is the most basic obligation of information disclosure. Stock transfer system.

The system points out that a few listed companies do not disclose periodic reports according to market rules, which is a serious violation of the legitimate rights and interests of investors. The resolute implementation of compulsory delisting is to effectively fulfill the first-line regulatory responsibilities, effectively maintain market order, and further improve the overall operation quality of the market.

The forced delisting companies will be officially delisted on November 5. The stock transfer system requires them to actively respond to investorsdemands and to be assisted by the sponsor securities firms to do a good job of investor communication.

Half of the 21 enterprises have completed equity financing in the new third board. Among them, touch screen panel manufacturers and innovative enterprise Huidian Technology (83838393.OC) have implemented two rounds of fixed growth. In May this year, 28 million yuan, totaling 79 million yuan, was added.

In recent years, the companys performance has maintained rapid growth, but in 2017, its performance suddenly declined sharply, with net profit falling 45% to 8.65 million yuan from a year earlier. Last year, the companys annual report was also qualified by accounting firms, and the share price of the companys collective bidding transaction dropped from 14.5 yuan in January to 1.3 yuan in August.

As early as 2012, Colin (430132. OC), also known as the agent stock transfer system at that time, was also forced to delist. When the company was listed in July 2012, the new three boards were just beginning to be built. State Railway Colin, which is mainly engaged in purifying boilers, has been losing money in recent years. Last year, it just turned a profit. There are few trades on the new three boards.

In addition, among the 36 temporarily detained enterprises, ST Jiuyan (836484.OC), or Hangzhou Jiuyan Science and Technology Co., Ltd., is mainly engaged in photo social networking. It has inAPP and Aitu Buy shopping guide websites.

ST Jiuyan is also a typical money-burning Internet company, with losses of 210 million yuan, 130 million yuan and 110 million yuan in 2015, 2016 and 2017 respectively. At the same time, the companys business income has maintained a high growth rate, increasing 54 times in 2016 and 88% to 70.27 million yuan in 2017. Because of continued losses, the companys net assets audited at the end of last year were negative and wore STs hat. Jingwei Venture Capital is the largest shareholder besides the two founders. It holds 12% of the companys equity through Jingwei (Hangzhou) Venture Capital Partnership (Limited Partnership) and Jingwei Chuangteng (Hangzhou) Venture Capital Partnership (Limited Partnership). ST nine words did not trade on the new three boards, but in 2016, there was a fixed increase of 120 million yuan. In August of this year, ST nine words decided to apply for a delisting from the new three board, which is currently being delisted. Source: first financial responsibility editor: Joe Chun Jing _NBJ11279

ST Jiuyan is also a typical money-burning Internet company, with losses of 210 million yuan, 130 million yuan and 110 million yuan in 2015, 2016 and 2017 respectively. At the same time, the companys business income has maintained a high growth rate, increasing 54 times in 2016 and 88% to 70.27 million yuan in 2017.

Because of continued losses, the companys net assets audited at the end of last year were negative and wore STs hat.

Jingwei Venture Capital is the largest shareholder besides the two founders. It holds 12% of the companys equity through Jingwei (Hangzhou) Venture Capital Partnership (Limited Partnership) and Jingwei Chuangteng (Hangzhou) Venture Capital Partnership (Limited Partnership).