000627，主动退市！周二摘牌

Core Viewpoint - *ST Tianmao has voluntarily applied for the termination of its stock listing, with the last trading day set for September 30, 2025, after receiving approval from the Shenzhen Stock Exchange [1][3]. Group 1: Termination of Listing - On September 25, *ST Tianmao received a decision from the Shenzhen Stock Exchange approving the voluntary 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]. Group 2: Transition to New Trading System - After the termination of its listing, *ST Tianmao's shares will be transferred to the National Equities Exchange and Quotations (NEEQ) for management in the delisted segment [1][3]. Group 3: Cash Option for Investors - The company has provided investors with a cash option at a price of 1.60 CNY per share, with approximately 1.442 billion cash options effectively declared during the application period [5]. - As of July 18, 2025, there were a total of 112,000 shareholders, and the last trading price before suspension was 1.58 CNY per share, giving the company a market capitalization of approximately 7.7 billion CNY [5].