000627，主动退市！周二摘牌！

Core Viewpoint - *ST Tianmao has received approval from the Shenzhen Stock Exchange for the voluntary termination of its stock listing, with the delisting scheduled for September 30, 2025 [1][3]. Group 1: Termination of Listing - On September 25, *ST Tianmao announced that it received the decision from the Shenzhen Stock Exchange regarding the termination of its stock listing [1]. - The company submitted its application for voluntary delisting on September 10, 2025, which was formally accepted by the exchange [3]. - The stock will transition to the National Equities Exchange and Quotations (NEEQ) for management in the delisting segment after termination [1][3]. Group 2: Cash Option for Investors - The company is providing investors with a cash option at a price of 1.60 yuan per share [5]. - Approximately 1.442 billion cash options were effectively declared during the application period, and the settlement for these options has been completed [5]. - As of July 18, 2025, there were 112,000 shareholders, with the last trading price before suspension being 1.58 yuan per share, resulting in a market capitalization of approximately 7.7 billion yuan [5].