瑞财经 严明会 8月11日，*ST天茂（000627.SZ，以下简称"天茂集团"）复牌后股价一字涨停，截至收盘，公司股价收于1.52元/股，总市值约为75亿元。 | 最高: 1.52 | 今开: 1.52 | 涨停: 1.52 | 成交量: 67.7 | | --- | --- | --- | --- | | 最低:1.52 | 昨收:1.45 | 跌停: 1.38 | 成交额:1.03 | | 量比： 0.41 | 换手:1.50% | 市盈率(动): 亏损 | 市盈率(TTM): | | 委比： 100.00% | 振幅:0.00% | 市盈率(静)：亏损 | 市净率:0.34 | | 每股收益: -0.16 | 股息(TTM): -- | 总股本:49.04亿 | 总市值:74.5 | | 每股净资产:4.41 | 股息率(TTM): -- | 流通股: 45.16亿 | 流通值:68.6 | | 2周最高:5.42 | 52周最低: 1.35 | 注册制:否 | 货币单位:C | 天茂集团公司将撤回A股股票在深交所的上市交易。退市后，公司将申请转入股转系统代为管理的退市板块。 对于主动退市的原因，天茂 ...

Core Viewpoint - Tianmao Group plans to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange due to significant uncertainties related to its business restructuring, aiming to protect the interests of minority shareholders [1] Group 1: Shareholder Protection Mechanism - The company will provide a cash option to dissenting shareholders as a protective measure, in compliance with the Shenzhen Stock Exchange rules [2] - All A-shareholders, except for specific individuals, will be offered a cash option on their shares, excluding those with restrictions [2][3] - The cash option allows shareholders to receive a cash payment of 1.60 yuan per share, which represents a premium of approximately 10.34% over the last closing price before the board's decision [7] Group 2: Cash Option Implementation - Shareholders must meet specific conditions to exercise the cash option, including transferring shares from margin accounts to regular accounts before the option's implementation date [5][6] - The cash option is not mandatory; shareholders can choose to accept or decline it, maintaining their rights to hold shares [7][8] - The cash option's registration date is set for September 2, 2025, subject to adjustments by the board [6] Group 3: Opinions from Intermediaries - Financial advisors affirm that the company's plan to withdraw from the exchange aligns with regulatory requirements and adequately addresses dissenting shareholders' rights [9] - Legal advisors confirm that the internal decision-making process for the withdrawal has been properly executed and complies with relevant laws [9]