Core Viewpoint - *ST Tianmao is moving closer to voluntary delisting due to continuous performance decline and inability to meet disclosure obligations, with a significant majority of shareholders voting in favor of the delisting proposal [1][2][5] Summary by Sections Company Performance and Delisting - *ST Tianmao has been experiencing ongoing losses, with a reported net profit of -6.52 billion yuan in 2023 and projected losses for 2024 ranging from 5 billion to 7.5 billion yuan [5][6] - The company announced a voluntary delisting plan, with 98.0562% of votes in favor, indicating strong shareholder support for this decision [1][2] Shareholder Actions and Market Reaction - Over 8,000 investors have sold their shares since the announcement of potential delisting risks, with the stock price dropping approximately 50% to a low of 1.39 yuan per share [3][5] - The company will provide a cash option at 1.6 yuan per share, which is a 10.34% premium over the last trading price before suspension [4][5] Regulatory and Legal Implications - The company is under investigation by the China Securities Regulatory Commission for failing to disclose regular reports, which constitutes a violation of securities law [6][7] - Other companies, such as Hengli Industrial and *ST Zitian, have faced similar issues, leading to administrative penalties and delisting, indicating a broader trend in the industry [6][7]
*ST天茂主动退市通过股东会审议 后续仍将受监管处罚
Zheng Quan Ri Bao·2025-08-25 16:04