太突然！“曾花2.8亿港元买只杯子”的资本大佬，旗下公司拟主动退市！11万股东深夜惊雷：我们怎么办？公司股价已腰斩

Core Viewpoint - *ST Tianmao plans to voluntarily withdraw from A-share trading due to ongoing financial difficulties and a "annual report production crisis," which has led to a significant decline in stock price and market capitalization [1][4][11] Group 1: Company Background and Financial Situation - *ST Tianmao, originally established as a chemical company, has transitioned to the financial and insurance sector, with 99.99% of its revenue coming from its subsidiaries, Guohua Life and Huarui Insurance [3][4] - The company has faced regulatory scrutiny since failing to disclose its annual report on time, resulting in a stock price drop from 3.38 yuan to 1.45 yuan, a decline of over 50% [1][15] - The company anticipates a net loss of 500 million to 750 million yuan for the 2024 fiscal year, attributed to declining interest rates affecting its life insurance subsidiary [10][11] Group 2: Voluntary Delisting and Shareholder Impact - The decision to voluntarily delist requires approval from the shareholders' meeting, with a cash option offered to shareholders at a price of 1.60 yuan per share, representing a 10% premium over the current stock price [1][12][15] - Approximately 66.78% of the company's shares are held by major stakeholders, including Liu Yiqian, which is just above the two-thirds threshold needed for the decision to pass [12][18] - Shareholders face a difficult choice: accept the cash option and realize losses or reject it and risk total loss if the company is forced to delist [16][18] Group 3: Regulatory and Market Reactions - The announcement of voluntary delisting is rare in the A-share market, as companies typically strive to avoid delisting [7] - The company has stated that it is not planning any major asset restructuring or specific timelines for re-listing after delisting [17] - Legal experts suggest that while the cash option may provide a buffer for shareholders, it could also affect their rights to claim compensation for past regulatory violations [19][20]