定了！920680 重大违法强制退市

Core Viewpoint - *ST Guangdao has received a decision from the Beijing Stock Exchange to terminate its stock listing due to significant violations of regulations, including falsifying financial reports and overstating revenue and costs [2][6][7]. Group 1: Termination of Listing - On November 12, *ST Guangdao announced it received a decision from the Beijing Stock Exchange regarding the termination of its stock listing [2]. - The company has been suspended from trading since September 15, with a closing price of 9.52 yuan per share and a total market value of 638 million yuan as of September 12 [4]. Group 2: Violations and Financial Misrepresentation - The decision to terminate the listing is based on findings from the Shenzhen Securities Regulatory Bureau, which identified significant violations under the Beijing Stock Exchange's listing rules [6]. - The company was found to have falsified financial documents from 2018 to 2023, inflating reported revenue and costs by substantial margins, with revenue inflation rates reaching as high as 99.39% in 2024 [7]. Group 3: Next Steps and Compensation - *ST Guangdao will enter a delisting preparation period, and if it does not appeal the decision within 15 trading days, its stock will resume trading for a delisting preparation period [8]. - The company is currently working with its sponsor, Wukuang Securities, to establish a compensation fund for eligible investors affected by the delisting [8].