智通财经网·2025-08-31 08:19Core Viewpoint - *ST Tianmao (000627.SZ) is undergoing a significant business restructuring, facing major uncertainties that could have a substantial impact on Tianmao Group [1] Group 1: Business Restructuring - The company plans to withdraw its A-share listing on the Shenzhen Stock Exchange through a shareholder resolution, and after delisting, it will apply to transfer to the National Equities Exchange and Quotations for management in the delisting segment [1] - The company will initiate a protection mechanism for dissenting shareholders and other shareholders, providing cash options to all A-share shareholders registered on the cash option equity registration date, excluding certain restricted shares [1] Group 2: Stock Suspension and Delisting Process - The company's stock has been suspended from trading since August 14, 2025, and the decision to terminate the listing has been approved in the first extraordinary general meeting of shareholders in 2025 [1] - Following the shareholder resolution to terminate the listing, the company will submit the application for voluntary delisting to the Shenzhen Stock Exchange within fifteen trading days [1]