Yulong Gold(SH:601028) IPO日报·2025-05-20 11:28Core Viewpoint - Shandong Yulong Gold Co., Ltd. has announced the termination of its stock listing on the Shanghai Stock Exchange, effective May 27, 2025, without entering a delisting transition period [1][5]. Group 1: Delisting Process - The entire delisting process took only two months, starting from the company's announcement of its intention to voluntarily delist on March 21, 2025, due to poor operating conditions and deteriorating cash flow [3]. - On April 8, 2025, the company announced that the decision to voluntarily terminate its stock listing had been approved by the shareholders' meeting, and it would apply for the stock to enter the National SME Share Transfer System for continued trading [3][5]. - The company set up a dissenting shareholder protection mechanism, offering a cash option at a price of 13.20 yuan per share during the declaration period from April 17 to April 23, 2025 [3]. Group 2: Cash Option Declaration - During the cash option declaration period, a total of 31,439 securities accounts submitted declarations, with a total of 449,108,810 shares declared [4]. - After filtering out invalid declarations, 31,404 securities accounts had valid declarations, amounting to 448,882,715 shares [4]. Group 3: Market Context - In 2025, a total of 9 companies have completed the delisting process in the A-share market, which is comparable to the same period last year [6][7]. - Other companies, such as AVIC Industrial Capital Holdings Co., Ltd., have also initiated voluntary delisting applications [7].