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000851,触发“面退”!股价仅剩0.38元

Core Viewpoint - *ST Gao Hong (000851) is facing potential delisting due to its stock price being below 1 yuan for twenty consecutive trading days, as notified by the Shenzhen Stock Exchange [1][3]. Group 1: Delisting Notification - The company received a delisting warning on September 30, indicating that its stock price was 0.38 yuan prior to the notification [1]. - The company has the right to request a hearing within five trading days or submit a written statement within ten trading days after receiving the notice [1]. Group 2: Legal and Regulatory Issues - *ST Gao Hong is also under scrutiny for major violations that could lead to forced delisting, as indicated by an administrative penalty notice from the China Securities Regulatory Commission (CSRC) [3]. - The CSRC has proposed a fine of 160 million yuan against the company and 7 million yuan against third parties involved in fraudulent activities [3]. - The company has been accused of engaging in non-substantive business practices that inflated revenue and profits, violating securities laws [3]. Group 3: Ongoing Compliance and Future Actions - As of the announcement date, the company has not received a formal penalty decision and will continue to cooperate with the CSRC while exercising its rights to appeal [4]. - The company is aware that if it triggers multiple delisting conditions, the stock will be delisted based on the first condition that occurs [4].