It plummeted nearly 90%in a single day!One -generation color TV giant farewell to A shares

On the evening of June 23, Xiamen Overseas Chinese Electronics Co., Ltd. (Turning in Xiahua, formerly known as "Xiahua Electronics", 600870) issued an announcement saying that as of June 23, the company's shares have traded In the five trading days, the delisting period has ended.

June 23 is the last trading day of the delisting of Xiahua in A shares. As of the close of the day, the shares of the shares of Xiahua's shares were 0.6 yuan per share, and the final market value was only 314 million yuan.

According to the announcement, the company's shares will be delisted by the Shanghai Stock Exchange on June 30, and the company's shares will be terminated. This also means that this generation of color TV giants listed in 1995 will bid farewell to A shares.

In recent years, the company has been walking on the edge of the delisting.

According to the announcement, the company's stock shares have been implemented from May 6, 2021 due to the negative value of the audited net profit in 2020 and the operating income of less than 100 million yuan.

On April 29, 2022, the company disclosed the "Special Inspection Opinions on the Deduction of Xiamen Overseas Chinese Electronics Co., Ltd. in 2021" issued by the 2021 annual report and annual audit accountant showed that The net profit was -62.377 million yuan, and the operating income was 152 million yuan. The amount after deducting the amount of income that had nothing to do with the main business or did not have the substantial business was zero yuan. The above situation belongs to the termination situation stipulated in Article 9.3.11 of the Shanghai Stock Exchange Stock Listing Rules.

On May 25 this year, the delisting Xiahua received the Shanghai Stock Exchange's "Decision on the Termination of the Stocks of Xiamen Overseas Chinese Electronics Co., Ltd." Decide to terminate the company's stock listing. The company's shares traded on the delisting period on June 2, 2022.

On June 2nd, the first day of its delisting period, the stock price of hire in Xiahua plummeted by nearly 90%, a minimum of 0.35 yuan.

According to the announcement, after the termination of the shares of the delisting Xiahua will enter the two -network company and delisting company section of the national and medium -sized enterprise shares transfer system Co., Ltd. to rely on the original securities company's agency shares transfer system. Regarding the relevant matters such as the relevant procedures of the company's shares, registration and custody, and specific arrangements after the termination of the listing, the host brokerage will issue a shares to the issuance of the shares in the delisting section the fifth trading after the company's stock delivery.

Source: CCTV trading time

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