Core Viewpoint - Hongjiu Fruit (06689.HK), known as the "first stock of fruit," is facing delisting from the Hong Kong Stock Exchange after failing to disclose financial reports on time, leading to a suspension of over a year and a half [2][3]. Group 1 - The Hong Kong Stock Exchange announced the cancellation of Hongjiu Fruit's H-share listing status effective from December 30, following the company's inability to resume trading by September 19 [3]. - At its peak in 2022, Hongjiu Fruit had a market capitalization of 67 billion HKD and was the largest fruit distributor in China based on sales revenue, as well as the largest distributor of durians and imported dragon fruits [3]. - The company was suspended in March 2024 due to its failure to disclose financial reports, with KPMG raising concerns about a prepayment balance of approximately 4.47 billion CNY as of the end of 2023 [4]. Group 2 - In the fourth quarter of 2023, Hongjiu Fruit made payments of about 3.42 billion CNY to several suppliers, most of whom were new trading partners without historical transaction records [4]. - KPMG recommended the establishment of an independent investigation committee to assess the commercial rationale of the prepayments and suggested hiring a third party for assistance [4]. - In April 2024, KPMG resigned as the company's auditor, and as of now, Hongjiu Fruit has not disclosed its 2023 annual report or subsequent periodic reports [4]. Group 3 - In April 2024, Hongjiu Fruit announced that the Chongqing Public Security Bureau was investigating allegations of loan fraud and issuing false VAT invoices, resulting in various criminal measures against key executives [4]. - The company's headquarters has been restricted by law enforcement since January, hindering normal operations [4]. - In May 2024, Hongjiu Fruit applied for reorganization and pre-reorganization in court, following the collective resignation of its three independent non-executive directors, leaving the company without independent directors or audit committee members [4].

Core Viewpoint - Hong Jiu Fruit (06689.HK), known as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, leading to a suspension of trading for over a year and a half [1][4]. Group 1: Company Background - Hong Jiu Fruit specializes in the full industry chain operation of high-quality fruits and was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion [2][5]. - In 2022, the company was the largest fruit distributor in China by sales revenue, as well as the largest distributor of durians and imported dragon fruits [2][5]. Group 2: Financial and Operational Issues - The company was suspended from trading in March 2024 due to its failure to disclose financial reports, with KPMG noting a prepayment balance of approximately CNY 4.47 billion as of the end of 2023 [2][5]. - In the fourth quarter of 2023, Hong Jiu Fruit made payments of about CNY 3.42 billion to several suppliers, most of whom were new trading partners without historical transaction records [2][5]. - KPMG recommended the establishment of an independent investigation committee to assess the commercial rationale of the prepayments and consider hiring a third party for assistance [2][5]. Group 3: Legal and Governance Challenges - In April 2024, KPMG resigned as the company's auditor, and as of now, the company has not disclosed its 2023 annual report or subsequent periodic reports [3][6]. - The company announced in April that the Chongqing Public Security Bureau had initiated an investigation into allegations of loan fraud and the issuance of false VAT invoices, resulting in various board members being subjected to criminal measures [3][6]. - Since January 2024, the company's headquarters has been restricted by public security authorities, hindering normal operations [3][6]. - In May 2024, Hong Jiu Fruit applied for restructuring and pre-restructuring in court, while three independent non-executive directors resigned, leaving the company without independent directors or audit committee members [3][6].

Core Viewpoint - Chongqing Hongjiu Fruit Co., Ltd. ("Hongjiu Fruit", 06689.HK), known as the "first fruit stock," is set to be delisted from the Hong Kong Stock Exchange after failing to resume trading for over a year and a half [1][4]. Group 1: Company Overview - Hongjiu Fruit was established in 2002, focusing on high-end imported fruits and high-quality domestic fruits through a comprehensive digital supply chain [2][6]. - The company was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market capitalization of HKD 67 billion [3][7]. Group 2: Financial Performance - In March 2024, Hongjiu Fruit was suspended from trading due to its inability to disclose financial reports on time, with a market value of approximately HKD 2.795 billion at the time of suspension, reflecting a decline of over 95% from its peak [3][7]. - As of the end of 2023, the company reported a prepayment balance of approximately CNY 4.47 billion, with significant payments made to new suppliers lacking historical transaction records [3][7]. Group 3: Legal and Regulatory Issues - In April 2025, the company announced that its chairman and others were under criminal investigation for loan fraud and issuing false VAT invoices, leading to operational restrictions at its headquarters [4][8]. - The company has multiple legal issues, including 39 enforcement actions totaling over CNY 80 million and 10 instances of being untrustworthy, with a total amount involved of nearly CNY 1 million [8].

Core Viewpoint - Hongjiu Fruit (06689.HK), known as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, leading to a suspension of trading for over a year and a half [1][4]. Group 1: Company Background - Hongjiu Fruit specializes in the full industry chain operation of high-quality fruits and was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion [2][5]. - In 2022, Hongjiu Fruit was recognized as the largest fruit distributor in China by sales revenue, as well as the largest distributor of durians and imported dragon fruits [2][5]. Group 2: Financial and Operational Issues - The company was suspended from trading in March 2024 due to its failure to disclose financial reports on time. As of the end of 2023, the group had a prepaid balance of approximately CNY 4.47 billion [6]. - In the fourth quarter of 2023, Hongjiu Fruit made payments of about CNY 3.42 billion to several suppliers, most of whom were new trading partners without historical transaction records. Some suppliers had registered capital lower than the prepaid amounts, and certain suppliers had zero social insurance coverage [6]. Group 3: Legal and Governance Challenges - In April 2024, the auditing firm KPMG resigned from its role, and the company has not disclosed its 2023 annual report or subsequent periodic reports [3][6]. - In April 2024, Hongjiu Fruit announced that its chairman and several board members were under criminal investigation for loan fraud and issuing false VAT invoices, leading to various restrictive measures against the company [3][7]. - In May 2024, the company applied for restructuring and pre-restructuring in court, and all three independent non-executive directors resigned, leaving the company without independent directors or audit committee members [7].

Core Viewpoint - Hong Jiu Fruit (06689.HK), known as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to its inability to disclose financial reports on time, leading to a suspension of trading for over a year and a half [1][2]. Group 1: Company Background and Market Position - Hong Jiu Fruit was listed on the Hong Kong Stock Exchange in September 2022, reaching a peak market value of HKD 67 billion [2]. - The company was the largest fruit distributor in China by sales revenue in 2022, and it was also the largest distributor of durians and imported dragon fruits in the country [2]. Group 2: Financial and Operational Issues - The company was suspended from trading in March 2024 due to its failure to disclose financial reports, with KPMG noting a prepayment balance of approximately CNY 4.47 billion as of the end of 2023 [2]. - In the fourth quarter of 2023, Hong Jiu Fruit made payments of about CNY 3.42 billion to several suppliers, most of whom were new trading partners without historical transaction records [2]. - Some suppliers had registered capital lower than the prepayment amounts received in 2023, and certain suppliers had no employees registered for social insurance [2]. Group 3: Investigations and Legal Issues - KPMG recommended that the company's audit committee establish an independent investigation committee to assess the commercial rationale of the prepayments and consider hiring a third party for assistance [3]. - In April 2024, KPMG resigned as the company's auditor, and the company has not disclosed its 2023 annual report or subsequent periodic reports [4]. - The chairman and several board members of Hong Jiu Fruit are under criminal investigation for alleged loan fraud and issuing false VAT invoices, with various restrictive measures imposed by the police affecting the company's operations [4]. - In May 2024, the company applied for restructuring and pre-restructuring in court, while all independent non-executive directors resigned, leaving the company without independent oversight [4].

*ST东通退市倒计时。 12月22日晚间，深交所发布《 关于北京东方通科技股份有限公司股票终止上市的公告 》，深交所 决定终止 *ST东通（300379） 股票上 市。 同日，*ST东通亦发布相关公告。公告显示， 公司股票将于 2025年12月30日复牌并进入退市整理期，退市整理期为十五个交易日，预计最 后交易日期为2026年1月21日。 退市整理期首个交易日，公司股票价格无价格涨跌幅限制，此后每日涨跌幅限制为20%。 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体法律责任的权利。 据悉，11月25日，*ST东通及相关当事人收到中国证券监督管理委员会北京监管局下发的《行政处罚决定书》。根据该《行政处罚决定书》 载明的事实，公司2019年至2022年年度报告信息披露存在虚假记载。 2018年12月，东方通收购泰策科技100%股权，泰策科技成为东方通全资子公司。2019年至2022年期间，东方通通过泰策科技虚构业 务、提前确认收入等方式虚增收入、利润，导致东方通披露的2019年至2022年年度报告存在虚假记载。东方通2019年至2022年分别虚 增收入6 ...

Core Viewpoint - Nokia has decided to apply for delisting its shares from the Euronext Paris exchange based on a comprehensive assessment of trading volume, costs, and administrative requirements associated with being listed there [1] Group 1 - Nokia's shares will continue to be listed on the Helsinki Nasdaq exchange, and its American Depositary Receipts will remain traded on the New York Stock Exchange [1] - The delisting is expected to take effect within the next three months, pending approval from the Euronext board [1]

Group 1 - In September, 11 new companies were listed in the domestic market, raising a total of 11.689 billion yuan [1] - Two companies were delisted in September [1] - Since the beginning of the year, there have been 11 new A+H share companies and over 70 domestic companies listed overseas [1] Group 2 - As of September, there are 1,835 Chinese concept companies listed in major overseas markets [1]

Core Viewpoint - Hongjiu Fruit (06689.HK), once hailed as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to unresolved investigations and management issues [2][6]. Group 1: Company Background - Hongjiu Fruit was established in 2002 and became the largest fruit distributor in China by 2022, although it held less than 2% market share due to market fragmentation [3]. - The company went public in September 2022, becoming the first listed company in the domestic fruit industry [3]. Group 2: Financial Issues - The company suspended trading on March 20, 2024, citing an inability to disclose its 2023 annual financial results [3]. - KPMG, the auditing firm, resigned in April 2024, citing abnormal transactions, including prepayments of approximately 3.42 billion yuan to several new suppliers, which accounted for over 70% of the total annual prepayments of 4.47 billion yuan [4]. - As of the first half of 2023, the company reported revenue of 8.537 billion yuan, a year-on-year increase of 19.37%, while net profit attributable to shareholders was 804 million yuan, a year-on-year decrease of 6.26% [4]. Group 3: Management Crisis - On April 16, 2025, the founder and chairman, Deng Hongjiu, along with several key executives, were detained for suspected loan fraud and issuing false VAT invoices [5]. - The company's main office was restricted by police, leading to operational difficulties [5]. - The governance structure deteriorated further with the resignation of three independent non-executive directors in May 2025, leaving the company without independent oversight [5]. Group 4: Delisting Process - Despite the company's request for a review of the delisting decision, the outcome is expected to align with market predictions, making reversal of the delisting unlikely [6].

Core Viewpoint - Hongjiu Fruit (06689.HK), once hailed as the "first fruit stock," is facing delisting from the Hong Kong Stock Exchange due to unresolved financial and management issues [2][9]. Group 1: Company Background - Established in 2002, Hongjiu Fruit is a multi-brand fresh fruit group and became the largest fruit distributor in China by 2022, although it held less than 2% market share due to market fragmentation [3]. - The company went public in September 2022, becoming the first listed company in China's fruit industry [3]. Group 2: Financial Issues - The company announced a trading suspension on March 20, 2024, due to its inability to disclose its 2023 annual financial results [3]. - KPMG, the auditing firm, resigned in April 2024, citing abnormal transactions in Q4 2023, including prepayments of approximately 3.42 billion yuan to several new suppliers, which raised concerns about the legitimacy of these transactions [5]. Group 3: Management Crisis - On April 16, 2025, multiple core executives, including the founder and chairman, were arrested for alleged loan fraud and tax invoice issues, leading to operational disruptions [8]. - The governance structure deteriorated further with the resignation of three independent non-executive directors in May 2025, resulting in a lack of independent oversight [8]. Group 4: Delisting Process - Despite the company's request for a review of the delisting decision, the likelihood of reversing the outcome appears slim as the delisting process continues [9].