Shanghai Lingyun Industries Development (SH:900957) 证券时报·2025-06-09 15:11Core Viewpoint - The company *ST Lingyun B is facing potential delisting due to its stock price being below 1 yuan for 20 consecutive trading days, marking it as the first B-share to potentially delist for this reason in 2025 [1][8]. Summary by Sections - Delisting Announcement: On June 9, *ST Lingyun B received a notice from the Shanghai Stock Exchange regarding the potential termination of its stock listing due to the stock price falling below 1 yuan for 20 consecutive trading days [4][6]. - Historical Context: Historically, B-share delistings are rare, and instances of delistings due to a stock price below 1 yuan are even less common [2][10]. - Company Background: Established in December 1998, *ST Lingyun B primarily engages in photovoltaic power generation and commercial property management, with electricity revenue being its main income source [7]. - Next Steps: Following the notice, the company can request a hearing or make statements regarding the delisting. The Shanghai Stock Exchange will review the case and make a final decision within 15 trading days after the hearing process [6][4].