Source: Snow Ball APP, Author: Time to teach you to recognize the world.The exit rules of the exit: less than 600 shareholders, or less than 400 shareholders holding more than 100 shares; the public holds less than 200,000 shares, or the total market value is less than 1 million US dollars; for five years, the operation has been in a loss state of losses for five years.; The total assets of listed companies have been less than 4 million US dollars, and have been losing money in the past 4 years.When prescribed, the New York Securities Stock Exchange will terminate its listing in the company; when the court announces the bankruptcy of the listed company, the New York Stock Exchange will terminate its listing in the company.: The tangible net assets of listed companies should not be less than 2 million US dollars; the market value cannot be less than 35 million US dollars; the recent net income of a accounting year is not less than 500,000 US dollars, or the net revenue of two accounting years in the last three accounting years is not low.At $ 500,000; the public holds less than 500,000 shares; the minimum quotation procurement price cannot be less than $ 1; the number of people in the market must not be less than 2; the number of shareholders must not be less than 300.Obligations, the New York Securities Stock Exchange will terminate its listing in the company.The delisting warning will be issued to the listed company.It will terminate its company's listing. After we understand the rules of U.S. stock delisting, we will take a look at what circumstances will we usually compensate shareholders? The fake delisting will be compensated.If compensation for investors, it is definitely impossible.After money, it will also be investigated by the law.Rich, combined with certainty and quantitative: (1) India's liquidity and volume of listed companies' stocks, compliance with listed agreement, serious violations of laws and regulations on manipulation markets, and the risk of the company's financial 7 debt risk are allPay more attention to qualitative standards, and give the exchange higher free tailoring; (2) India's delisting standards for the determination of the company's business capabilities are more comprehensive and reasonable, and the fixed nature is combined with the Indian stock market.Index indicators such as profit, cash reserves, tangible assets, and dividends reflect the company's financial resources.Indian standards pay more attention to the company's actual influence on the market.There are also many listed companies in the Indian stock market, but there are also more delisting, the delisting system is stricter, and investors are more protected. The punishment for illegal and illegal behaviors is extremely great.Each stock exchange.A special group formed by the Stock Exchange decided whether to take a compulsory delisting measure for listed companies to clarify a subject.There are no so -called "transition periods" in the Indian Exchange's delisting procedure.Once the exchanges believe that the listed company is necessary to suspend trading, the resolution passed after the special group decision, and its resolution will take effect immediately after the appeal period on the 15th.At the same time, it pays more attention to the protection of investors' rights and interests, which is mainly reflected in the formulation mechanism for exit price.In addition, the Indian stock market clearly stipulates the protection clauses in investors in the delisting system.For the forced delisting, the exchanges designated the stock repurchase price by the designated professional team, and the delisting company must repurchase the stock at the price.Once the forced delisting decides to take effect, the exchanges need independent professional teams to evaluate the company's assets. The fair price of the stock is set. The forced delisting company must repurchase the stock from the public investor at the price at the price, otherwise it will face punishment.Regarding the active delisting and the stock price concentrated bidding, the listed company decided whether to repurchase at the price. If the repurchase of 90%of the public shares in half a year, it is considered that the active delisting fails!3. Rules of A -share retreat (1), finance (or after retrospective adjustment): 1. In the recent accounting year, those who deduct non -front/post -rear net profit are negative and revenue is less than 100 million yuan.City risk alert*ST; 2. In the recent accounting year, net assets are negative, and a warning of delisting risk*ST; 3. The recent accounting annual financial accounting report has been issued to be unable to express or negative opinions.ST; After the listed company touches the above three situations, after the shares of the shares have been implemented, one of the following situations in the first accounting year will decideThe net profit is negative, and the revenue is less than 100 million yuan; (2) the annual report of net assets is negative;; (4) The company did not disclose the last year's annual report within the statutory period;(2) Demonstration of major violations of laws and regulations: 1Kolkata Investment. Listing fraud issuance, reorganization of listing fraud issuance; 2. Harmly public safety; 3. Annual report fakes, for 2 consecutive years of false records of revenue/total profit of 500 million, more than 2 years50%of the total revenue/profit; (3), specifications: (1) the annual report and semi -annual report were not disclosed within the statutory period, and it was not disclosed within two months of suspension of the stock;It is lower than 1 yuan or less than 300 million market value for 20 consecutive trading days!-------------------------------------------------The delisting of science and technology board delisting rules, trading delisting,Touch the following situations, the company will be forced to delist.1. Cumulative transactions for 120 consecutive days are less than 2 million shares; 2Kolkata Wealth Management. The transaction price of 20 consecutive days is lower than the face value; 3. The stock market value of the 20 consecutive trading days is less than 300 million yuan; 4. The number of shareholders of 20 consecutive trading days will beBesium less than 400 people.Touching any of the following situations, the "risk warning of delisting risk" ● The net profit of the recent audit deduction of an audit of the recent accounting year was negative and the operating income was lower than 100 million yuan.● Recently, the net assets at the end of the audit of the accounting year are negative.● A audit report that has recently issued a financial accounting report on the year's accounting year.● Recently, an annual annual report of an accounting year has false records, misleading statements or major omissions.Touch any of the following situations, the company will be forced to delist ● Most of the main business has stagnated or extremely low scale.● The significant reduction of operating assets has caused the unable to maintain daily operations.● Business income or profit mainly comes from transactions that do not have the essence of business.● Business income or profit mainly comes from business that has nothing to do with the main business.● Other circumstances that obviously lose continuous operation capabilities.Standardize the "delisting risk warning" plus "* ST" to trigger the delisting risk.The market process, if it is revoked, enters the delisting process.● There are major accounting errors or false records in the financial accounting report.No semi -annual reports or annual reports have not been disclosed within the statutory period.● More than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report or annual report disclosed by the company, and have not been corrected within the statutory period.● There are major defects in information disclosure or standardized operation.The company's total share capital and equity distribution have changed, resulting in no more listing conditions for 20 consecutive trading days.● The company may be forcibly dissolved according to law.● The court accepts the company's reorganization, reconciliation and bankruptcy liquidation application in accordance with the law.The following situations are triggered by major illegal delisting, and the following situations enter the delisting process.● Listed companies have major illegal acts of fraudulent issuance, major information disclosure, or other serious damage to the securities market order, and seriously affect the listing status.● Listed companies have illegal acts involving national security, public safety, ecological safety, production safety, and public health and safety. The circumstances are harsh, seriously damage national interests, social public interests, or seriously affect the listing status.Fourth, the A -share delisting has always been a difficult problem in the boss. In 2023, the most delisting year, a total of 44 stocks were forcibly delisting.Most delisting is forced to delist due to the provisions of triggering the stock price for 20 consecutive trading days or lower than 300 million market value.The power of other terms is not powerful, and the room for triggering is very large, so there are very few companies withdrawn.A shares have set up a year's*ST finishing period for the company that triggers financial warning, which is also the crux of A shares.This collation period is too long.Compared with the US stock delisting rules (the New York Stock Exchange corresponds to our motherboard, Nasdaq corresponds to our science and technology board,), the A -share motherboard lacks the regulations that are forced to delist for consecutive years and for five consecutive years without dividends.And we have insufficient compensation and punishment for counterfeiting off -stock, and our protection for investors is weak.For example, US stocks 'punishment measures for listed companies involve fraudulent delisting and the Indian stock market formulates a compulsory delisting and repurchase rules, which are very complete, which can protect the interests of investors' interests and powerful measures.
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